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All praise be to Allah, peace and Blessings upon Prophet Muhammad.Wassalaamou Aleykum Warahmat-UllahRegarding the issuance of a Shari‘ah Compliance Certificate, I am not currently in a position to issue...
Definition of Muraabahah financing بسم الله الرحمن الرحيم Muraabahah is a sale in which the seller discloses the original cost of an asset and sells it to the purchaser for that cost plus an agreed and known...
The ruling depends on the actual structure and terms of the agreement. A vehicle-leasing arrangement may be permissible, or it may be prohibited. A lease – Ijaarah - is not a sale. Under a genuine lease, the...