Adam approaches a Murabaha bank in order to finance the purchase of a $10,000 automobile from “Cash-Only-Automobiles”.The following is an example of a Murabaha contract: Islamic banks, using Murabaha, provide their customers with financing by buying goods that their customers need and selling those goods to their customers at a higher price on a deferred payment basis. ![]() It has been estimated that 80 to 90 percent of the financial operations of some Islamic banks belong to this category. ![]() ![]() In its modern form, Murabaha has become the single most popular financing product amongst “Islamic” banks all over the world. The word Murabaha comes from the Arabic word for profit and simply means a “sale”.
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