Modern applications of profit-sale (Bayʿ murābaḥah) from a Maqāsid Sharīʿah perspective

• Main Authors: Ali, Mohammed Farid, Mohd Yunus, Saidatolakma
• Format: Article
• Language: English; English; English
• Published: IIUM Press, International Islamic University Malaysia 2019
• Subjects: HG3368 Islamic Banking and Finance; KBP Islamic Law; KBP173.25 Islamic law and other disciplines or subjects
• Online Access: http://irep.iium.edu.my/66887/1/66887_MODERN%20APPLICATIONS%20OF%20PROFIT-SALE%20%28BAY%20MURABAHAH%29%20_article.pdf; http://irep.iium.edu.my/66887/2/66887_MODERN%20APPLICATIONS%20OF%20PROFIT-SALE%20%28BAY%20MURABAHAH%29%20_scopus.pdf; http://irep.iium.edu.my/66887/3/66887_MODERN%20APPLICATIONS%20OF%20PROFIT-SALE%20%28BAY%20MURABAHAH%29%20_wos.pdf; http://irep.iium.edu.my/66887/; http://journals.iium.edu.my/shajarah/index.php/shaj/issue/view/55

This paper looks into profit-sale (murābaḥah), a nominal sale contract in Islam, in search for Shari'ah objectives embedded in the corpus and in the terms and conditions of the contract. In light of these objectives, applications of the profit-sale contract as a financing tool by the Islamic Fi...