IslamQA

Is Murabaha permissible?

Answered according to Hanafi Fiqh by DarulUloomTT.net

Q: As salaamu alaikum,
Will it be permissible to take a loan from the MCU? You are required to pay back an additional fee monthly that they refer to as Murabaha. Is this permissible?

 

A: Wa Alaikum As Salaam,

Yes, it is permissible to do the transaction. Murabaha is not a loan, it is a sale. As such, the additional amount is a mark up and not interest.

 

And Allah Knows Best,

Mufti Waseem Khan.

11/6/2015.

This answer was collected from DarulUloomTT.net, which is operated under the supervision of Mufti Waseem Khan from Darul Uloom Trinidad and Tobago.

Find more answers indexed from: DarulUloomTT.net
Read more answers with similar topics: