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Shafi'i Fiqh

Selling Solar Water Heating Systems through Murabaha Contract

We are a charitable organization that encourages people to use solar water heating systems through establishing a fund that gives loans to that end. This goes as follows: A provider of solar water heating systems is selected through a tender, an installing order is issued by the organization and the customer is required to pay the price of that commodity to the organization in installments where he pays the agreed upon amount in addition to a specific sum, as margin of profit in favor of the organization. What is the ruling of Sharia on this?

Shafi'i Fiqh

An Example of Istisnaa` Contract

Is it permissible for a financial institution to conclude a contract with a certain contractor, where the latter is required to deliver the finishing works of a certain building, and, at the same time, conclude a parallel Istisnaa`(Manufacture) contract with the owner of that building(Customer) against payments made in installments, knowing that the property is originally registered in the name of the customer himself?

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