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Shafi'i Fiqh

Ruling on Appointing a Commercial Bank as Intermediary in Buying and Selling Sukuk

Is it permissible to appoint a commercial bank as intermediary in buying Sukuk (Approved by Islamic Sharia) from some Arab countries, knowing that there is no Islamic agent for these in Jordan. Moreover, the money of these Sukuk is separated from the bank`s where the latter`s sole function is to conclude the buying process. In return, the bank receives (001%) as administrative fees where no interests or profits are involved?

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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