Fatwa: Advancing Installments (3)

Transcription

1. Fatwa Database https ://islamicmarkets.com/publications Topic: Advancing Installments Question: Is it permissible for the bank to accept the repayment of indebtedness of customers before their maturity dates? Answer: The board opined that the bank may accept payment of the indebtedness of customers in Murabaha trading transactions before the due date of the installments, whether in whole or in part, against a waiver from the bank of some of its agreed upon profits provided that it should not be stipulated in advance at the time of contracting. Compiled & Classified By: Dr Ahmed Mohieddin Ahmed Source: Reviewed by: Dr Abdul Sattar Abu Ghuddah Fatwas of the Shariah Board of Qatar Islamic Bank, Fatwa No. (11).