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Murabahah - Appendix B Notice Of Acceptance By Institution Of Customers Offer To Purchase Asset Or Good To Be Acquired And Of Selling Item By Institution To Customer

IM Research
By IM Research
6 years ago
Murabahah - Appendix B Notice Of Acceptance By Institution Of Customers Offer To Purchase Asset Or Good To Be Acquired And Of Selling Item By Institution To Customer


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  1. Shari ’ah Standard No. (8): Murabahah Appendix (B) Notice of Acceptance by Institution of Customer’s Offer to Purchase Asset or Good to Be Acquired, and of selling item by Institution to Customer Notice of the acceptance by the Institution of the customer’s offer to purchase the asset or good to be acquired: From: (The Institution).......... To: (The customer as the Institution’s agent).......... In response to your notice dated ….., containing your offer to purchase the item described below which is owned by us, we hereby confirm to you our sale of the item to you at a total price of ….. comprising the cost price of ….. plus the mark-up of ….., in accordance with the conditions explained in the general agreement to a contract of Murabahah. Please send the acceptance in accordance with this offer. 217