AAOIFI Shariah Standards

Murabahah: Adoption of the Standard

The Shariah standard for Murabahah was adopted by the Shariah Board in its meeting No. (4) held on 25-27 Safar 1421 A.H., corresponding to 29-31 May 2000 A.D.


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In its meeting No. (8) held in Mecca on 28 Safar - 4 Rabi’ I, 1423 A.H., corresponding to 11-16 May 2002 A.D., the Shariah Board readopted a resolution to reformat the Shariah rules for Murabahah in the form of a Shariah standard.

« Scope & Shariah Ruling Appendix A - Notice From Institution's Customer of its Performance of Purchasing Asset or Good as Agent for Institution, and of its offer to Purchase Item from Institution According to Contract of Murabahah »


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