An application to purchase a property at a specified amount provided that the bank sells same property to the client in form of Murabaha in a specified amount higher than purchase amount to be paid by the client after one month as of the date of the sale of the bank’s property to the client.
Question: Please provide the Shari’ah opinion on the following: A bank client submitted its application to purchase a property in the amount of 250.000 pounds provided that the bank sells same property to the client in form of Murabaha in...
