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OverviewSubrogation of the bank in place of its client in an international Murabaha transaction or in part of it, after the bank had carried out the deal of the Murabaha and prior to the settlement of the client of his debt resulting from the purchase of the goods on credit, is not Shariah permissible, because the investment have already been effected based on carrying out the transaction and there remains only the debt which is receivable from the debtor of the Murabaha.This debt is the right of the creditor who is the client. Then, for the creditor to get his capital or part thereof from the Bank before maturity date against an excess amount which is the profit of the transaction or part of it, is considered as spot sale for a credit sale, of its kind, to another party who is not the debtor with an increased amount versus period of time, a case which is considered as a state of usury Full Product DetailsAuthor: Prof Magid MaatallahPublisher: LAP Lambert Academic Publishing Imprint: LAP Lambert Academic Publishing Dimensions: Width: 15.20cm , Height: 2.90cm , Length: 22.90cm Weight: 0.744kg ISBN: 9783844321760ISBN 10: 3844321764 Pages: 512 Publication Date: 24 March 2011 Audience: General/trade , General Format: Paperback Publisher's Status: Unknown Availability: In stock Limited stock is available. It will be ordered for you and shipped pending supplier's limited stock. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |