Examining Alternative Murabaha contract in Granting Facilities for Purchasing Goods
Wednesday, 08 July 2020 08:43 murabaha contract CBI granting facilities 460
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At the 26th session of the Sharia Council the issue of alternative Murabaha contract in granting facilities for purchasing goods was reviewed.

The Sharia Council of the Central Bank of Iran examined and approved the issue of replacing the Murabaha contract in granting facilities for the purchase of goods, especially facilities granted to households.

Granting facilities for the purchase of goods, including consumer goods, intermediaries, capital and services, especially facilities granted to households in the form of Murabaha contracts instead of Jo'aleh contract (reward contract)and installment sales is emphasized due to better implementation of interest-free banking operations.

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