Resolutions of 42nd,44th and 46th Sessions of Sharia Council
Monday, 09 August 2021 04:41 resolutions sharia council contract 525
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The contract of usable facilities in the facilities granted to brokerage companies active in the capital market was discussed in the Sharia Council.

The contract of facilities that can be used in facilities granted to brokerage companies active in the capital market was discussed in the 42nd, 44th and 46th sessions of the Sharia Council of the Central Bank of Iran and the following decisions were taken:
The granting of facilities by credit institutions to brokerage firms in the following order was sharia compliant.
1- The credit institution in the form of a power of attorney contract provides facilities to the brokerage company so that the company can provide the ground for the credit institution to participate in the field of buying and selling shares with the applicants. In this method, the person receiving the facility through a brokerage company from a credit institution will be a partner with the credit institution in the purchased shares, equal to the credit facility granted to the credit institution .The brokerage company, on the one hand, is the lawyer of the credit institution and, on the other hand, is the lawyer of the person receiving the facility (buyer of shares) and buys and sells shares.

2- Granting facilities to brokerage companies in the form of Murabaha contract is also possible.

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