The following items were approved at the 1o4th session of the Central Bank of Iran’s Sharia Council:

a) Regarding household retail Murabaha financing, the store supplying the goods subject to the Murabaha may be appointed as the bank’s agent in the cash sale (purchasing the goods for the bank) and subsequently in the credit sale (selling the goods to the financing recipient or customer).

b) Due to the undesirability (karāha) of percentage-based Murabaha, it is recommended that only the total sale amount of the transaction be stated in the Murabaha contract with the customer.

c) Depositing Murabaha financing amounts or other types of contracts (except for Qard al-Hasan, debt purchase, and Salam) into term investment deposit accounts that accrue profit is prohibited.