Murabaha According to Shari'a

Course details

In this course, bank employees will learn about the Murabaha method of Islamic finance, including immediate, installment and future Murabaha. They will also learn the underlying Islamic legal framework for Murahaba.

Course Description:

In this course, bank employees will learn about the Murabaha method of Islamic finance, including immediate, installment and future Murabaha. They will also learn the underlying Islamic legal framework for Murahaba.

Course Objectives:

• List the types of sales permitted in Islamic jurisprudence
• Explain the concept of Murabaha
• Describe the accounting standards for Murabaha
• Apply the Murabaha concepts learned in workshop sessions

Course Outline:

Module 1 – Sales in Islamic Jurisprudence

• Types of sales
• Types of sales that are permitted under Islamic law
• Types of sales that are not permitted under Islamic law
• Case studies

Module 2 – Murabaha

• The concept of Murabaha
• Conditions of Murabaha
• Procedures for Murabaha
• Suspicions surrounding Murabaha transactions
• Case studies

Module 3 – Standards for Murabaha

• Standards for Murabaha
• The Islamic legal framework
• Accounting standards for Murabaha
• Case studies

Module 4 – Executive and Prudential Workshop

• Murabaha as executed by banks
• Immediate Murabaha
• Installment Murabaha
• Future Murabaha

Assessment Strategy:

Participants will be informally assessed on their interaction during sessions and their participation in exercises