MURĀBAHAH SELLING AND BUYING WHICH PROCEEDS IN ISLAMIC FINANCIAL INSTITUTIONS

Abstract

Murābahah Selling and Buying is a type of Contract which is permitted by Sharī‘ah. It is spelled out as trust (amānah) sale or a sale which the seller and customer trust to each other. As for way of practice in Islamic Financial Institutions have been taken away from Muslim scholars' views or Islamic laws which base upon the same regulation of merchants. It is announced capital price and also mixed with certain profit in price. Seller will become owner of good before selling and also to be responsible for the goods if is broke before giving to buyer and ought to take that goods if it's not up to the standard after the buyer accepted that goods. This selling is a type of trading to get profit in this moment. In Islamic states which have Islamic Financial Institutions including Thai state have done this selling to be a solution for Muslim customers and to avoid from interests which prohibited by Sharīʻah in current society. Although how, the way of execution in Islamic Financial Institutions must be legalistic in all aspects of Sharī‘ah that because the human beings are not only need to associate with each other but also want to look for Allah's kindness in their merchants.