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This book analyses the contract of murabahah practised by Islamic banks and points out the defective reasoning used by Muslim scholars to justify the contract. The book can be downloaded from http://nyazee.org/islbanks/contracts/murabahah.pdf
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Book Details
First Sentence
"The contract of murabah ah to the purchase orderer, as it is called, or Murabah ah lil `Amir bish-Shira’ is the backbone of Islamic banking. Indeed, without this contract Islamic banking as it is practiced today will collapse."
Table of Contents
1. Introduction: Murabahah lil `Amir bish-Shira’
2. Murabah. ah in Fiqh—From Bada’i‘ al-S. an¯a’i‘
3. Modern Form and Applications of Mur¯abah. ah
4. Murabah. ah, Bay‘ al-‘Inah and Imam al-Shafi‘ı’s Text
5. Legal Validity of the Credit Sale and Related Rules
6. The Legal Validity of Murabahah Combined with the Credit Sale
7. Stated Profit Essential in Murabah ah is Missing From the New Contract
8. Conclusion
Edition Notes
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