What is the ruling on seeking financing in the form of Murabahah to purchase goods from someone who cannot take possession of them due to being far from the place of purchase?

This transaction can be carried out by empowering another person to buy the goods, and then that person sells them to you after taking possession. If that is not possible, the buyer himself can be appointed as an agent for the purchase. The principal sends you money to buy the goods for him as his agent, whereupon the goods become a trust in your possession, and their guarantee falls upon their owner. After that, you agree with him to buy them on a Murabaha basis for a known term at a known price, and their guarantee transfers to you upon your taking possession of them. This is based on the permissibility of an agent buying from himself with his principal's permission.

The Islamic Fiqh Academy has stipulated the validity of appointing the ordering party as an agent in a Murabaha sale, provided that the sale takes place after actual possession and قبض (taking possession), and that it is concluded with a separate contract.

The principle is that the institution should buy the commodity itself directly or through an agent other than the ordering party, and should not resort to appointing the customer as an agent unless there is an urgent need. A distinction must be made between the guarantee of the institution and the guarantee of the customer acting as agent, by having a time interval between the execution of the agency and the conclusion of the Murabaha contract.