What is the ruling on murabaha in Islamic banks, and is it similar to usury (riba)?

Murabahah is permissible if its conditions and legitimate controls are met; otherwise, it is prohibited usury (riba). Murabahah is defined as selling at cost price plus a known profit, with the condition that both the cost price and the profit are known. It differs from the prohibited form in that the commodity must enter into the bank's ownership and possession, and the sale between the bank and the client is based only on a promise to purchase, becoming binding only after the contract between the two parties is concluded. Consequently, if the commodity perishes before the contract, it is at the bank's risk, thereby eliminating any Sharia-related concerns. It is permissible for the questioner to follow the opinion of someone they trust if they are unable to examine the jurists' opinions themselves, provided that this following is not for the purpose of seeking dispensations.