Is it permissible for an Islamic bank to sell goods via Murabaha without actually taking possession of them, and then suffice with a promise-to-sell agreement and collect the price without completing the final sale contract?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The aforementioned sale is merely a stratagem to circumvent usury (riba) because the bank lent the customer the price with usurious interest. This is a stratagem employed by many banks that claim to operate according to Islamic financial principles. Sheikh Ibn 'Uthaymeen issued a prohibiting such a transaction because it is a stratagem to circumvent usury, given that the car did not come into the possession of the installment seller.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/104908
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 104908
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy