Published 3 years ago
Last updated 3 years ago
Q: Can you please explain what are the definitions of:
1. Muraabahah
2. Ijaarah
A: The shar'ee definition of muraabahah and ijaarah explained by the Fuqahaa is as follows:
Muraabahah is where the seller sells an item to the purchaser with a profit revealing his cost price to him.
Ijaarah is a lease contract where the lessee pays the lessor wealth for a benefit or service.
And Allah Ta'ala (الله تعالى) knows best.
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