Two other researchers report that for many years multibillion-dollar ‘artificial’ murabaha transactions in London occurred, the place “many doubt the banks really assume possession, even constructively, of stock”. Like Bai’ al inah talked about above, the greater complexity of this …
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Other orthodox supporters have defended the Sharia-compliance of the practice saying that amongst other things, attaching commodities to money in finance prevents cash from getting used for speculative purposes. Critics report widespread abuses of “synthetic” murabaha, that are loans with …