id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ajbmeb-1726	Mukhitdinova Muyassar Ziyaviddinovna	THE LEGAL AND REGULATORY FRAMEWORK FOR MURABAHA	2023	11	.pdf	application/pdf	5687	365	46	[1][2] Critics/skeptics complain/note that in practice most murabaḥah transactions are merely cash-flows between banks, brokers, and borrowers, with no buying or selling of commodities;[15] that the profit or markup is based on the prevailing interest rate used in haram lending by the non-Muslim world;[2] that the financial outlook of Islamic murabaha financing and conventional debt/loan financing is the same,[16] as is most everything else besides the terminology used.[17] While orthodox Islamic scholars have expressed a lack of enthusiasm for murabaha transactions,[18] calling them no more than a second best solution (Council of Islamic Ideology)[19] or a borderline transaction (Islamic scholar Taqi Usmani),[20] nonetheless they are defended as Islamically permitted. Hassan states, although Islamic banks are less efficient in containing cost, they are generally efficient in generating profit.[26] Islamic banker and author Harris Irfan writes that use of murabaha has become so distorted from its original intent that it has become the single most common method of funding inter-bank liquidity and corporate loans in the Islamic finance industry.[1	cache/ajbmeb-1726.pdf	txt/ajbmeb-1726.txt