National Shari'a Board - Indonesian Council of Ulama Fatwa No. 4 of 2000 on Murabahah

This fatwa sets out the key requirements of murabahah banking practices. Among other points, it acknowledges the utility of sale-purchase (murabahah) principles, prohibits interest-bearing practices (riba), encourages transparency and full-disclosure from shari'a financial institutions, and encourages customer accountability vis-a-vis ensuing repayments to shari'a financial institutions.

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