A murabaha contract that is concluded on a bilateral basis, i.e., between a purchaser and a seller (usually a financial institution like an Islamic bank) with the funds for the purchase of the murabaha asset being contributed by the seller. In other words, bilateral murabaha transaction involves only two parties. The seller is a trader who buys a commodity without a prior promise (wa’ad) of purchase by a specific customer, and then he offers it for sale on the basis of murabaha for a certain price (thaman), with part of which being the profit amount (mark-up) or ribh to be negotiated by the two parties.