The party (in Arabic الآمر بالشراء) to a murabahah contract/ cost-plus sale (specifically murabahah to the purchase orderer) who approaches a seller/ financial institution (Islamic bank) with a request to buy a specific good/ asset on the basis of murabahah. If agreed by the seller, the purchase orderer places an order and undertakes to subsequently purchase the object of murabahah upon acquisition by the seller.
December 14, 2024
