Mourabaha

Définition

A Sharia-compliant sale transaction where the financier purchases an asset and resells it to the customer at a disclosed cost plus an agreed profit margin, with deferred payment. Unlike conventional loans, the bank takes actual ownership of the asset (however briefly) — this transfer of ownership risk is what distinguishes murabaha from an interest-bearing loan. Commodity murabaha (tawarruq) uses London Metal Exchange (LME) metals as the underlying commodity and is widely used in the GCC for corporate financing, interbank placements, and trade finance. It is the most common Islamic financing structure globally.