Hand-curated quoteVerified
On Murābaḥah in conventional clothing
Joe Bradford
What this source says
A Murābaḥah whose price is calibrated to LIBOR, whose payment schedule mirrors amortization, whose default mechanism penalizes time-value-of-money, and whose customer relationship is identical to a conventional mortgage is not a Murābaḥah. It is a conventional loan in Arabic clothing. Calling it ḥalāl does not make it so.
Wording inside quotation marks is quoted from the source. The rest is this notebook’s summary of it — read the original before relying on it.
Provenance
- Source
- On Contemporary Mortgage Products
- School / basis
- Comparative
- Original
- https://joebradford.net
- Added
- 2026-05-22
- Trust
- Quote read in full context and checked against the original source by hand.
Topics
murabahahiyalmortgagecontracts
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