When a murabaha contract is used in Islamic banking, a company essentially pays the bank to purchase equipment, supplies, and other needs on behalf of the company.

Name: When a murabaha contract is used in Islamic banking, a company essentially pays the bank to purchase equipment, supplies, and other needs on behalf of the company.
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In a murabaha contract, the bank purchases goods on behalf of the company and sells them to the company at a profit margin, allowing the company to pay over time.

When a Murabaha Contract Is Used in Islamic Banking, a Company