Murabaha to the Purchase Orderer in Commercial Banks Between Islamic Sharia and Libyan Law

Sharia and Libyan Law

Abstract

The Murabaha sale to the one who ordered the purchase is considered  one of the most  important banking transactions as it is a legitimate means of financing and investment and an alternative to usurious bank financing, not only at the local level but also  at the international level, hence it is the responsibility of the Commercial and National Banks in particular, and other banks in general, not to deviate from the Sharia and valid controls necessary to complete the Murabaha sale process, and not to use it as a means of covert usurious financing, Where this study aims to look at the scattered legal texts in Libyan law, to clarify the provisions for the sale of Murabaha commanding by purchase and to consider the procedures that commercial banks deal with when implementing the Murabaha sale to the purchase orderer and to ensure that they comply with the provisions of lslamic law, especially since there are many suspicions that revolve around the application of the Murabaha sale to the purchase orderer in commercial banks between the licensed and the exhibitors.