What is Istisna Murabaha.
Mu' meneen Brothers and Sisters,
As Salaam Aleikum wa Rahmatullahi wa Barakatuh. (May Allah's Peace, Mercy and Blessings be upon all of you)
One of our brothers/sisters has asked this question:
WHAT DOES THE WORD ISTISNA STANDS FOR ?
HOW IT IS DIFFERENT FROM
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What is Istisna Murabaha
In the name of Allah, We praise Him, seek His help and ask for His forgiveness. Whoever Allah guides none can misguide, and whoever He allows to fall astray, none can guide them aright. We bear witness that there is none worthy of worship but Allah Alone, and we bear witness that Muhammad (saws) is His slave-servant and the seal of His Messengers.
Your Question: WHAT DOES THE WORD ISTISNA STANDS FOR ?
The literal meaning of the Arabic term Istisna is an exception.
- Everything is on sale except this item.that item would be the istisna or exception.
- Every car is sold except this one..that car would be the istisna or exception.
- Your passport is valid for travel to any country except country X.that country X would be the istisna or exception.
Question: .AND HOW IT IS DIFFERENT FROM
Murabaha by definition is a sale of a Shariah-compliant commodity where the seller expressly mentions the cost he has incurred on the commodity to be sold, and sells it to a buyer by adding some profit or mark-up which is known to the buyer. Such a sale where the cost incurred and profit charged is honestly declared by the seller to the buyer is known as Murabaha.
Whatever written of Truth and benefit is only due to Allahs Assistance and Guidance, and whatever of error is of me alone. Allah Alone Knows Best and He is the Only Source of Strength.
Your brother and well wisher in Islam,