The Legal and Juridical Analysis of the Issuance of Murabaha Sukuk

Murabaha, is a contract by which the seller announces to the customer the final price of thegoods, including purchase price, transportation costs, maintenance costs and other information, then adds an ceryain amount or a percentage of the profit to it. Based on this contract, murabaha Sukuk is designed like any other legal and economic actions and has some rights, commitments and obligations between the contracting parties in the process of issuance. In this article, the authors have tried to examine the existing murabaha securities in the domestic laws and regulations, including securities of buying assets, raising fund, establishing capital of collateral and commercial companies from legal and Islamic jurisprudence perspectives as well as the clearing and settlement process of the murabaha securities.