Question
Is the diminishing musharakah (leasing and purchasing) Shariah compliant? According to Mufti Taqi it is a valid, permissible contract.
Answer
It is baatil – baseless and not permissible. We have explained the invalidity of this model in detail in an article. The very name 'diminishing mushaaraka' is stupid. There is no such concept in the Shariah.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 26 No 02
- PDF page
- 2
Appears under REPAYING LOANS (approximate).