MURABAHA IN ISLAMIC ECONOMICS - Controversies in Modern Literature

Murabaha contract is one of the most applied and discussed transactions in the interest-free financial system. In the process that has been going on since the 1970s, when interest-free banking began, the subject of murabaha, which has been in the field of interest of many scientific disciplines, especially fiqh and economics, has been an issue that has attracted the attention of the academic community as well as being important for the real sector. The main purpose of this study is to deal with the historical development of such a contract, to follow the stages it went through and to examine the debates about the problematic points it has.
Murabaha, which is known as "production support" and "corporate and individual financing support" in practice in Turkey, is a larger-scale and most widely used transaction today, has common issues with other investment-financing models, as well as many different The fact that it contains a problem point, is the most discussed transaction in the modern period, and shows how a classical contract was modernized are the factors that make this contract important. Murabaha fiqh, economic, social, etc. This study, which aims to address various aspects with a critical and holistic perspective and to reveal the course of reasoning and judgment-making activities in modern Islamic economics problems based on the existing literature, is a candidate to fill an important gap in the literature.