please define a "musawamah"
glossary FAQ: glossary.
Darryl N. From Canada
02 March, 2009
An Islamic finance term that describes a sale in which the seller is not obligated to disclose the price paid to create or obtain the good or service. This defers from murabaha, where a buyer knows the cost of the underlying asset.
Musawamah usually occurs when it is difficult to determine what the cost of a particular good or service was, or when the good is comprised of a pool of products. In order to comply with Shari'ah, there are many restrictions to a musawamah, including:
The underlying asset must be in existence and in the sellers Visit MB Trading
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