QUOTE(oneofakindcake @ Dec 13 2012, 03:03 PM)
Hi, anyone heard of maybank Commodity Murabahah Home Financing-i?
I was offerd this kind of loan from maybank.
Anyone knows the pros n cons of this kind of loan.
Whats the difference btw Commodity Murabahah, BBA and MM?
I believe all of them have the same term (BFR, loan tenure, etc....), it just how they structure the contract to make it syariah compliance. Commodity Murabahah I believe is based on Tawarruq concept, where you (home buyer) will purchase some syariah compliance commodities from the Maybank (maybe CPO), at pre-agreed profit rate, where the sums will be pay in instalment. The bank then will sell the commodities you bought from them to some commodities broker, where the proceed of the sales will be transferred to your account, to be used to purchase the house.I was offerd this kind of loan from maybank.
Anyone knows the pros n cons of this kind of loan.
Whats the difference btw Commodity Murabahah, BBA and MM?
I believe Maybank create this product as an alternative to their BBA and MM, where some middle east scholars reject BBA, because they believe BBA transaction is not valid/syariah compliance because the transaction of BBA is just to create debt obligation, and there is no real trade from such transaction.
Dec 13 2012, 03:47 PM

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