ISLAMIC MURABAHA CONTRACTS AND ITS ROLE IN IMPROVING THE ECONOMIC LEVEL OF LIBYAN FAMILIES (AN ANALYTICAL DESCRIPTIVE STUDY ON THE JUMHOURIA BANK)

Abstract

Murabaha has a great place among the types of banking transactions in most Islamic countries. Murabaha under Islamic law means selling the commodity at the price at which it was bought and increasing the profit. The Bank of the Republic - which is considered the largest commercial bank affiliated to the Central Bank of Libya One of the most important findings of the study is that the Islamic Murabaha contracts in Jumhouria Bank are divided into two main types: 1-Murabaha for the order to buy “internal Murabaha”: It is conducted with individuals in the purchase of cars, furniture and others. 2-Import Murabaha: which takes place with companies by opening letters of credit to customers with a contract to sell goods with import Murabaha. Key words: Islamıc Murabaha Contracts; The Economic Level; Libyan Families