Abstract:
Murabha is one of the Islamic banking product widely used by the IFIs. Due to several reasons the
modern applications of Murabah at IFIs has brought many Shariah issues. This study intended to
identify the Shariah issues that are been criticized by the expert and to explain the basis behind those
issues. This study has employed qualit methods where by the date were collected through primary and
secondary sources. As per the objectives of this study, the researchers have found the some Shariah
issues. The issues found are common for all the IFIs in the world. All of the issues highlighted in this
study are serious and challengeable to the stability of the IFIs. Among the issues some have been
discussed for which the suggestions for the rectification have been recommended while some are
ongoing unsolved issues among the scholars.
