The Ruling on Murabahah (a cost-plus sale) in the National Islamic Bank

Question:
Honorable Shaykh, a questioner asks: What is the ruling on Islamic murabahah at the National Islamic Bank, where they purchase the item and take ownership of it, then sell it? Please inform us about this, as I am about to buy a car from them?

Answer:
The National Islamic Bank here is a name; in this sense, it is the National Islamic Bank, or simply the National Bank that we know as the National Bank. As for the murabahah they speak of, we have not seen its system, nor do we know about it. If the meaning is that they take your money and buy and sell in what Allah has permitted, with a share of the profit shared between you and them, then this is mudarabah. You give them money, and they buy and sell permissible goods in the prescribed manner.
And you become partners in the profit. There is nothing wrong with this; this is mudarabah. But if it is anything other than that, from the systems of riba-based banks, then it is not Islamic mudarabah nor Islamic murabahah. It is bank murabahah. They call it Islamic to deceive people. Yes.

The presenter:
May Allah reward you