English abstract
The research seeks to know the Omani Islamic Bank Procedures before
the Murabaha contract, also to find out how to own and possess goods,
how to conclude Murabaha contracts, determine insurances which are
undertaken by Omani Islamic Bank and reveal the methods of addressing
it of the troubled debt.
Methodology:
The researcher followed the descriptive analytical methodology. This
methodology presents legal statements, definitions and standards. And
the deductive analytical methodology will be after presenting the
statements and likely by considering the statements and evidence, also
comparing banks in the Sultanate of Oman to the legal standards, to
know to what extent they are adhering to the standards.
ّ:Results: Results
The researchers found out, after reviewing the bank contracts of the
Murabaha standard, that the banks take promise from one party before
the contract, and they do not sell the goods unless they possess them.
The Omani Islamic bank conditioned of innocence of flaws, and at the
time of concluding the contract, they take two guarantees on the client
and requires the subrogation to all contracts if two instalments are
delayed. In addition, the addressing process of troubled debt requires
authenticating the recalcitrant debtor.
