islamic banking sell and buy back Iran and pakistan are committed to establish islamic justice known as adi wa ihsan  of finance comprising mark-up, mark-down, buy-back, leasing, hire- purchase, de-  bank has to purchase and sell the goods at its own account in fact.
{"Image DocumentName": "The Philosophy of Islamic Finance (Cont\u2019d)", "Image ImageDescription": "Buying/selling goods, both on cash payment and credit, for the purpose of earning profit is permissible. Pricing the goods, keeping in mind the time given for payment of the price in credit transactions, is also acceptable with the condition that it should not involve any addition or enhancement to the principal amount of the debt created as a result of the sale transaction. This aspect has been discussed in detail later while discussing the concept of time value of money. This implies that once any debt is created, the seller cannot demand more than the credit price stipulated in the sale or other contracts. Those who were involved in usurious transactions at the time the Holy Qur\u2019\u00afan was revealed protested and argued that lending on interest was like an act of trade and that they should be allowed to add more and more so long as the debtor did not pay. They were admonished through the revelation in the Holy Qur\u2019\u00afan that while trade was permitted, Riba was forbidden. Any increase over the receivable of the sale was Riba and in loans or debts they were entitled to their principal sums only.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}