Does signing a Murabaha contract online change the nature of the contract?

The fact that a contract is electronic does not negate the necessity of fulfilling its essential elements and following the correct procedure.

Steps

1. Technology changes the way documentation and approval are obtained, not the essence of ownership, sale, or agency.

2. If you are financing through the app, read each approval screen carefully and understand whether you are approving a request, a power of attorney, or a final sales contract.

Source

• AAOIFI — Sharia Standards

• Central Bank of Egypt — Digital Financial Identity

• Central Bank of Egypt — Know Your Rights