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Privileges For Account Holders
It is lawful for the bank to offer account holders, whether in general or only to a specific group, with special privileges such as gifts and...
It is lawful for the bank to offer account holders, whether in general or only to a specific group, with special privileges such as gifts and...
Assistance In Cash And Kind
It is permissible for the bank to offer assistance in cash or kind to its current and investment account holders provided that this is not...
It is permissible for the bank to offer assistance in cash or kind to its current and investment account holders provided that this is not...
Charging Fees For Late Repayment
It is not lawful to charge anything above the due amount for a delay in repayment regardless of whether the delay is intentional or not. Instead...
It is not lawful to charge anything above the due amount for a delay in repayment regardless of whether the delay is intentional or not. Instead...
Purchase Of Business License
It is lawful to purchase the business license of a business whose operations are riba-based for the purpose of making them Shariah compliant.
It is lawful to purchase the business license of a business whose operations are riba-based for the purpose of making them Shariah compliant.
Interest From Bank Deposits
It is unlawful for a Muslim to deposit his money in a conventional bank when it is possible to deposit the money in a comparable Islamic bank.
It is unlawful for a Muslim to deposit his money in a conventional bank when it is possible to deposit the money in a comparable Islamic bank.
The ruling in regard to depositors taking interest is the same whether the bank is located in a Muslim or in a non-Muslim country. The interest...
Profits And Losses To Overdrawn Accounts
It is permissible for the bank to allow the accounts to be overdrawn however, in the event that they are overdrawn such that no balance remains in...
It is permissible for the bank to allow the accounts to be overdrawn however, in the event that they are overdrawn such that no balance remains in...
Fee For Guaranteeing Operation
It is lawful that a fee be paid to a vendor for the inspection of the cars and their repair when they break down. On the other hand, an agreement...
It is lawful that a fee be paid to a vendor for the inspection of the cars and their repair when they break down. On the other hand, an agreement...
Commission For Finding Clients
It is lawful for the bank to receive a brokerage fee for serving as an intermediary between the client and the insurance company. This fee is...
It is lawful for the bank to receive a brokerage fee for serving as an intermediary between the client and the insurance company. This fee is...
Transferring Right To Benefits
It is lawful to transfer a right to benefits from a Takaful insurance plan to the purchase pledger at the conclusion of a Murabaha sales contract,...
It is lawful to transfer a right to benefits from a Takaful insurance plan to the purchase pledger at the conclusion of a Murabaha sales contract,...
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