It is impermissible to keep for oneself the benefit derived from wrongfully taken property (e.g. profits from the sale of real estate purchased...
Cashing Time-Bound Cheque
It would not be permissible since “void after 60 days” is a condition upon which this transaction is based. You will have to initiate a new...
It would not be permissible since “void after 60 days” is a condition upon which this transaction is based. You will have to initiate a new...
Cash Withdrawal Using Card
It is permissible to withdraw cash using a card for which only a flat service fee is charged. It is not permissible to withdraw cash using a...
It is permissible to withdraw cash using a card for which only a flat service fee is charged. It is not permissible to withdraw cash using a...
Shariah-Board Approval
(i) If a conventional bank borrows funds from an Islamic bank with excess funds for 30 days based on an FX Commodity Murabaha, will the...
(i) If a conventional bank borrows funds from an Islamic bank with excess funds for 30 days based on an FX Commodity Murabaha, will the...
It is obligatory to monetarily compensate individuals or institutions to the extent that one benefits from the wrongdoing; children or the insane...
Deriving Benefit From Unlawfully Gained Property
It is impermissible to buy, sell, trade, use, rent, borrow, finance, invest in, bequest, endow, gift, give in charity, put up as collateral, give a...
It is impermissible to buy, sell, trade, use, rent, borrow, finance, invest in, bequest, endow, gift, give in charity, put up as collateral, give a...
It is not a condition for the validity of an investment (e.g. stocks, mutual funds, business partnerships) that partners or shareholders of the...
Bank’s Bidding For A Tender Offered By Itself
It is permissible for a department of a bank to bid for a tender offered by the same bank. In case the bid is found to be suitable, it will be...
It is permissible for a department of a bank to bid for a tender offered by the same bank. In case the bid is found to be suitable, it will be...
Brokerage Fees
Yes, it is permissible to pay such a brokerage fee as such a payment is like a commission paid to one who brings a client or customer to the bank.
Yes, it is permissible to pay such a brokerage fee as such a payment is like a commission paid to one who brings a client or customer to the bank.
Owner’s Guarantee
It is lawful for the bank to accept the guarantee of an owner for a contractor in the construction of something for the guarantor himself since the...
It is lawful for the bank to accept the guarantee of an owner for a contractor in the construction of something for the guarantor himself since the...
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