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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...
Prohibition Of Credit Card In Islamic Finance
It is not permissible for an institution to issue credit cards that provide an interest bearing, revolving credit facility where the card holder...
It is not permissible for an institution to issue credit cards that provide an interest bearing, revolving credit facility where the card holder...
Mortgaging An Asset
Assets may permissibly be used as security, however, mortgaging involves doing so based on interest so it would not be accurate to say that an...
Assets may permissibly be used as security, however, mortgaging involves doing so based on interest so it would not be accurate to say that an...
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...
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...
Permissibility Of Debit Card In Islamic Finance
The use of a debit card is permissible provided the user does not exceed the available balance. This avoids any resulting interest charges. It...
The use of a debit card is permissible provided the user does not exceed the available balance. This avoids any resulting interest charges. It...
Permissibility Of Charge Card
For the avoidance of doubt, by charge card we mean a credit accessing instrument for which the debt incurred is to be paid off to the bank within a...
For the avoidance of doubt, by charge card we mean a credit accessing instrument for which the debt incurred is to be paid off to the bank within a...
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