Islamic windows in conventional banks

السؤال

Assalamu Alaikum learned brother in Islam i live in a small African country, where a local financial institution is intent on opening an Islamic banking division. I have joined this institution and am involved in the setting up of the department. I have a number of questions In the absence of any other Islamic alternatives, is an Islamic banking division acceptable, as the bank is listed on the local stock exchange and is not owned by Muslims ? due to a very limited range on possible investments, is it possible to invest depositors funds in treasury bills (One view is that government interest and taxes can be offset, as in my country taxation is the second highest in the world and can exceed 40- 50%) Are TB's acceptable ? and is it allowed to offset the taxes against the proceeds of government interest-bearing instruments ? I do want to ensure that all aspects are perfectly Islamically acceptable, and if unavoidable, these are disclosed to the public, where Muslims are a very small minority. Jazaaakalah. may Allah Taala guide and protect the Ummah at large. Ameen.

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2002-03-21

التخصصات الرئيسية

العلوم الاقتصادية والمالية وإدارة الأعمال
العلوم المالية و المحاسبية
الأديان
الدراسات الإسلامية

الموضوعات

• المصارف
• الفقه الإسلامي
• الاقتصاد الإسلامي
• العقود
• التمويل
• الاستثمارات
• الودائع المصرفية
• الربا

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-724624

• APA
• MLA
• AMA