Loans, Tawarruq, discounting, financing of business : discounting bills of export

السؤال

As Salam-O-Alaykum Dear Dr. Monzer Kahf Here, I am Aquib Khan of Shahid Group of Industries, New Delhi, India, as executive accountant and finance officer. I have joined this firm a week earlier after completing my post graduate diploma in Islamic banking and finance from Aligarh Muslim University, Aligarh, India. As I have in the field of Islamic finance, the Director of the company Mr. Abdullah wants me to search the avenues to raise the funds (about 10 crores) for the expansion of his retail business I.e. Store 99 in Shari’ah compliant manner. The problem is that the FDI is not allowed in Retails in India, so please direct me on these two questions mentioned below : 1. As one of the segment of the Industry in Export. So, on this part my Question is that can we discount the bills of export to raise the fund for our business ? Guide me in the light of Shari’ah regulations. 2. My 2nd question is that in our store / retail business most of the high profile people SWAP their credit cards for the payments. In this regards, can we discount this credit cards collection to raise immediate funds ? Waiting Eagerly for your Reply. We the students of Aligarh Muslim University had met you in the international conference on Islamic Finance, organized at Islamic cultural center, and Lodhi road new Delhi on 3rd and 4th Feb, 2010. Plz kindly reply on the provided mail addresses. Zakallah. Aquib

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2010-08-07

التخصصات الرئيسية

العلوم المالية و المحاسبية
الأديان
الدراسات الإسلامية

الموضوعات

• الفقه الإسلامي
• البيوع
• التمويل
• الصادرات
• القروض
• الشركات
• التورق
• الحسم
• الكمبيالات
• بطاقات الائتمان
• الشركات التجارية
• المدفوعات

عدد الصفحات

2

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-729699

• APA
• MLA
• AMA