The government of a country has announced a social welfare scheme under which an interest-free loan is provided to nationals who wish to avail themselves of the scheme, in order to construct villas for their own residential purposes only

السؤال

The government of a country has announced a social welfare scheme under which an interest-free loan is provided to nationals who wish to avail themselves of the scheme, in order to construct villas for their own residential purposes only. An Islamic bank has been mandated by the government to provide the interest-free loan amounts to the citizens. Also, the government has authorized the bank to provide additional funding if the cost of construction exceeds the approval granted by the government to each citizen. Such additional funding shall be on commercial basis, allowing the Islamic bank to earn profit over the financed amount. A suitable Shariah structure is required to finance the amount over and above the interest-free loan granted by the government.

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

الناشر

Islamic Finance News

تاريخ النشر

2014-05-14

دولة النشر

ماليزيا

التخصصات الرئيسية

العلوم الاقتصادية والمالية وإدارة الأعمال
الدراسات الإسلامية

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-783546

• APA
• MLA
• AMA