A company involved in the trade of gold and diamonds has approached an Islamic bank seeking a financing facility

Fatawa Question

A company involved in the trade of gold and diamonds has approached an Islamic bank seeking a financing facility. The financing facility may include the following : Financing the procurement of gold, silver, diamonds and other precious stones from the suppliers for making jewelry ; Financing the expenses on fit out works for new showrooms; and Support of the general business and working capital requirement of the company. Shariah guidance is sought on the mode of Islamic finance to serve the customer’s requirements, particularly on the purchase of gold and silver

Fatwa

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Publisher

Islamic Finance News

Publication Date

2014-04-23

Country of Publication

Malaysia

Main Subjects

Economics & Business Administration
Islamic Studies

Data Type

Fatawa

Language

English

Record ID

BIM-783557

American Psychological Association (APA)

Hassan, Husayn Hamid. 2014-04-23. A company involved in the trade of gold and diamonds has approached an Islamic bank seeking a financing facility. . Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783557

Modern Language Association (MLA)

Hassan, Husayn Hamid. A company involved in the trade of gold and diamonds has approached an Islamic bank seeking a financing facility. Kuala Lumpur Malaysia : Islamic Finance News. 2014-04-23.
https://search.emarefa.net/detail/BIM-783557

American Medical Association (AMA)

Hassan, Husayn Hamid. 2014-04-23. A company involved in the trade of gold and diamonds has approached an Islamic bank seeking a financing facility. Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783557