A customer has approached an Islamic bank, seeking to transfer his interest-based loan from a conventional bank to an Islamic bank with the desire to shun Riba (interest)
Fatawa Question
A customer has approached an Islamic bank, seeking to transfer his interest-based loan from a conventional bank to an Islamic bank with the desire to shun Riba (interest). The customer had borrowed the amount from conventional bank to acquire a residential property for his own dwelling purpose which has been mortgaged to the bank as security for the loan.
Fatwa
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Publisher
Publication Date
2013-10-02
Country of Publication
Malaysia
Main Subjects
Economics & Business Administration
Islamic Studies
Data Type
Fatawa
Language
English
Record ID
BIM-783614
American Psychological Association (APA)
Hassan, Husayn Hamid. 2013-10-02. A customer has approached an Islamic bank, seeking to transfer his interest-based loan from a conventional bank to an Islamic bank with the desire to shun Riba (interest). . Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783614
Modern Language Association (MLA)
Hassan, Husayn Hamid. A customer has approached an Islamic bank, seeking to transfer his interest-based loan from a conventional bank to an Islamic bank with the desire to shun Riba (interest). Kuala Lumpur Malaysia : Islamic Finance News. 2013-10-02.
https://search.emarefa.net/detail/BIM-783614
American Medical Association (AMA)
Hassan, Husayn Hamid. 2013-10-02. A customer has approached an Islamic bank, seeking to transfer his interest-based loan from a conventional bank to an Islamic bank with the desire to shun Riba (interest). Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783614
