A customer has approached an Islamic bank seeking finance to purchase a property which is mortgaged to a conventional bank against conventional loan payable by the owner of the property

Fatawa Question

A customer has approached an Islamic bank seeking finance to purchase a property which is mortgaged to a conventional bank against conventional loan payable by the owner of the property. Shariah guidance is sought on how the Islamic bank can finance the purchase of the mortgaged property for its customer.

Fatwa

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Publisher

Islamic Finance News

Publication Date

2013-07-31

Country of Publication

Malaysia

Main Subjects

Economics & Business Administration
Islamic Studies

Data Type

Fatawa

Language

English

Record ID

BIM-784603

American Psychological Association (APA)

Hassan, Husayn Hamid. 2013-07-31. A customer has approached an Islamic bank seeking finance to purchase a property which is mortgaged to a conventional bank against conventional loan payable by the owner of the property. . Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-784603

Modern Language Association (MLA)

Hassan, Husayn Hamid. A customer has approached an Islamic bank seeking finance to purchase a property which is mortgaged to a conventional bank against conventional loan payable by the owner of the property. Kuala Lumpur Malaysia : Islamic Finance News. 2013-07-31.
https://search.emarefa.net/detail/BIM-784603

American Medical Association (AMA)

Hassan, Husayn Hamid. 2013-07-31. A customer has approached an Islamic bank seeking finance to purchase a property which is mortgaged to a conventional bank against conventional loan payable by the owner of the property. Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-784603