Getting loans from banks while there are Islamic banks
Fatawa Question
I am a partner in a commercial transport company. The other partner is not Muslim. The company has been using bank loans with interest to finance purchase of vehicles. What I have to do to avoid Shari’ah violation ? for your information Islamic finance is more expensive and will not be accepted by my partner.
Fatwa
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Publication Date
2002-03-19
Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
- Banks
- Islamic jurisprudence
- Islamic economics
- Financing
- United Arab Emirates
- Bank loans
- Usury
- Partnerships
- Islamic Banks
Data Type
Fatawa
Language
English
Record ID
BIM-724607
American Psychological Association (APA)
Qahf, Mundhir. 2002-03-19. Getting loans from banks while there are Islamic banks. .
https://search.emarefa.net/detail/BIM-724607
Modern Language Association (MLA)
Qahf, Mundhir. Getting loans from banks while there are Islamic banks. 2002-03-19.
https://search.emarefa.net/detail/BIM-724607
American Medical Association (AMA)
Qahf, Mundhir. 2002-03-19. Getting loans from banks while there are Islamic banks.
https://search.emarefa.net/detail/BIM-724607
