Financing when you don’t have Islamic banks
Fatawa Question
Dear Sheik, we're living in an economy that runs through the function of interests. We don't have an Islamic bank in this country yet. Although we have some Islamic institutions assisting us to acquire a house through what they called "the Islamic way", they claimed to file to the government the conventional way. That means that they must assign a rate to the amount of loan they gave to clients. Therefore, what's the difference ? please shed some light in this matter. Thanks.
Fatwa
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Publication Date
2002-02-19
Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
Data Type
Fatawa
Language
English
Record ID
BIM-724622
American Psychological Association (APA)
Qahf, Mundhir. 2002-02-19. Financing when you don’t have Islamic banks. .
https://search.emarefa.net/detail/BIM-724622
Modern Language Association (MLA)
Qahf, Mundhir. Financing when you don’t have Islamic banks. 2002-02-19.
https://search.emarefa.net/detail/BIM-724622
American Medical Association (AMA)
Qahf, Mundhir. 2002-02-19. Financing when you don’t have Islamic banks.
https://search.emarefa.net/detail/BIM-724622
