Telling the profit on deposits in advance in Islamic banks
Fatawa Question
Some Islamic banks in Bangladesh counts the share of profit in advance. How is it possible when the business has not yet been started ? how can i be sure that this does not fall within the purview of interest ? Please educate me briefly about Islamic banking system and its system of making profit.
Fatwa
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Publication Date
2003-02-24
Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
- Islamic jurisprudence
- Islamic economics
- Financing
- Profits
- Investments
- Stocks
- Bangladesh
- Corporations
- Bank deposits
- Islamic Banks
Data Type
Fatawa
Language
English
Record ID
BIM-724694
American Psychological Association (APA)
Qahf, Mundhir. 2003-02-24. Telling the profit on deposits in advance in Islamic banks. .
https://search.emarefa.net/detail/BIM-724694
Modern Language Association (MLA)
Qahf, Mundhir. Telling the profit on deposits in advance in Islamic banks. 2003-02-24.
https://search.emarefa.net/detail/BIM-724694
American Medical Association (AMA)
Qahf, Mundhir. 2003-02-24. Telling the profit on deposits in advance in Islamic banks.
https://search.emarefa.net/detail/BIM-724694
