Getting financing from Islamic banks
Fatawa Question
Al Salam Alaikum. Is it acceptable to deal with Islamic bank for finishing our home which is under construction and in this economic situation we live in Palestine we can not finish it ? So I heard that the bank will buy construction materials and we pay in installments. Please tell me if this is acceptable or not. Notes Islamic bank which i mention is called Islamic Cairo Amman bank, or other Islamic banks in Palestine. We are in need to complete our house as we r living in rented old house, and since 8 months we did not do anything in our new house.
Fatwa
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Publication Date
2001-02-19
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
Data Type
Fatawa
Language
English
Record ID
BIM-724715
American Psychological Association (APA)
Qahf, Mundhir. 2001-02-19. Getting financing from Islamic banks. .
https://search.emarefa.net/detail/BIM-724715
Modern Language Association (MLA)
Qahf, Mundhir. Getting financing from Islamic banks. 2001-02-19.
https://search.emarefa.net/detail/BIM-724715
American Medical Association (AMA)
Qahf, Mundhir. 2001-02-19. Getting financing from Islamic banks.
https://search.emarefa.net/detail/BIM-724715
