Transactions confused with interest : free overdrafts, are they permissible ?
Fatawa Question
It is the practice of many of the banks in my country to offer an interest free overdraft to students as an incentive to open a bank account with them. Could you advise as to what the position of the Shari’ah is regarding Muslims accepting such overdrafts. Jazaka Allahu Khair in advance.
Fatwa
Click hereto view more
Publication Date
2002-01-09
Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-726611
American Psychological Association (APA)
Qahf, Mundhir. 2002-01-09. Transactions confused with interest : free overdrafts, are they permissible ?. .
https://search.emarefa.net/detail/BIM-726611
Modern Language Association (MLA)
Qahf, Mundhir. Transactions confused with interest : free overdrafts, are they permissible ?. 2002-01-09.
https://search.emarefa.net/detail/BIM-726611
American Medical Association (AMA)
Qahf, Mundhir. 2002-01-09. Transactions confused with interest : free overdrafts, are they permissible ?.
https://search.emarefa.net/detail/BIM-726611
