Is it acceptable to take a shariah compliant loan arranged by the financing Sharia enterprise ?

Fatawa Question

The government backed start up loans company is offering a shariah compliant loan to customers wanting a Halal alternative. The Shariah compliant loan is being arranged by the financing Sharia enterprise and from their website it appears they are using the Mudaraba system. Is this acceptable according to shariah ?

Fatwa

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Publisher

al-Qalam Shariah Scholar Panel

Publication Date

2014-07-03

Country of Publication

United Kingdom

Main Subjects

Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-726996

American Psychological Association (APA)

al-Qalam Shariah Scholar Panel (Manchester, England). 2014-07-03. Is it acceptable to take a shariah compliant loan arranged by the financing Sharia enterprise ?. . Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-726996

Modern Language Association (MLA)

al-Qalam Shariah Scholar Panel (Manchester, England). Is it acceptable to take a shariah compliant loan arranged by the financing Sharia enterprise ?. Manchester England : al-Qalam Shariah Scholar Panel. 2014-07-03.
https://search.emarefa.net/detail/BIM-726996

American Medical Association (AMA)

al-Qalam Shariah Scholar Panel (Manchester, England). 2014-07-03. Is it acceptable to take a shariah compliant loan arranged by the financing Sharia enterprise ?. Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-726996