Prohibition of Riba interest and its philosophy : view on Islamic bank of Britain

Fatawa Question

Assalamu Alaikum Dr. Kahf, I recently read your article on IslamOnline.net, titled "the global financial crisis : ideas for long term solutions : short notes", translated by Dr. Ahmed El-Gharbawi. Masha Allah it was very interesting. I have also come to know that you have great knowledge on a wide range of subjects like, Islamic banking, finance, economics, and Islamic transactions (Mu`amalat), to name but a few. That is why I was wondering if you could kindly enough share your opinion on the Halalness of Islamic Bank of Britain-they use terms such as Wakalah, Murabahah, Mudarabah, Qard and Musharakah, to name a few. I look forward to your reply, Wassalam

Fatwa

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Publication Date

2009-04-30

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

• Islamic jurisprudence
• Financial crises
• Financing
• Islamic Banks

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-729575

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