Prohibition of Riba interest and its philosophy : Shari’ah compliance of Islamic finance when financed on Riba
Fatawa Question
Salam Dr. Kahf. Would you please clarify on thing for me regarding Shari’ah compliance ? I have an internal struggle and confusion. If an Islamic financial institute gives you a loan for a purchase of property but they borrowed the money from Fanny Mae or other American financial institutes, would this be acceptable and Shari’ah compliance ? And is this what really happen or do I have misunderstanding about the issue ? In other words, where the Islamic financial institutes get their money from ? Also, do you know of any Islamic institutes which they loan their own money ? Would you please elaborate on this issue and give me a piece of mind to deal with this mental fatigue ? May Allah reward you. Jazaka Allahu Khayran ! Thanks, Hashem
Fatwa
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Publication Date
2011-09-12
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-729662
American Psychological Association (APA)
Qahf, Mundhir. 2011-09-12. Prohibition of Riba interest and its philosophy : Shari’ah compliance of Islamic finance when financed on Riba. .
https://search.emarefa.net/detail/BIM-729662
Modern Language Association (MLA)
Qahf, Mundhir. Prohibition of Riba interest and its philosophy : Shari’ah compliance of Islamic finance when financed on Riba. 2011-09-12.
https://search.emarefa.net/detail/BIM-729662
American Medical Association (AMA)
Qahf, Mundhir. 2011-09-12. Prohibition of Riba interest and its philosophy : Shari’ah compliance of Islamic finance when financed on Riba.
https://search.emarefa.net/detail/BIM-729662
