Loans, Tawarruq, discounting, financing of business : personal loan from an Islamic bank

Fatawa Question

Assalamu Alaykum Dr Kahf, Currently Dubai Islamic Bank has introduced personal loan similar to HSBC Amana. With my limited knowledge I don't see major differences. I understand HSBC Amana is a Tawarruq method. This is how DIB works Can I borrow money with the type of transaction mentioned in DIB website ? Barakalla Feeq Jazakallah Rifai

Fatwa

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Publication Date

2010-08-06

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-729696

American Psychological Association (APA)

Qahf, Mundhir. 2010-08-06. Loans, Tawarruq, discounting, financing of business : personal loan from an Islamic bank. .
https://search.emarefa.net/detail/BIM-729696

Modern Language Association (MLA)

Qahf, Mundhir. Loans, Tawarruq, discounting, financing of business : personal loan from an Islamic bank. 2010-08-06.
https://search.emarefa.net/detail/BIM-729696

American Medical Association (AMA)

Qahf, Mundhir. 2010-08-06. Loans, Tawarruq, discounting, financing of business : personal loan from an Islamic bank.
https://search.emarefa.net/detail/BIM-729696