Source of funds when offering Islamic finance
Fatawa Question
Salam Dr. Kahf. Would you please clarify one 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 purchased property but they borrows the money from fanny Mae or other American financial institutes would this be acceptable and Shari’ah compliant ? And is this what really happen or do I have misunderstanding about the issue ? In other words, where do 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 ? And what are the issues that I need to watch for when I deal with an Islamic bank and be Shari’ah compliance ? May Allah reward you. Jazaka Allahu Khayran ! 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-730836
American Psychological Association (APA)
Qahf, Mundhir. 2011-09-12. Source of funds when offering Islamic finance. .
https://search.emarefa.net/detail/BIM-730836
Modern Language Association (MLA)
Qahf, Mundhir. Source of funds when offering Islamic finance. 2011-09-12.
https://search.emarefa.net/detail/BIM-730836
American Medical Association (AMA)
Qahf, Mundhir. 2011-09-12. Source of funds when offering Islamic finance.
https://search.emarefa.net/detail/BIM-730836
