[Am I accountable if the Islamic bank turns to be traditional]
Fatawa Question
As-salamu `Alaykum Dr. Monzer 1) If a person has some savings and tends to deal with an Islamic bank, is he accountable if this bank turns out to be similar to traditional banks in dealing with interest rates rather than real direct investments in the real economy ? 2) How can an average Muslim client check that the Islamic bank with which he deals is truly acting in its transactions in accordance with Islamic guidelines ? Should there be an institution which audits and gives accreditation to Islamic banks around the world so that people can be reassured that their transactions are correct from the Islamic point of view ? Jazakum Allah Kheir, Tarek.
Fatwa
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Publication Date
2012-03-20
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-733099
American Psychological Association (APA)
Qahf, Mundhir. 2012-03-20. [Am I accountable if the Islamic bank turns to be traditional]. .
https://search.emarefa.net/detail/BIM-733099
Modern Language Association (MLA)
Qahf, Mundhir. [Am I accountable if the Islamic bank turns to be traditional]. 2012-03-20.
https://search.emarefa.net/detail/BIM-733099
American Medical Association (AMA)
Qahf, Mundhir. 2012-03-20. [Am I accountable if the Islamic bank turns to be traditional].
https://search.emarefa.net/detail/BIM-733099
