An Islamic bank intends to offer financing at preferential profit rates to its staff to help them purchase vehicles
Fatawa Question
An Islamic bank intends to offer financing at preferential profit rates to its staff to help them purchase vehicles. However, the preferential rate is intended to be applicable only during the employment tenor. Can the Islamic bank achieve this objective in a Shariah compliant manner ?
Fatwa
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Publisher
Publication Date
2014-07-23
Country of Publication
Malaysia
Main Subjects
Economics & Business Administration
Islamic Studies
Data Type
Fatawa
Language
English
Record ID
BIM-783523
American Psychological Association (APA)
Hassan, Husayn Hamid. 2014-07-23. An Islamic bank intends to offer financing at preferential profit rates to its staff to help them purchase vehicles. . Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783523
Modern Language Association (MLA)
Hassan, Husayn Hamid. An Islamic bank intends to offer financing at preferential profit rates to its staff to help them purchase vehicles. Kuala Lumpur Malaysia : Islamic Finance News. 2014-07-23.
https://search.emarefa.net/detail/BIM-783523
American Medical Association (AMA)
Hassan, Husayn Hamid. 2014-07-23. An Islamic bank intends to offer financing at preferential profit rates to its staff to help them purchase vehicles. Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783523
