A customer of an Islamic bank wants to construct a school building for which he has requested the Islamic bank for finance

Fatawa Question

A customer of an Islamic bank wants to construct a school building for which he has requested the Islamic bank for finance. The land whereupon the building will be constructed is not owned by the customer but taken by him on a long-term lease from the government. A Shariah compliant structure is sought which enables the Islamic bank to finance the customer.

Fatwa

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Publisher

Islamic Finance News

Publication Date

2014-07-16

Country of Publication

Malaysia

Main Subjects

Economics & Business Administration
Islamic Studies

Data Type

Fatawa

Language

English

Record ID

BIM-783524

American Psychological Association (APA)

Hassan, Husayn Hamid. 2014-07-16. A customer of an Islamic bank wants to construct a school building for which he has requested the Islamic bank for finance. . Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783524

Modern Language Association (MLA)

Hassan, Husayn Hamid. A customer of an Islamic bank wants to construct a school building for which he has requested the Islamic bank for finance. Kuala Lumpur Malaysia : Islamic Finance News. 2014-07-16.
https://search.emarefa.net/detail/BIM-783524

American Medical Association (AMA)

Hassan, Husayn Hamid. 2014-07-16. A customer of an Islamic bank wants to construct a school building for which he has requested the Islamic bank for finance. Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783524