In view of repeated requests from various customers, an Islamic bank has sought Shariah guidance in order to assess whether it can introduce an overdraft facility to its valued customers for certain required periods against an agreed fee
Fatawa Question
In view of repeated requests from various customers, an Islamic bank has sought Shariah guidance in order to assess whether it can introduce an overdraft facility to its valued customers for certain required periods against an agreed fee. Under such a facility the bank will allow the customers to overdraw the amounts from their current account under a pre-approved limit and fee.
Fatwa
Click hereto view more
Publisher
Publication Date
2014-07-02
Country of Publication
Malaysia
Main Subjects
Economics & Business Administration
Islamic Studies
Data Type
Fatawa
Language
English
Record ID
BIM-783527
American Psychological Association (APA)
Hassan, Husayn Hamid. 2014-07-02. In view of repeated requests from various customers, an Islamic bank has sought Shariah guidance in order to assess whether it can introduce an overdraft facility to its valued customers for certain required periods against an agreed fee. . Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783527
Modern Language Association (MLA)
Hassan, Husayn Hamid. In view of repeated requests from various customers, an Islamic bank has sought Shariah guidance in order to assess whether it can introduce an overdraft facility to its valued customers for certain required periods against an agreed fee. Kuala Lumpur Malaysia : Islamic Finance News. 2014-07-02.
https://search.emarefa.net/detail/BIM-783527
American Medical Association (AMA)
Hassan, Husayn Hamid. 2014-07-02. In view of repeated requests from various customers, an Islamic bank has sought Shariah guidance in order to assess whether it can introduce an overdraft facility to its valued customers for certain required periods against an agreed fee. Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783527
