A company has sought financing from an Islamic bank
Fatawa Question
A company has sought financing from an Islamic bank. As stated by the company, the utilization is required for two purposes : To meet with working capital requirements, such as procurement of new IT system and other infrastructure-related expenditure besides payment of staff salaries. To repay conventional debt availed by the company as the owners would like to shun Riba (usury). Can the company’s above requirements be met in a Shariah compliant manner ?
Fatwa
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Publisher
Publication Date
2014-06-18
Country of Publication
Malaysia
Main Subjects
Economics & Business Administration
Islamic Studies
Data Type
Fatawa
Language
English
Record ID
BIM-783529
American Psychological Association (APA)
Hassan, Husayn Hamid. 2014-06-18. A company has sought financing from an Islamic bank. . Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783529
Modern Language Association (MLA)
Hassan, Husayn Hamid. A company has sought financing from an Islamic bank. Kuala Lumpur Malaysia : Islamic Finance News. 2014-06-18.
https://search.emarefa.net/detail/BIM-783529
American Medical Association (AMA)
Hassan, Husayn Hamid. 2014-06-18. A company has sought financing from an Islamic bank. Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783529
