Ali has approached an Islamic bank with a request to assist him to buy out the shares of his minority partner Akram in a running foodstuff business
Fatawa Question
Ali has approached an Islamic bank with a request to assist him to buy out the shares of his minority partner Akram in a running foodstuff business. He cannot meet with the demand of Akram for full down payment for the value of shares and is requesting the bank to finance him for the purpose and that he would pay back the financed amount to the bank in three years by way of quarterly installments. The bank has sought Shariah guidance as to whether it could finance Ali Islamically to acquire the shares.
Fatwa
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Publisher
Publication Date
2014-04-16
Country of Publication
Malaysia
Main Subjects
Economics & Business Administration
Islamic Studies
Data Type
Fatawa
Language
English
Record ID
BIM-783561
American Psychological Association (APA)
Hassan, Husayn Hamid. 2014-04-16. Ali has approached an Islamic bank with a request to assist him to buy out the shares of his minority partner Akram in a running foodstuff business. . Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783561
Modern Language Association (MLA)
Hassan, Husayn Hamid. Ali has approached an Islamic bank with a request to assist him to buy out the shares of his minority partner Akram in a running foodstuff business. Kuala Lumpur Malaysia : Islamic Finance News. 2014-04-16.
https://search.emarefa.net/detail/BIM-783561
American Medical Association (AMA)
Hassan, Husayn Hamid. 2014-04-16. Ali has approached an Islamic bank with a request to assist him to buy out the shares of his minority partner Akram in a running foodstuff business. Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783561
