A leasing company provides financing to small and medium-sized businesses wishing to acquire commercial vehicles, machinery and equipment
Fatawa Question
A leasing company provides financing to small and medium-sized businesses wishing to acquire commercial vehicles, machinery and equipment. The company has approached an Islamic bank seeking a funding line to be able to finance its customers as and when required from time to time. The leasing company agrees to contribute 25 % of any required funding and is seeking the Islamic bank to provide the balance amount. A suitable Shariah compliant structure is sought by the Islamic bank in order to achieve the above objective.
Fatwa
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Publisher
Publication Date
2014-04-09
Country of Publication
Malaysia
Main Subjects
Economics & Business Administration
Islamic Studies
Data Type
Fatawa
Language
English
Record ID
BIM-783564
American Psychological Association (APA)
Hassan, Husayn Hamid. 2014-04-09. A leasing company provides financing to small and medium-sized businesses wishing to acquire commercial vehicles, machinery and equipment. .
https://search.emarefa.net/detail/BIM-783564
Modern Language Association (MLA)
Hassan, Husayn Hamid. A leasing company provides financing to small and medium-sized businesses wishing to acquire commercial vehicles, machinery and equipment. 2014-04-09.
https://search.emarefa.net/detail/BIM-783564
American Medical Association (AMA)
Hassan, Husayn Hamid. 2014-04-09. A leasing company provides financing to small and medium-sized businesses wishing to acquire commercial vehicles, machinery and equipment.
https://search.emarefa.net/detail/BIM-783564
