Islamic banking windows : transacting with Islamic banking windows

Fatawa Question

Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh, Please shed me some light on transacting with 'Islamic banking windows' that are in operation within interest levying banking system. Here in our country some RIBA based banks are introducing Islamic financial products and deposit accounts. Is it allowed, according to Sharia Rules to transacts with these Islamic banking windows for their main business is not interest free. However the Islamic banking system is overseen by a board comprising Muslim theologians in the country. Jazakum Allahu Khairan for your constant help

Fatwa

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Publication Date

2007-08-15

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-787544

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