Interest finance under cover ! : financing a mosque project

Fatawa Question

[Question One] : Alsalmo Alikom Wa Rahamto Allah Wabarakatoh We have established a local Islamic Waqf for our community at 1998 through which we were able to start a cultural center to provide the community at large with clear and honest picture of the Islamic culture. We are in the final phase of finishing this project (www.noorusa.com ). We are looking for a financial consultant who has a good background of Islamic and modern finance to help us to establish an Islamic contract with an American bank since many of them are showing the willing to accept Islamic contract. We are also looking for help in answering some question related to the nature of the Islamic contracts. These questions came as a result of our needs to borrow some money form an American bank which is willing to sign an Islamic contract. We believe that answering these questions will help us developing his contract thanks a lot… [Question Two] : I hope you are doing fine. AIW had an agreement with one of the banks to buy and sell gold through another party as you can see in the summary letter. Attached is the contract between us and a third party. Please advice us… … For full Fatwa, download the PDF

Fatwa

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Publication Date

2006-12-07

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

4

Data Type

Fatawa

Language

English

Record ID

BIM-790450

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