Darul Iftaa Mahmudiyyah

What is the compliancy status of FNB's Islamic Finance for:

· 25 Safar 1428 AH1 min readFatwa 14984English

Question

What is the compliancy status of FNB's Islamic Finance for:

Loans [vehicle & home]

Deposits eg. Islamic Finance cheque account in which a profit accrues.

Answer

In the name of Allah, Most Gracious, Most Merciful

Assalaamu `alaykum waRahmatullahi Wabarakatoh

The Darul Ifta has approved only the car finance product of FNB based on the ijarah product.

And Allah knows best

Wassalam

Mufti Ebrahim Desai
Darul Iftaa

Answered by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/14984
Fatawa SA: https://fatawa.co.za/fatwa/askimam-14984

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