Darul Iftaa Mahmudiyyah

Asslam-o-Alikum, I want to investment in Islami Bank, Pakistan. Islami Bank, Pakistan offer to interest free policy. Is right / wrong. Please give a detail answer.

· 17 Rajab 1431 AH1 min readFatwa 18776English

Question

Asslam-o-Alikum,

I want to investment in Islami Bank, Pakistan.

Islami Bank, Pakistan offer to interest free policy.

Is right / wrong.

Please give a detail answer.

Answer

In the name of Allāh, Most Gracious, Most Merciful

Assalāmu ῾alaykum wa Rahmatullāhi Wabarakātuh

Kindly send us the details of the Bank which you intend investing in along with the contract of investment. Alternatively, you may contact your local Ulama’ in Pakistan.

And Allāh Ta῾āla Knows Best

Wassalāmu ῾alaykum

Ml. Abdur Rahman Shareef,

Student Dārul Iftā

Checked and Approved by:

Mufti Ebrahim Desai

Dārul Iftā, Madrasah In῾āmiyyah

Answered by
Ml. Abdur Rahman Shareef
Checked & approved by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/18776
Fatawa SA: https://fatawa.co.za/fatwa/askimam-18776

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