Darul Iftaa Mahmudiyyah

Is Wesbank Islamic finance Shariah compliant?

· 25 Rajab 1440 AH1 min readFatwa 42029English

Question

Assalamu alaykum

Is Westbank Islamic Finance permissible in Islam?

Jazakallahu Khayran

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

You may forward the wesbank/FNB finance contract to admin@daruliftaa.net and reference it to Aboobakr. We will study the contract and advise accordingly.

And Allah Ta’āla Knows Best

Aboobakr Siddeeq bin Mufti Amjad Mohammad

Student Darul Iftaa

Azaadville, Johannesburg, South Africa

Checked and Approved by,
Mufti Ebrahim Desai.

Answered by
Aboobakr Siddeeq bin Mufti Amjad Mohammad
Checked & approved by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/42029
Fatawa SA: https://fatawa.co.za/fatwa/askimam-42029

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