Fatwa: # 18776
Category: Misc. Fiqh
Country: Pakistan
Date: 29th June 2010

Title

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.

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

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