Home

Main Menu

Sections

 
If banking is based on interest-free transactions, what would be its basic practical shape in conformity with the Injunctions of Islam? PDF Print E-mail

Q: If banking is based on interest-free transactions, what would be its basic practical shape in conformity with the Injunctions of Islam?

A: Practically, the interest-free banking system can be structured on tripartite arrangement, between depositors, banks and borrowers. The nature of arrangement will vary in different cases as summarised below:

Contemporary fatawaa

 
 

Who's Online

We have 95 guests online