The Majlis Archive

Finance - Banking - Business The Majlis Vol 23 No 12, p.5

Are any business deals of the Islamic banks permissible?

Question

Are any business deals of the Islamic banks permissible?

Answer

All investment schemes offered by the banks and halaalized by their mercenary 'shariah' boards are riba dealings.

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Published in
The Majlis Vol 23 No 12
PDF page
5

Appears under BEVERAGES AND THE HADHRATS (approximate).

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