The Majlis Archive

Finance - Banking - Business The Majlis Vol 20 No 12, p.2

Is the dividend paid by an Islamic bank halaal profit?

Question

Is the dividend paid by an Islamic bank halaal profit?

Answer

Whether the bank calls it 'dividend' or 'profit', it is haraam riba/interest. There is no such thing as an Islamic bank. All these so-called 'Islamic' banks are capitalist riba banks which hoodwink the ignorant and the unwary with Islamic nomenclature.

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The Majlis Vol 20 No 12
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