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.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 20 No 12
- PDF page
- 2
Appears under Questions and Answers (approximate).