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Islamic Finance & Banking

8 posts
  • Islamic Finance & Banking
  • Q&A

Is it permissible to open a current account in a conventional bank?

Question: Is it permissible to open a current account in a conventional bank? [Question Published as Received] The Fatwa In the Name of Allah, the Most Gracious, the Most Merciful…
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  • Islamic Finance & Banking
  • Q&A

Using an offset mortgage with equal savings to the loan value

Question:  Could I take out an offset mortgage whereby i would avoid paying any interest on the loan if i’m certain that my savings will always be equal to or…
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  • Commerce, Finance & Investments
  • Islamic Finance & Banking
  • Q&A

What makes a contract Shari’ah compliant?

Question: What are the requirements for a valid contract to be Shari’ah compliant and valid? Answer: In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi…
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  • Commerce, Finance & Investments
  • Islamic Finance & Banking
  • Q&A
  • Uncategorized

I am having difficulty paying for a car I purchased on credit. What are my options?

Question: I purchased a car on credit & now find it difficult to pay? I paid £1000 and have £9000 remaining? What do I do? What options does Shariah give…
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  • Commerce, Finance & Investments
  • Islamic Finance & Banking
  • Q&A

Are there any Halal and Shariah compliant mortgages in the United Kingdom?

Question: Are there any halal and Shariah compliant mortgages in the United Kingdom? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer:…
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  • Commerce, Finance & Investments
  • Islamic Finance & Banking
  • Q&A
  • Uncategorized

Can a Lender Demand A Loan Repayment Prior to Maturity?

Question: Can a Lender Demand A Loan Repayment Prior to Maturity? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer: According to…
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  • Commerce, Finance & Investments
  • Islamic Finance & Banking
  • Q&A

Is it Permissible to Purchase a House Via Al Rayan Bank?

Question: Is it Permissible to Purchase a House Via Al Rayan Bank? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer: The…
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  • Islamic Finance & Banking
  • Q&A

Are there any Halal and Shariah compliant mortgages in the United Kingdom?

Question: Are there any halal and Shariah compliant mortgages in the United Kingdom? In the Name of Allah, the Most Gracious, the Most Merciful.As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer: It…
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