What is the compliancy status of FNB's Islamic Finance for:
Question
What is the compliancy status of FNB's Islamic Finance for:
Loans [vehicle & home]
Deposits eg. Islamic Finance cheque account in which a profit accrues.
Answer
In the name of Allah, Most Gracious, Most Merciful
Assalaamu `alaykum waRahmatullahi Wabarakatoh
The Darul Ifta has approved only the car finance product of FNB based on the ijarah product.
And Allah knows best
Wassalam
Mufti Ebrahim Desai
Darul Iftaa
- Answered by
- Mufti Ebrahim Desai
Fatawa SA is an independent, read-only index of fatawa already published by Darul Iftaa Mahmudiyyah (AskImam). It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.