KT Bank Germany
Question
I would like to know if kt Bank ,based in Germany which has something
called a participation account is halal safe.
With thanks.
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu 'alaykum wa-rahmatullāhi wa-barakātuh.
Respected brother,
We are unaware of the Shariah status of KT bank and therefore cannot comment on the participation account without analysing their contracts. The information on their website is not sufficient for us to issue a ruling.
You may forward us the relevant contracts at [email protected] Ref: Muhammad Fayyaadh and we will advise accordingly.
And Allah Ta'āla Knows Best
Muhammad Fayyaadh
Student - Darul Iftaa
South Africa
Checked and Approved by,
Mufti Ebrahim Desai
- Answered by
- Muhammad Fayyaadh
- Checked & approved 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.