ABSA Islamic finance

· 3 Jumada II 1436 AH1 min readEnglish
Business and DealingsIslamic Finance

Question

Can I purchase a vehicle through ABSA Islamic Finance or through any other banks Islamic facilities?

Answer

From the understanding we have of the various so called Islamic banks, we do not see their systems to be in conformity with shar`ee requirements. Hence, we cannot guarantee their workings.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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