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ABSA Islamic finance

Answered as per Hanafi Fiqh by Muftionline.co.za

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

Bismillaah

A: 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)

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.