Asslam-o-Alikum,
I want to investment in Islami Bank, Pakistan.
Islami Bank, Pakistan offer to interest free policy.
Is right / wrong.
Please give a detail answer.
Answer
In the name of Allāh, Most Gracious, Most Merciful
Assalāmu ῾alaykum wa Rahmatullāhi Wabarakātuh
Kindly send us the details of the Bank which you intend investing in along with the contract of investment. Alternatively, you may contact your local Ulama’ in Pakistan.
And Allāh Ta῾āla Knows Best
Wassalāmu ῾alaykum
Ml. Abdur Rahman Shareef,
Student Dārul Iftā
Checked and Approved by:
Mufti Ebrahim Desai
Dārul Iftā, Madrasah In῾āmiyyah