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Is HSBC, CPI Shari’ah Compliant?

Answered as per Hanafi Fiqh by Askimam.org

Dear Imam,

Is this scheme shariah compatible??? Please check the link & give me your answer.

https://www.hsbc.lk/1/3/personal/credit-card/hsbc-credit-card-instalment-plan

Jazakallah

Answer

Answer:

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

In order for us to issue a ruling on the Shari’ah Compliancy of the contract in reference, Kindly provide a copy of the contractual documentation, HSBC, CPI loan for our review.

And Allah Ta’āla Knows Best

Ismail Desai,
Student Darul Iftaa
Durban, South Africa

Checked and Approved by,
Mufti Ebrahim Desai.

 

This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

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