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ABSA Bank

Answered as per Hanafi Fiqh by Mahmoodiyah

Question:

Is Absa Bank Islamic Banking Shari’ah compliant?


Answer:

 

 

According to our knowledge Absa bank’s Islamic Banking is Shari’ah compliant and Muslims can open such accounts.  They have their own Shari’ah Advisory Board to guide them.

P.S. We would like to apologise for the delay in answering your question as our phone lines were down for quite a while.  Please accept our apologies.

And Allah Ta’ala knows best

Mufti Muhammad Ashraf

Darul Iftaa

Jameah Mahmoodiyah

Springs

                  

15 February 2007

26 Muharram 1428

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