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
This Q&A was indexed in 2012 from the website of Jameah Mahmoodiyah, South Africa. The original website no longer exists.