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Are the following Islamic Finance Products Shariah compliant?

Answered as per Hanafi Fiqh by Muftionline.co.za

Q: Can you please advise as to whether the following Islamic Finance Products are Shariah compliant (Permissable):

  1. FNB Islamic Finance Cheque Account & Youth Account
  2. FNB Islamic Finance Vehicle Finance
  3. FNB Property Finance

Bismillaah

A: We do not endorse any product. If you wish, you may show us the details of the products that you are not clear of. We will examine them and let you know whether it is permissible or not.

 

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.

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