Islamic Banking

Answered according to Hanafi Fiqh by

Q: What are the rules for Islamic banking? Please explain.


A: There are many kitaabs prepared on the subject of islamic banking, but since it is not possible for the layman to fully comprehend the concepts, principles and influencing factors in regard to the various modes of finance in islamic banking, we advise that for every transaction one intends embarking on he refer to a qualified Aalim who is knowledgeable in this field.

And Allah Ta’ala (الله تعالى) knows best.


Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)