عربي
22 Rabi al-Thani 1443  ,  27 November 2021

The General Iftaa` ... Date Added: 25-10-2020

Prophet Mohammad (PBUH) ... Date Added: 24-09-2020

Statement on the so-Called ... Date Added: 30-01-2020

Ijtihad & Taqlid Date Added: 27-01-2020

The Family and Ramadan Date Added: 26-04-2021

The Pandemic Absolves a ... Date Added: 15-03-2021

Forbearance is the Basis ... Date Added: 04-01-2021

The Participation in ... Date Added: 11-11-2020

Search Fatawaa


Subject : Ruling on "The Draft System of the Funding Contracts which aren`t Based on Interest" at the Cities and Villages Development Bank

Fatwa Number : 2841

Date : 05-08-2013

Classified : Current Financial Issues

Fatwa Type : Search Fatawaa


Question :

What is the ruling of Sharia on "The Draft System of the Funding Contracts which aren`t Based on Interest" at the Cities and Villages Development Bank?



The Answer :

All perfect praise be to Allah the Lord of the Worlds. May His peace and blessings be upon our Prophet Mohammad and upon all his family and companions. 

The Fatwa Committee of the General Iftaa` Department has reviewed the above draft system sent from His Excellency the Director of the Legislation & Opinion Bureau for studying and clarifying the ruling of Sharia regarding it. After careful consideration, it was found out that the above draft system is compliant with the rulings and regulations of Sharia. And Allah the Almighty knows best.




Comments

 

Name *

E. mail Address *

Country

Comment Title *

Comment *

 
 

Warning: this window is not dedicated to receive religious questions, but to comment on topics published for the benefit of the site administrators—and not for publication. We are pleased to receive religious questions in the section "Send Your Question". So we apologize to readers for not answering any questions through this window of "Comments" for the sake of work organization. Thank you.