Fatwa #2251527 September 2012Sri Lanka
Is HSBC, CPI Shari'ah Compliant?
Question
Dear Imam,
Is this scheme shariah compatible??? Please check the link & give me your answer.
https://www.hsbc.lk/1/3/personal/credit-card/hsbc-credit-card-instalment-plan
Jazakallah
Answer
Answer:
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
In order for us to issue a ruling on the Shari’ah Compliancy of the contract in reference, Kindly provide a copy of the contractual documentation, HSBC, CPI loan for our review.
And Allah Ta’āla Knows Best
Ismail Desai,
Student Darul Iftaa
Durban, South Africa
Checked and Approved by,
Mufti Ebrahim Desai.