Fatwa #420291 April 2019South Africa

Is Wesbank Islamic finance Shariah compliant?

Answered by Aboobakr Siddeeq bin Mufti Amjad MohammadChecked by Mufti Ebrahim Desai

Question

Assalamu alaykum

Is Westbank Islamic Finance permissible in Islam?

Jazakallahu Khayran

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

You may forward the wesbank/FNB finance contract to admin@daruliftaa.net and reference it to Aboobakr. We will study the contract and advise accordingly.

And Allah Ta’āla Knows Best

Aboobakr Siddeeq bin Mufti Amjad Mohammad

Student Darul Iftaa

Azaadville, Johannesburg, South Africa

Checked and Approved by,
Mufti Ebrahim Desai.

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