Mufti Online — Madrasah Ta'leemuddeen

ABSA Islamic finance

· 3 Jumada II 1436 AH1 min readEnglish

Question

Can I purchase a vehicle through ABSA Islamic Finance or through any other banks Islamic facilities?

Answer

From the understanding we have of the various so called Islamic banks, we do not see their systems to be in conformity with shar`ee requirements. Hence, we cannot guarantee their workings.

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

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/10029
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-10029

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