Are the following Islamic Finance Products Shariah compliant?
Question
Can you please advise as to whether the following Islamic Finance Products are Shariah compliant (Permissable):
FNB Islamic Finance Cheque Account & Youth Account
FNB Islamic Finance Vehicle Finance
FNB Property Finance
Answer
We do not endorse any product. If you wish, you may show us the details of the products that you are not clear of. We will examine them and let you know whether it is permissible or not.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
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/1447
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-1447