11-13-2009, 07:07 PM
@yasir_live
brother i am not a ISLAMIC SCHOLAR , but a sinful person...
as far as your question regarding ISLAMIC BANKING is concerned
as per my knowledge their core business is to invest in such business which would fetch them profit/loss which are allowed under SHARIAH
and the profit/loss is then distributed among BANK members
and if you see the organization structure of any islamic bank
they have a SHARIAH BOARD which includes several ISLAMIC SCHOLARS
and most of ISLAMIC BANKS had appointed MUFTI TAQI USMANI as chairman of SHARIAH BOARD....so it means all the business of ISLAMIC BANK is done with the consent of SHARIAH BOARD...
but plzzz what ever i have written above take this as my personal opinion and dont take it as FATWA...
you should also consult this matter with AUTHENTIC ISLAMIC SCHOLAR
Reagrds,
Muhammad Faizan Pasha
brother i am not a ISLAMIC SCHOLAR , but a sinful person...
as far as your question regarding ISLAMIC BANKING is concerned
as per my knowledge their core business is to invest in such business which would fetch them profit/loss which are allowed under SHARIAH
and the profit/loss is then distributed among BANK members
and if you see the organization structure of any islamic bank
they have a SHARIAH BOARD which includes several ISLAMIC SCHOLARS
and most of ISLAMIC BANKS had appointed MUFTI TAQI USMANI as chairman of SHARIAH BOARD....so it means all the business of ISLAMIC BANK is done with the consent of SHARIAH BOARD...
but plzzz what ever i have written above take this as my personal opinion and dont take it as FATWA...
you should also consult this matter with AUTHENTIC ISLAMIC SCHOLAR
Reagrds,
Muhammad Faizan Pasha