The Islamic Bank and the Islamic Investment Company in Sharjah
Machine translationRead the Arabic original
The questioner:
What is Your Eminence’s opinion regarding the Islamic Bank, or the Islamic Investment Company in the state of Sharjah, and investing in them?
The Shaykh:
We have studied them, and there is nothing wrong with them. There is nothing wrong with them. What we know about their company is that it is Islamic, and from you, that it is Islamic in Sharjah. This is what we know. The Islamic Trade Authority Council has decided by majority that there is nothing wrong with them.
The questioner:
Shaykh, may Allah reward you for your intention. If the matter is like this, meaning, when you buy the commodity, you can estimate its value in Abu Dhabi, it is a deficit.
The Shaykh:
If the transfer has come down to the market, listen to the market. Do not take risks. Go down to the market, and look at the Shaykh’s safety, and Abu Sa’id, and listen to what the people are doing in the market. Do not become a fool who is deceived by people.
The questioner:
Is that yours?
The Shaykh:
And if they deceive you and cheat you, you have the court. And with him, we love you. May Allah grant success to everyone.
What is Your Eminence’s opinion regarding the Islamic Bank, or the Islamic Investment Company in the state of Sharjah, and investing in them?
The Shaykh:
We have studied them, and there is nothing wrong with them. There is nothing wrong with them. What we know about their company is that it is Islamic, and from you, that it is Islamic in Sharjah. This is what we know. The Islamic Trade Authority Council has decided by majority that there is nothing wrong with them.
The questioner:
Shaykh, may Allah reward you for your intention. If the matter is like this, meaning, when you buy the commodity, you can estimate its value in Abu Dhabi, it is a deficit.
The Shaykh:
If the transfer has come down to the market, listen to the market. Do not take risks. Go down to the market, and look at the Shaykh’s safety, and Abu Sa’id, and listen to what the people are doing in the market. Do not become a fool who is deceived by people.
The questioner:
Is that yours?
The Shaykh:
And if they deceive you and cheat you, you have the court. And with him, we love you. May Allah grant success to everyone.
Source
ندوات الجامع الكبير مع الأسئلة - 37 — archive.org (7:29)
The Arabic text is a machine transcription of the audio recording.