What is the ruling on dealing with the Islamic bank? Where the bank acts as the guarantor for the purchase of a bus, for example.
Machine translationRead the Arabic original
The Shaykh : Yes.
The questioner : Peace be upon you
The Shaykh : And upon you be peace
The questioner : My brother, regarding the loan in the Islamic bank instead of a guarantor for the purchase of a bus, is it permissible?
The Shaykh : What does the Islamic bank have to do with this guarantee?
The questioner : So that it buys us a bus.
The Shaykh : Who buys it?
The questioner : The Islamic bank.
The Shaykh : Do not deal with the Islamic bank because they take money through riba (usury or interest).
The questioner : Yes, it is not permissible.
The Shaykh : No, it is not permissible.
The questioner : May Allah honor you.
The Shaykh : Welcome.
The questioner : Well, a benevolent loan is permissible.
The Shaykh : Where is the benevolent loan today?
The questioner : Ah
The Shaykh : Where is the benevolent loan?
The questioner : In the Islamic bank.
The Shaykh : This is talk about talk.
The questioner : Peace be upon you
The Shaykh : And upon you be peace
The questioner : My brother, regarding the loan in the Islamic bank instead of a guarantor for the purchase of a bus, is it permissible?
The Shaykh : What does the Islamic bank have to do with this guarantee?
The questioner : So that it buys us a bus.
The Shaykh : Who buys it?
The questioner : The Islamic bank.
The Shaykh : Do not deal with the Islamic bank because they take money through riba (usury or interest).
The questioner : Yes, it is not permissible.
The Shaykh : No, it is not permissible.
The questioner : May Allah honor you.
The Shaykh : Welcome.
The questioner : Well, a benevolent loan is permissible.
The Shaykh : Where is the benevolent loan today?
The questioner : Ah
The Shaykh : Where is the benevolent loan?
The questioner : In the Islamic bank.
The Shaykh : This is talk about talk.
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.