Recent Questions
-
Permissible and Impermissible
Zabiha halal restaurants in Makkah &...
-
Permissible and Impermissible
Costco Halal Beef
-
Marriage and Divorce
Khula without husband's consent
-
Adhkaar
Who to make dua for first?
-
Dealings and Transactions
Haram and halal
-
Knowledge
Best Books for Learning Sunnats
-
Zabiha and Hunting
Zabiha Halal
-
Marriage and Divorce
Nikkah while pregnant
-
Lifestyle
[Time sensitive] Modesty & HIjab...
-
Permissible and Impermissible
Teaching Question
Fatwa Answer
Question ID: 1762 Category: Dealings and Transactions
Devon Islamic Bank Murabaha Question
Assalamo Alikum,
I am looking to purchase a house through Devon Islamic financing. I wanted to ask if the Shariah board has recently reviewed the Murabaha contract and if it is in line with Shariah requirements? JZK,
بسم اللہ الرحمن الرحیم
:الجواب وباللہ التوفیق
The initial arrangement of financing by Devon Bank was based on Shariah principles. However, it’s business operations are currently under review for re-evaluation.
والسلام