Fatawa Answer

Question: Devon Islamic Bank Murabaha Question

ID: 1762

Name: Dealings and Transactions

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,

 

Answer

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

 

Answered On: Thursday, Sep 14, 2023 | N/A

Answered By: Mufti Mohammed Ataur Rahman Sajid

Checked By: Mufti Mohammed Navalur Rahman