Lessons from the Birth ... Date Added: 19-11-2018

The Day of Ashura' Date Added: 19-09-2018

Inspirations from Hijrah Date Added: 16-09-2018

General Iftaa` Department ... Date Added: 06-09-2018

The Four Schools of Islamic ... Date Added: 30-09-2019

The Culture of Building Date Added: 03-02-2019

Mawlid: Revival of the ... Date Added: 19-11-2018

Glimpses on the Birth of ... Date Added: 19-11-2018

Search Fatawaa


Fatwa Number : 3557

Subject : Islamic Ruling on Financial Leasing Offered by Cities & Villages Development Bank

Classified :

Fatwa Type : Search Fatawaa


Question :

What is the ruling of Sharia on financial leasing contract (movable property) offered by Cities & Villages Development Bank; see attached copy?



 



The Answer :

Praise be to Allah, The Lord of the Worlds.

Having examined the above contract, it was made clear that it doesn`t contain any violations of Sharia; however, both parties, in addition to the company`s board, are responsible for the correct application of the contract.

We advise clients to read this contract carefully before signing it to be aware of the liabilities. And Allah, The Almighty knows best. 



 





Comments

 

Name *

E. mail Address *

Country

Comment Title *

Comment *

 
 

Warning: this window is not dedicated to receive religious questions, but to comment on topics published for the benefit of the site administrators—and not for publication. We are pleased to receive religious questions in the section "Send Your Question". So we apologize to readers for not answering any questions through this window of "Comments" for the sake of work organization. Thank you.