Tuesday, June 4, 2013

Fathwa Article, - Bank is entitled to refuse investments of those whose income is doubtful

Question
salam.. The bank refuse investment from certain individuals and
companies whose income is questionable. Isit shariah compliant or not?
Answer
All perfect praise be to Allaah, The Lord of the Worlds. I testify
that there is none worthy of worship except Allaah, and that Muhammad
, is His Slave and Messenger.
The Bank or any other entity cannot be blamed for refusing to deal
with whomever it has doubts about the lawfulness of his money,
especially if its doubt is based on a proof. Even if the bank has no
doubt about one'smoney, it is not obliged to deal with every
individual or company that wants to deal with it.
If that is what you have meant in your question, then we have pointed
it out and if you mean something else, please explain it to us so that
wemay answer you.
Allaah Knows best.

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