Fatwa: # 23198
Category: Financial Transactions
Country: Qatar
Date: 22nd December 2019

Title

Please help me to know about Islamic Banking, theory, systems, etc.

Question

Please help me to know about Islamic Banking, theory, systems, etc. Also kindly provide address of organization or bank in Middle East which successfully adopted pure Islamic Banking theory

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

Muhtaram,

Islamic Finance and Economics is a vast field which requires a great amount of expertise and talent. It is therefore imperative that one who wishes to gain a good understanding and sound knowledge of the field that he study under the tutelage and supervision of an experienced and trusted scholar.

Alhamdulillah, Hazrath Mufti Ebrahim Desai Saheb (Damat Barakatuhum) is one of those experienced and learned scholars who have done extensive research in the field of Islamic Finance and Economics.

You may study his book entitled “Introduction to Islamic Commerce”. Kindly find an attached copy of the book.

Should you have any queries on Islamic Finance or anything else, you are most welcome to submit them to the Darul Iftaa email address at: admin@daruliftaa.net

And Allah Ta’āla Knows Best                                       

Ismail Desai,
Student Darul Iftaa
Durban, South Africa

Checked and Approved by,
Mufti Ebrahim Desai.

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