03-20-2009, 12:55 AM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by raja asad</i>
<br />Friends i've just bought shares of bank alfalah.
Does islam allow this investment?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
This transaction is a form of Mudarabah (bank is Mudarib) and is permitted in Islamic provided that Bank is not involved in any business which is against Islamic principles i.e. riba, gambling etc. Profit sharing structure may also affect the validity of transaction under Islamic law.
<br />Friends i've just bought shares of bank alfalah.
Does islam allow this investment?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
This transaction is a form of Mudarabah (bank is Mudarib) and is permitted in Islamic provided that Bank is not involved in any business which is against Islamic principles i.e. riba, gambling etc. Profit sharing structure may also affect the validity of transaction under Islamic law.
