Job In Trade Finance Banking As Compared To Corporate Banking
Thank you sir. I understand better. I do have one further technicality to focus on. We discussed the investments based on a clear plan presented by the customer. However, there are things that happen on regular basis in corporate banking such as 1) banks take deposits from Corporate clients and pay interest, 2) banks give overdraft facilities to corporate clients to provide short term general liquidity and charge interest3) banks provide general revolving loans for various tenors addresses to meet general corporate purpose requirements on interest. Please advise in the case of all these activities, a banker (who could be Muslim) is targeted to arrange deposits or arrange loans wherein the underlying purpose is “general” and not identifiable. In my understanding in reviewing Ghamdi Saheb, these activities are not Shariah compliant. Please advise