Job In Trade Finance Banking As Compared To Corporate Banking
Sir can you please refer to the source by Dr Ghamdi where he says such financing from bank, it’s employees and it’s owners point of view is allowed in Islam. I have copied my guiding link from his talk https://youtu.be/Go0FkYRsWog?si=o60MkP0rBnT_hKsU
1. there are two opinions. Some consider the amount deposited by the client as a loan, in that case, the profit a bank pays is usury. The second opinion suggests that the client invests with the bank based on principle secured investment, in this case, the profit it generates is profit, not usury. you can make your choice here. 2. I do not understand it well technically. However, the principle is, that if it is a loan, the internet is usury. 3. I am not sure about the nature of this transaction, whether it is an investment made by the bank or simply a loan and the bank has no concern about how the money is used. @UmerQureshi saheb might help here.