Fatwa favoring Islamic banking issued by Jamia Darul Uloom, Karachi

October 27th, 2008

In the recent past, there have been certain news items in the local newspapers questioning the current practices of Islamic Banking in Pakistan. Recently, Jamia Dar ul Uloom Karachi has issued a Fatwa in this regard, signed by eminent Islamic scholars including Maulana Taqi Usmani, which we are attaching for your information. This Fatwa confirms that the practices of Islamic Banks that are working under the supervision of accredited scholars are in line with the rules of Islamic Shariah.

Fatwa on Islamic Banking