Question Summary: Is HSBC, CPI Shari’ah Compliant? Question Detail:
Dear Imam, Is this scheme shariah compatible??? Please check the link & give me your answer. https://www.hsbc.lk/1/3/personal/credit-card/hsbc-credit-card-instalment-plan Jazakallah
Answer :
Answer: In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. In order for us to issue a ruling on the Shari’ah Compliancy of the contract in reference, Kindly provide a copy of the contractual documentation, HSBC, CPI loan for our review. 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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