How can usurious banks be dispensed with by using Mudarabah?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
The contract is শরعي (Islamically lawful), and it is an alternative to the usurious loan. In it, the Islamic bank partners with the client by taking a percentage of the profit instead of usurious interest. This contract, along with other شرعي (Islamically lawful) transactions such as (cost-plus sale) and (benevolent loan), eliminates the need for usurious dealings.
Summarized from the full answer at Ftawy · imported
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- 35089
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