What is the Islamic legal ruling on documentary credits in major international trade transactions, and what is the ruling on dealing with them through a usurious bank if the seller stipulates that to the buyer?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
Summary of the :
The ruling on Documentary Credits was previously detailed in Fatwa no. 67801. If the documentary credit is of the permissible type, there is no objection to a usurious bank acting as an agent, if an Islamic bank is not available and there is a need to deal with the usurious bank.
Summarized from the full answer at Ftawy · imported
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- Ftawy
- Original fatwa ID
- 70750
- Imported
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