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Question ID: 1762 Category: Dealings and Transactions
Devon Islamic Bank Murabaha Question
Assalamo Alikum,
I am looking to purchase a house through Devon Islamic financing. I wanted to ask if the Shariah board has recently reviewed the Murabaha contract and if it is in line with Shariah requirements? JZK,
بسم اللہ الرحمن الرحیم
:الجواب وباللہ التوفیق
The initial arrangement of financing by Devon Bank was based on Shariah principles. However, it’s business operations are currently under review for re-evaluation.
والسلام