FINANCE IN FATEMI TAYYIBI DOCTRINE:Part 1 -How to Avoid Riba (Interest) in Modern Financial Dealings

In the futureâ&#x20AC;Ś We will continue to communicate to Mumineen with clarity. We will provide advice onÂ the use of specific banking and investment products like deposit accounts, loans, bills of exchange / discounted notes, lease finance, equity and equity-linked securities, debt instruments and insurance products. For more information, or if you have any questions, please write to info@fatemidawat.com. Over the next few weeks, we will publish specific detailed guidance on: 1. Debt, 2. Insurance, 3. Equities, 4. Derivatives, 5. Other modern financial transactions in the light of the principles of Fatemi Tayyibi finance

FINANCE IN FATEMI TAYYIBI DOCTRINE:Part 1 -How to Avoid Riba (Interest) in Modern Financial Dealings

Published on Sep 17, 2016

Fatemi Dawat

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We are pleased to present the section article in this series which explains a selection of ideas from the PhD thesis submitted to the University of Manchester by Shehzada Dr Abdeali Bhaisaheb ibn Syedna Khuzaima Qutbuddin RA. (The PhD was completed in 2003 with the raza and doa Mubarak of Syedna Mohammed Burhanuddin RA). In this article are the following sections: Section 1: What exactly is riba and why is it haraam? Section 2: How can we transform a riba transaction, which is haraam, into a trade transaction, which is halaal, through the ‘Ina contract? Section 3: Are there instances of Aimmat Tahereen and Duat Mutlaqeen endorsing ‘Ina and employing the ‘Ina contract? Section 4: How can the ‘Ina contract be applied in the world of modern banking? (C) FatemiDawat.com 2016

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