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    Request for Beginner’s Books on Islamic Finance

    @darlingdaughter Aleykum selam, Islamic Finance or Islamic trading and contract rules (muamelat/tijarah)? Which language? Which madhab? Unfortunately there are not that many english ressources for trading rules. I am in the same boat.
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    Are Islamic banks compliant with Islamic law behind the scenes?

    @walkingwiththelord No, only their bank account and debit card is halal.
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    Are Islamic banks compliant with Islamic law behind the scenes?

    @iamjezreel KT-Bank in Germany.
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    Are Islamic banks compliant with Islamic law behind the scenes?

    @infomommax Hello, it depends on the activity. I know one with a halal bank account, but when it comes to a mortgage they use tricks.
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    Are Islamic banks compliant with Islamic law behind the scenes?

    @daisies89 Did he lend money to Jews, who were known that they use borrowed money to lend it out to others with Riba? Did he agree on the condition, that the Jew is allowed to do so?
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    Are Islamic banks compliant with Islamic law behind the scenes?

    @daisies89 It is not just preferable, it is compulsory to do so. I am not in the position to come up with rulings. Scholars and experts (who speak with scholars) tell so.
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    Are Islamic banks compliant with Islamic law behind the scenes?

    @xypnios Some scholars say that we are not allowed to work for a bank. No matter what your job is, even as a cleaner. Some say that you can, as long as you are not directly involved in Riba transactions. I would prefer the first opinion, because no matter what your job in the bank is, you are...
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    Are Islamic banks compliant with Islamic law behind the scenes?

    @eternallykeptbyjesus It is an Islamic bank in Germany (KT-Bank). They also "lend" money, so they need a bank license. They do not use normal customer funds. I think they use fixed-term deposits and maybe get money from their parent company (Kuveyt Türk, which is mostly owned by Kuwait Finance...
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    Are Islamic banks compliant with Islamic law behind the scenes?

    @eternallykeptbyjesus No, there are Islamic banks which do not use the funds of customers for anything, like conventional banks are doing.
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    The Halal Investment Conundrum: Companies with Clean Financials and Permissible Products, Albeit with Haram Terminal Applications

    @unknown404 Good point. What is also never taken into account are the contracts of the companies. Yes, a "simple" contract can also be haram or fasid. With some companies, I wouldn't be surprised if many of their contracts are like this.
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    Are Islamic banks compliant with Islamic law behind the scenes?

    @prouddada Sure. In Surah Maidah verse 2, Allah tells us: "And cooperate in righteousness and piety, but do not cooperate in sin and aggression."
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    Chase Pay Over Time

    @sweetpsalmist You can agree on a delayed payment with the seller of the product itself, but not with a third party.
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    Are Islamic banks compliant with Islamic law behind the scenes?

    @prouddada I have one from a scholar working at the Al-Azhar, but it is in German. However, this is not something new. You can easily find plenty of Fatawa stating the same.
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    Are Islamic banks compliant with Islamic law behind the scenes?

    @daisies89 Banks use your money to lend it out, invest in haram, create more money etc. It is not allowed to have an account at a traditional bank, when there are Islamic banks in your country.
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    Investment in Austria

    @yasin Aleykum selam, I can recommend you halalcheck4u. They offer a free "haram" check for your contracts and also give you financial advice.
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    Kinesis Money - Transacting in Gold and Silver

    @nadiac3 inspiregold.de
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    Kinesis Money - Transacting in Gold and Silver

    @nadiac3 Aleykum selam, halal is no coincidence. It must be intended and planned. I would not trust a non-Muslim company, when it comes to finance. There are rules to follow, when you want to deal with gold and silver. If you just want to save your money in gold, I know a Muslim company in...
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