Islamic banks

Q: I see many Islamic banks charge everything like other banks, they are just changing the name. So, isn't it haraam to take a loan for a car or anything else from them?

A: If what you are saying is right, that they are just changing names then changing names does not make a haraam into halaal.

And Allah Ta'ala (الله تعالى) knows best.

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)