islamic banks

Q: I live in UAE and is it possible to get a loan from an Islamic bank. What is the difference between Islamic banking and conventional banking because both are offering same kind of products.

Q: Is it permissible to saver money in a savings account in an Islamic bank? We are only using the actual money which we have saved. Whatever savings profit we receive from the bank, e.g. 2% etc. will be given to the poor

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?

Q: Is "musawamah" in Islamic banks halal or haram. I mean Riba-Free or not? Kindly guide. In our country Islamic banks sell consumer goods according to them which they have stocked through this financing mode on installments. Kindly guide.

Q: I want to invest in an Islamic investment fund. Its a bank in Pakistan. They have fatwas from a senior mufti but I still have doubts if its haram or halal. Please guide.

Q: I wish to ask whether working in an "Islamic Bank" is permissible under Islamic teachings. Please shed some light under Quran and Hadith.

Q: I want to ask about the ribba free profit loss based Islamic investment. Currently I am interested in Meezan Bank Monthly Mudarbah Certificate, which states that its ribba free and bank becomes your partner on rabb ul mall and mudarib basis. Half profit goes to bank and half to the customer while the percentage of profit is changed each month according to profit loss base.

While if there if there is a loss, customer will also bear the loss. For your more information here below is the link for further review. https://www.meezanbank.com/monthly-mudarabah-certificate/ Please guide me if it is OK with islamic teachings and halaal?

Q: I work in Emirates Islamic bank. So I want to know that is it okay?

Q: I want to open an account in the bank. The name of the account is PLS (Prophet and loss saving). The policy of bank is if they invest my amount and earn some profit, they will give me my profit. If they have loss, then I will accept it. Is this is according to Islam or not? Please inform me. I shall be very thankfull.

Q: Our community bank offers Shari’ah compliant home financing which is structured as follows:

1) The Muslim buyer will select the property and the bank will purchase it with a contract for immediate resale to the Muslim purchaser for a fixed amount that will include the bank’s profit.

2) The Muslim buyer will be given a fixed price that will not vary with interest rates.

3) The Muslim buyer will have to sign a contract to buy the house from the bank before the bank purchases the property from the original seller.

4) The bank states that they will take a loan on which they pay interest from a secondary source to finance such a purchase. 

5) The bank states that the buyer will have to insure the property.

Is this form of finance permissible and Shari’ah compliant?