Question
I s t h e d i mi n i s h i n g mushaarakah concept valid? Is it permissible to buy a property from an Islamic bank in terms of diminishing mushaarakah?
Answer
There is no such concept as 'diminishing mushaarakah' in the Shariah. The term has been coined by liberal scholars for dollars who are wedded to the haraam, riba capitalist system. It is not permissible to buy a property in terms of this baseless deal.
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- themajlis.co.za
- Published in
- The Majlis Vol 24 No 01
- PDF page
- 2
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Appears under TROPHY HUNTING. This heading is the nearest headline at or before the page and is approximate. Do not cite it alone.