Loans from Syariah Banks?

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   Assalamu Alaikum.

This is my first post so please forgive me if I have posted in the wrong place. Also, please forgive me if this has been posted before and I missed it.

I have never dealt with Syariah Banks before but I would like to start. I plan on taking out a loan to start my own business, and I feel that going to a Syariah Bank is the best route. I understand that there's no interest rate on the loaned amount, but that's pretty much all I know about it.

My question is concerning the length of the contract between the investor and the bank. Is there a predetermined length where the profits are divided between the bank and myself, or is it safe to assume that the contract will continue as long as the business I make operates or until any party violates the terms of the contract?

Thank you, brothers and sisters. Wassalam.

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AndiKhaerul Members Profile Send Private Message Find Members Posts Add to Buddy List Starter. Male Joined: 26 April 2015 Location: Indonesia Status: Offline Points: 1	Post Options Post Reply Quote AndiKhaerul Report Post Thanks(0) Quote Reply Topic: Loans from Syariah Banks? Posted: 26 April 2015 at 8:30am
	Assalamu Alaikum. This is my first post so please forgive me if I have posted in the wrong place. Also, please forgive me if this has been posted before and I missed it. I have never dealt with Syariah Banks before but I would like to start. I plan on taking out a loan to start my own business, and I feel that going to a Syariah Bank is the best route. I understand that there's no interest rate on the loaned amount, but that's pretty much all I know about it. My question is concerning the length of the contract between the investor and the bank. Is there a predetermined length where the profits are divided between the bank and myself, or is it safe to assume that the contract will continue as long as the business I make operates or until any party violates the terms of the contract? Thank you, brothers and sisters. Wassalam.

icforumadmin Members Profile Send Private Message Find Members Posts Add to Buddy List Admin Group Joined: 15 February 2005 Status: Offline Points: 1056	Post Options Post Reply Quote icforumadmin Report Post Thanks(0) Quote Reply Posted: 21 November 2017 at 8:53pm
	Salam, Hereare some of them: lariba.com Bank of Wittier Edited by icforumadmin - 21 November 2017 at 8:55pm

ScarletJohnson Members Profile Send Private Message Find Members Posts Add to Buddy List Starter. catholic Joined: 27 September 2020 Location: USA Status: Offline Points: 3	Post Options Post Reply Quote ScarletJohnson Report Post Thanks(0) Quote Reply Posted: 27 September 2020 at 11:43am
	I think you should consult a financial adviser.