Loans from Syariah Banks?
Printed From: IslamiCity.org
Category: Religion - Islam
Forum Name: Islamic Finance
Forum Description: Islamic Finance
URL: https://www.islamicity.org/forum/forum_posts.asp?TID=33503
Printed Date: 21 November 2024 at 9:11am
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Topic: Loans from Syariah Banks?
Posted By: AndiKhaerul
Subject: Loans from Syariah Banks?
Date 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.
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Replies:
Posted By: icforumadmin
Date Posted: 21 November 2017 at 8:53pm
Salam,
Hereare some of them:
http://www.lariba.com%20 - lariba.com
http://www.bankofwhittier.com - Bank of Wittier
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Posted By: ScarletJohnson
Date Posted: 27 September 2020 at 11:43am
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I think you should consult a financial adviser.
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