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En. Solihin, a Shariah research officer of Aslah Islamic Bank, is in the process of updating the documentation of Shariah meeting minutes. He needs to
En. Solihin, a Shari’ah research officer of Aslah Islamic Bank, is in the process of updating the documentation of Shariah meeting minutes. He needs to provide strong Shariah basis and justifications to certain matters as follows: (c) In the updated list of permissible Companies to be engaged by the bank that was recently presented by the Business Unit and approved by the Shariah Board, Pipi Manufacturing Co. was struck out from the list. It was discovered that one of their subsidiaries that contributed more than half of the total turnover to the Group has been involved in the production of leather goods mixed with pig skins. (d) In deliberating the application of a banca motor Takaful product, the Shariah Board required that the motor vehicle must be used for permissible purposes although the customer who is also the driver subscribes to conventional car loan.
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1 As a Shariah officer of the bank how would you justify the banks decision to strike out Pipi Manufacturing Co from the list of permissible companies to be engaged for financing 2 Would you agree wit...Get Instant Access to Expert-Tailored Solutions
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Document Format ( 2 attachments)
635f127b35593_228951.pdf
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635f127b35593_228951.docx
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