The Reality of Islamic Finance

Category Archives: Consumer Credit Scheme

Consumer Credit Scheme

by Mufti Muhammad Taqi Usmani | September 4, 2011 in Consumer Credit Scheme, Interest, Q&A | Leave a comment

Question: It is becoming common for Muslim retail businessmen in South Africa to enter into the so-called consumer credit scheme. The retailer concerned concludes a written agreement with a third party Company (‘the Company’). A copy of the specimen agreement … Continue reading