En. Solihin, a Shariah research officer of Aslah Islamic Bank, is in the process of...
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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 provide a strong Shariah basis and justifications to certain matters as follows:
(a) The bank decided to allocate a part of the Business zakat to selected recipients in the urban area who are directly affected by Covid19 pandemic. The distribution is managed by the selected Zakat authority that is known for their expertise and professionalism.
(b) In a Safe-Deposit product based on wadiah yad amanah, the Shariah Board didnt allow the bank from utilising the deposits placed with them
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