Is the Bounce Back Loan Scheme (BBLS) Shariah Compliant?
Question: Is the Bounce Back Loan Scheme (BBLS) Shariah Compliant? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer: The Bounce Back Loan Schemes are not Shariah compliant. A person seeking financing should seek alternative financing through Shariah compliant financing, non-interest products or lastly, seek financing with […]