As mufti has endorsed it so even if it ain’t 100% Islamic you won’t share the blame (gunnah).
Islamic Banking is the same as Conventional Banking
Whereas to some people, Islamic or conventional banking makes not a dime of a difference – but people say the sin will be on MUFTI Sahab and not you so Islamic banking in Pakistan basically becomes sugar-coated banking. The difference is they call markup and stuff “RENT” by which you feel and consider it’s not Riba. Javed Ahmed Ghamdi also shares the same thoughts about renting for the capital cost borne by the bank in our Car Ijarah example. Some people opt for Islamic Banking products because the extra amount they pay on late repayment is Donated to Charity (Sadqa) whereas in the conventional bank it becomes the income of the bank. But the trouble is when you get advert statements like
