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Answer 1

No. Any Bank or corporation working on Interest-Usury is Not halal. Just by adding a prefix 'Islamic' does not make a wine or dog halal.

Answer 2

Yes. While Answer 1 is correct in that using interest-usury is prohibited in Shari'a Law, Halal Inc. is Shari'a compliant in this regard. It is Islamically compliant. Please see their website below which details how what they do follows the Shari'a Requirements.

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Q: Is halal inc the right Islamic finance?
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