Conventional Islamic Interbank

Sharia Law does not object to conducting interbank operations by providing liquidity through one bank purchasing goods and selling them to the other on credit. Subsequently, the owner of these goods sells them at the current price to obtain liquidity. This is provided that the conventional bank benefiting from the liquidity will utilize it for purposes acceptable by Sharia Law, such as "financing state constructions and others", either independently or in cooperation with Islamic banks (syndication). However, if the conventional bank intends to use the liquidity to lend it to its clients with interest, it is not permissible to engage in an interbank transaction for this purpose. On the other hand, if the Islamic bank is the beneficiary of the liquidity, there is no objection to obtaining it through a conventional bank in the aforementioned manner.