If the bank discovers a Sharia violation after the transaction has been executed, what happens? | Ask Banky

Editor-in-Chief Mohamed Salah

ع

Editor-in-Chief Mohamed Salah

If the bank discovers a Sharia violation after the transaction has been executed, what happens?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

If an institution discovers a legal violation after a transaction has been processed, it should address it through its established governance and corrective procedures.

As a user, if the violation affects your contract or payment, request a written explanation of what has changed and what action has been taken.

Source

Discussion

Join the discussion

Sign in to add your comment or reply to other readers.