What’s the Shariah Opinion Regarding the Handling of a Bank’s Previous Riba-based Loans that Were Made before the Bank Was Converted to an Islamic Bank?

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Question: A brief presentation [was given] about the achievements of KFH’s team sent to the Bank of Sharjah, which was recently converted to a Shari’ah-compliant bank. The team requests the Committee’s opinion about handling the bank’s previous riba-based loans that...
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