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View By Subject 431 fatwas
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Profit resulting from a car bought with a Riba-based loan
Dear Scholar – Asslam alaikum, A person buys a taxi car by taking a loan from conventional bank by giving interest and he start earning by driving the taxi. It is clear that paying interest is forbidden, but my question is what about the money he earn from that taxi car by himself driving it, is that haram for him because he own the taxi in haram.. More
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Islamic associations receiving funds from usurious banks
Assalam Dar Al Falah community education association is a muslim association which teaches arabic and islamic studies to muslim children in the Glasgow community it is permited to apply for funds and grants to cover the running costs and charges of the school from funders like LLyods TSB and Abbey National charitable Trust banks my question is that:.. More
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Cooperation for establishing Islamic banks
Why don’t wealthy committed Muslims establish Islamic banks as a substitute for Riba-based banks? .. More
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Borrowing money with Riba to marry off one’s daughter
Assalamualaikum Wa Rahmatullahi Wa Barakatu... May allaah bless all of your team for this wonderful work..Aameen.. My question is: Can Loan be taken from Public Provident Fund (PPF) on Interest Basis which is low when compared to the market. My father is in Police Dept. and he can get a loan of 1 lakh rupees from his PPF on low interest. As we are try.. More
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Fees charged by an Islamic bank for overdrawing
Al sallamu Al laikoum I am in the UK, and I want to open a bank account, here I found this newly established service from HSBC bank called "HSBC AMANAH" and following are the terms of the Islamic banking: Overdrafts You are not permitted to overdraw this account. If the account is overdrawn: overdraft review fee - £25.00* *Important Notes 1. £25.00.. More
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Wants to pay off his parents’ non-Islamic mortgage
Is it ok to help pay off my parents mortgage which is not an islamic mortgage but an interest based one. They would find it diffficult to change to an islamic one because of the lump sum fee you have to pay to the islamic company first. .. More
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A woman renting a locker in a ladies – only commercial bank
asalam alaykom my mother had only a Locker in one bank that is not islamic and riba based but has all ladies and no men to deal with every time she go alone to operate her locker , whereas other bank which is islamic and riba-free based has men all over the place, hence she will have to deal with men which is not convieneient to her. she only had a.. More
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Took a car loan with zero interest for 36 months
Bismillaah Alhamdulillaah , Assalaatu Wassalaamu ‘Ala Rasoolillah Wa ‘Ala Aalihi Wa Sahbihee Wa Sallaam. Assalamu ‘Alaikum Wa Rahmatullaah. Dear Brothers May Allaah bless us to refrain from committing sins and May Allaah forgive our sins. I’m in big confusion that, I took a car loan from one of usuary bank (non Islamic bank). The thing is, their.. More
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Giving money that resulted from Ribaa to those who pay interest charges
Assalamu alaikum.Can interest money be given to a person to repay his interest he took as loan?My grandmother gives her interest money to help his son pay back his interest that he has to pay for the loan he took.If people start acting like this wont it motivate people to take loan with interest?Thank you. .. More
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Governments taking loans with Ribaa
assalam aliakum wa rehmatuallahi wa barakatahu The World Bank and similar organizations give developing countries loans to supposedly start off their economy. The country which accepts the loans has to return it with a certain amount of interest added. The government which takes the loan is supposed to distribute the money in various fields so as to.. More
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Giving service fees for borrowing money from a company
I believe that interest is haraam whether it small or bigger. But my concern is regarding our cooperative which we barrowed for example 1000 to be paid equally every 15 days, through salary diduction. We give a minimm amount of 20 upon reciept of the money as service pay. Is this service pay considered riba? Sukhran and Allah Bless Us... More
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Disposing of a car purchased from an Islamic bank before paying its full price
ASELAM ALEICUM WERAHMETULLL OR I WANT BUY A CAR FROM ISLAMIC BANK THE PAYEMENT IS NOT IN ONE TIME THEN AFTER I BUY THE CAR I WANT TO OPEN RENTAL CAR COMPANY BEFOR I FINISH THE PAYEMENT I NEED THE CARS FOR THIS PURPOSE IS THAT HALLA OR HARAM PLEAS ANSWER ME DIRECTLY MY QUESTION JEZAKUMULLAH KEYREN.. More
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Buying a house with mortgage whose interests will be paid back by the government
As salaamalaykum, In the netherlands, the government gives back the interests that was paid on mortgatge. in such a case is it permissible to take mortgage and buy a house? I don't want to take loan and buy house because of riba and also because I hate loans. I am then always afraid of dying without paying the loan. My husband and my family are always.. More
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An employee given an interest free loan but in case of his resignation he will be charged interest
The company I work for offers an interest free housing loan. However, upon resignation the company reserves the right to charge interest on the balance amount. So far no one who has resigned has been charged interest. If I have the means to clear the loan whenever I resign, does the provision to charge interest make the loan unlawful?.. More
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Benefiting from a car bought by a usurious loan
Selamu Aleikum Dear Brother. I am writing this e-mail, hoping that you will answer my concern regarding an issue that has taken away my peace of mind. I recently bought a car, I mean financed thru a bank that is intrest based bank. At a time, I didnt have enough money to buy this car, and i was in need of a car so that I can go work, support my family,.. More
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