415 fatwas

  • Interest of Islamic banks Date: 28-10-2002

    I'd like to ask about interests of Islamic banks whether its Halal?.. More

  • Taking a loan from a usurious bank Date: 21-10-2002

    Is it ok to get a loan from a bank or a credit card and pay them only the exact amount monthly without paying any interest - (even if they ask me I just want to pay the amount that I have taken)?.. More

  • Riba and interest Date: 19-10-2002

    I need clarification about the difference between Riba and interest. Is the commission charged by banks in KSA interest or Islamic banking? How? Please reply in light of Qur'an and Hadith. .. More

  • Purchased a Car through Partially Interest-Based Financing Date: 16-9-2002

    I am a Muslim, living in the UK, with a wife and a baby. I need a car. My car started to give me trouble, I traded it in and the difference in price is to be paid through finance (interest). Is this Halal as this was the only way I had? .. More

  • Living with a Riba transaction Date: 16-9-2002

    My parents are divorced and I am living with my mother in my grandfather's house. Life in my grandfather's house is not comfortable as we are 8 persons, and my mother is depressed and sick of it. She is so nervous that I am sometimes afraid that she looses her mind. After 28 years, my father offered to buy a house for my mother and myself. I choose.. More

  • Interest Payments as Compensation for Taxes in USA Date: 16-9-2002

    I want to know if it is Halal to open a saving account with interest if I am living in a non-Muslim country as USA because they are taking a lot of taxes from me and can this be considered as a compensation because this money is going to a non-Muslim government which uses the tax money to give military help to Israel? I would rather get my tax money.. More

  • Buying Shares with Interest in Pakistan Date: 12-9-2002

    I live in Pakistan and Islamic banking does not exist here. All investments are doubtful. We have a scheme which is called the Defense Saving Certificate Scheme. In this Scheme, a person buys certificates for a period of five or ten years and then the profit is four times more. For example if one buys shares of 5 lack rupees, after ten years he can.. More

  • Taking a Loan to Repay Debts Date: 10-9-2002

    We know Riba (interest) is Haram and is a major sin. What is the ruling for a bankrupt person to take a loan with interest if there is no other way to pay back his debts? He has loans as debts whose interest keeps on multiplying. Can he take this loan with interest to pay all this back or else what should he do? .. More

  • Why Usury is Prohibited Date: 3-9-2002

    Why mark up (usury) is prohibited in Islam. .. More

  • Accepting gifts and cash from donor whose income is from bank interest Date: 3-9-2002

    Can I accept and use the gifts and cash from my grandmother whose only source of income is bank interest? Please advice what Islamic law says about this... More

  • Investment bonds Date: 26-8-2002

    Is the interest from bonds considered Halal or Haram?.. More

  • Family Dealings With Usury Banks Date: 13-8-2002

    My father has two sons and I am the younger one. My father shares a business with his partner who has one son. Our family are not practicing Muslims. As a matter of fact, my father and his partner have accounts in non-Islamic bank that deals with usury with its consumers. I asked my father to shift his account to an Islamic bank and once he talked to.. More

  • Riding in car purchased with Riba Date: 17-7-2002

    Can I drive my friend's car or let him pick me up, if I knew that he bought his car with interest (Riba)?.. More

  • Bank Loan to Buy a House Date: 14-7-2002

    I work in a bank and I can get a loan for a house at a preferential rate. In my country there is no Islamic bank. I want to be independent and I do not want to be near my brothers and their families. Can I take the loan? .. More

  • Taking Bank Loan to Buy Household Items to Marry Date: 7-7-2002

    This is urgent. I am getting married in 5 weeks, Insha Allah. I have to buy essential furniture, e.g. bedroom set, sofa, etc. The problem is that I do not have enough cash to buy it and do not have a credit card. The only way I can buy this furniture is through getting a personal loan from my bank which charges interest. I know deep in my heart and.. More