415 fatwas

  • Bank Account and Spending Mixed with Interest Date: 22-6-2002

    I have an amount of money in a western bank. Usually, I cut my 2.5 percentage Zakaat from the total amount. I have been doing so for a long time before I knew now that the interest is forbidden. Please explain my situation. Furthermore, I spent some money mixed with interest on my family, bought a house, and went to ‘Umrah before I knew that interest.. More

  • Living on interest from bank deposits Date: 18-5-2002

    I've read about considering banks interest as Reba. And I'm asking you to give me clear vision on this issue that would help me to make the right decision, Insha Allâh. Banks in Egypt claims to give varying interest which is around 9.5percentage: 10.5percentage these days. I'm not sure if the bank invests all its money in loans with fixed interest.. More

  • Bank Loans Date: 8-5-2002

    Are banks loans really prohibited by the Quran? .. More

  • Bank prizes Date: 6-5-2002

    Mashreq bank (www.mashreqbank.com) has a interest free saving scheme called Mashreq Millionaire. Under this scheme one does not get interest but is eligible for a prize. You can get details from their web site. Should one hold these certificates and if yes are any winnings from this Halal?.. More

  • Location of Islamic banks in the US Date: 5-5-2002

    Could you tell please if there are banks in the United States (New Jersey state) that give loans without interest (i.e., agree with Islam) to buy a house?.. More

  • Bank Profit or Riba Date: 4-5-2002

    I have deposited some money in one of Syria's banks and as I heard that the bank is lending money to people as a business wise. The bank is paying its customers some profit by using the customers' money. I asked some people; who told me that the profit is (Haram) because it is (Riba). Please give me the right answer because I do not want any (Riba).. More

  • Buying Houses in UK with Mortgage Date: 23-4-2002

    A lot of my friends bought houses with mortgage in UK, and they said it is Halal. Is that correct? .. More

  • Bank accounts with interest Date: 20-4-2002

    What is the Shari'a rule about using bank accounts with interest for a Muslim living in the West? Can I take the interest and give it to Islamic causes or should I leave it in the bank?.. More

  • Education financed from sale of house bought on interest Date: 9-4-2002

    I am a student doing masters in a university in USA. I am from a Muslim country in Asia. Its my second semester here. In first semester of studies I got financial support from my parents. Now I am supporting my finances on my own. In my first semester my parents paid for my expenses from the money they got from selling a house which they had built taking.. More

  • Islamic banking Date: 8-4-2002

    My question is regarding the Islamic bank. How do the employees in an Islamic bank get their monthly salary and from where? How does an Islamic bank function? If you have some book or site regarding this information in detail, please forward it to me... More

  • Company Paying Interest on His Loan to Buy Flat to Marry Date: 2-4-2002

    I have taken a loan from my company for about 4000 D. The agreement was that I pay a fixed amount of money every month until I paid the loan for a total of the same amount that I took (4000D). But after that I discovered that the company agreed with a bank to give me the loan and the company will pay the interest amount after I paid the 4000D. I don't.. More

  • Getting Rid of Mortgage Transaction Date: 2-4-2002

    I live in the United States and last year my brother and I purchased a house on mortgage (Riba), in both of our names, based on the Fatwa from Dr. Yousef Al-Qardawi that it was a necessity (Duroora). My father paid most of the down payment; around 70,000 and my brothers and I added 5,000 each. I now feel that this was the wrong decision and want.. More

  • Dealing with numismatic gold company Date: 27-2-2002

    I heard about a company that sells numismatic gold (of limited edition) through Internet and delivers it by mail. This company awards you 10-percentage commission for each customer you convince to buy a product from this company. I want to know if this concept is Halal?.. More

  • Purchased house on Riba Date: 5-2-2002

    I have a specific question regarding bank loans. I have looked through all the questions and answers on your site regarding this issue. My parents took a bank loan 21 years ago to buy a house. We live in Europe. However, 21 years later they are still paying since they pay the interest. Practically they have already paid the value of house. It never.. More

  • Buys House for Sister Through his Company with Interest Date: 31-1-2002

    My youngest sister does not have a house and is also not financially well off. She is living in a rented apartment and at the same time finds it difficult to pay the rent. A friend of my brother in law has given them his apartment on rent. Since they cannot afford it, they pay the rent after several months. Since it is the obligation of my brother in.. More