415 fatwas

  • Using Interest to Pay Electric Bills Date: 31-1-2002

    Here in Surat (India) electricity companies use to collect electricity charges against supply of electricity. In addition to that they use to collect another charge called Fuel Adjustment Charge. About this charge their explanation is as below: 1) While distributing power from main junction to substations and from there to actual users about 7% is.. More

  • Renting a Building to a Riba Bank Date: 31-1-2002

    Is it allowed to rent out a building to a non-Islamic bank which collects interest? .. More

  • Dealing with Banks Date: 29-1-2002

    1) Is medical insurance Haram or Halal? 2) Is the transaction with banks Haram or Halal? How can we solve this issue as life is changing, and without banks that are free from of interest, business is very hard and Islamic banks are not everywhere? On the other hand, sometimes you might pay fees to banks for many transactions. So what is the ruling.. More

  • Wants to Buy a House with Riba Date: 29-1-2002

    I live in the USA. I am very well paid in the wireless industry in California. There is no way to buy a house through the system in America except via a bank that would lend me money with interest. According to Islam interest is forbidden. Does this mean that the Muslims have to always rent and spend a chunk of their earnings and not invest them in.. More

  • Getting Money from Bank to Buy House Date: 26-1-2002

    Getting money from Italian banks to buy a house. .. More

  • Buying Islamic School Property Using Loans with Interest Date: 21-1-2002

    What is the Islamic Fatwa for a principle of an Islamic school who buys school properties by borrowing money from lending institutions and banks? .. More

  • Buying house on mortgage Date: 15-1-2002

    I live in Ireland and I would like to by a house though a bank mortgage, I would like to know the conditions that have been released by the European Islamic committee which I believe has a good knowledge about the difficulties in living in European countries... More

  • Increase in provident fund Date: 13-1-2002

    Every month 20% of the basic salary is added into provident fund maintained and retained by company in a bank account. After completion of six months/12 months some increase in one's provident fund amount was reported after the said period? Is this OK for us from Qur'an and Sunnah?.. More

  • Receiving from a bank less money than requested, but having to pay the full amount Date: 6-1-2002

    Sorry to write the question in English but it is easier for me to use in computer. I am Arabic citizen. In my country if you want to build a house you can ask for a loan from the bank. When you receive the money, you receive an amount lesser than what you asked for, but when you want to pay the bank the loan you should give the amount you asked. For.. More

  • Questionable loan Date: 6-1-2002

    My brother wants to buy some road construction machinery. He does not have all the required money. So the company selling the machinery has him pay certain sum and the balance will be a loan at 5% interest per annum to be repaid over a five year period. The company claims that this interest is how they want to state their profit. Is this interest or.. More

  • Buying a house on a loan Date: 1-1-2002

    I've read some questions about Riba in this website, and when I saw Fatwa no. 84041. I really got scared. My family came to the U.S about 4 years ago, and the only way we could get a house was taking a loan, and then repaying that loan, of course, with interest. Now I know that this is Haram, but what were we suppose to do? If we had rented an apartment,.. More

  • Company Arranged Loan for Purchase of Home Date: 15-12-2001

    My company is a multinational foreign based company involved in oil and gas exploration and production in Pakistan. My company authorizes its employees to get certain amount of loan only for purchase of home from any loan-providing institution (bank or any other) as per amount sanctioned by company. These institutions (banks etc.) provide loan to employees.. More

  • Wanting to buy house with interest Date: 13-12-2001

    I have a question about buying a house. Situation: I live in Holland, two of my daughters study dental medicine in a city two hours away from our house. They spend daily four hours traveling. It's very difficult to find a rent house and to pay it. The girls refused to borrow money from the university, because of interest, following your Fatwa before. I.. More

  • In Haram business with brothers who denied his rights Date: 13-12-2001

    I am doing gold jewelry business in partnership with my brothers who are 20 years older than I and took care of me since my father's death when I was nine. My brothers have not given me legal partnership rights because I don't have a male child. They have been borrowing money on interest. I have tried my best to stop this Haram, but they do not listen.. More

  • Free shares from a bank and how to dispose of them Date: 20-11-2001

    I live in England, I have a bank account which gave me some free shares. I've had these shares for a number of years, the price has changed regularly. I've never sold them or benefited from them financially, but I've begun to consider whether I was required to pay Zakah on them. If I pay Zakah on them, do I pay Zakah for all the missed years since.. More