406 fatwas

  • Studying interest loans as part of Math course Date: 3-1-2018

    Hello. I am a student in college, in the Health Information Technology program, which requires me to take Maths with the Business App course. This course covers multiple concepts of basic math computations as well as teaching students about simple and compound interest. My question is: is it permissible to study interest (loans) because part program.. More

  • Adding experience in interest-based bank on CV Date: 3-1-2018

    I have worked in a non-Islamic bank which deals with interest for one year. After realizing it is haram, I left the job and asked Allah for forgiveness. My question is: can I include this job experience on my CV considering that it was haram? If I get another job on the basis of this job, will I be sinful? .. More

  • Loan that brings forth benefit is plain Riba Date: 1-1-2018

    Assalaamu alaykum. One of my friends wants to go to Australia, but he does not have enough money to go there. I have enough money to send him to Australia or any other country, but I want a share in his earnings, which might be 10-30% of his income. Would that money be halal for me? .. More

  • Income-Share-Agreement (ISA) Date: 22-12-2017

    Assalaamu alaykum. This finance-related question is controversial. I reside in the US and have asked a few knowledgeable imams. Some of them expressed that it is haram, and others did not. I would like to know if income-share-agreement, also known as ISA, is an interest-free financing halal alternative. We all know that loans with interest are haram.. More

  • Taking government interest-based loan to pay university tuition Date: 30-11-2017

    Assalaamu alaykum. I live in Australia, and we can have the government pay our university fees whilst we study. When we graduate, we then pay the government 125% of what they paid for us during our studies. Is this considered interest, or just profit? We never get the money, the government just pays the university on our behalf. And then we pay the.. More

  • Using orbit points on current account in interest-based bank Date: 9-11-2017

    Assalaamu alaykum. I am using acurrent account just to keep my money safe. I hate getting interest. I want to clarify an issue; my bank has launched a new scheme through which they give every customer some ''orbit points'' on different sort of transactions or money deposits, money deposited, using cards, doing shopping with cards, etc. according to.. More

  • Giving loan in return for share in profit is interest Date: 24-10-2017

    I have spent 60 lac to buy a plot and build my house. Now I have no money to complete my house, so for its completion, I need another 15 lac. I asked my friend for a loan, and hetold me that he will give me the loan on the condition that after selling the house, the profit will be split 50/50, meaning that I should give him half the profit. My question.. More

  • Debt not to be settled with money earned from interest Date: 8-9-2017

    Assalaamu alaykum. Can received interest be utilized to settle a debt? My father passed away and there are some debts left to settle. We received his Employment Providence Fund (EPF) from the government (labour department); the total amount is approximately LKR 950,000. In that, only LKR 266,000 is the contribution; the balance amount is interest. Can.. More

  • Using money other person earned from interest Date: 3-9-2017

    Assalaamu alaykum. I am a practising Muslim who lives in Pakistan. Praise be to Allaah, I have changed a lot after reading the Quran with translation; I have stoped doing those things which could make my Allaah angry and started doing those things which could make Allaah happy; I have started loving Prophet Muhammad, sallallahu 'alayhi wa sallam,more.. More

  • Paying bank charges from interest money Date: 19-7-2017

    Are we allowed to pay our bank charges with interest money? For example, the money that the bank charges for the withdrawal of our own halal money? We do not want interest; we do not want to use it in anyway; we just want to give back their money which they give as interest in the form of bank charges. If we do not pay these charges to the bank from.. More

  • Prize won by having account in interest-based bank Date: 23-5-2017

    Assalaamu alaykum. I have a question about a motorbike that I got from my father. My father opened an account in some conventional bank (which is interest-based), an he got a prize because of that, a motorbike; this was in 2008. Now, prior to 2016, I never realized that using anything from an interest-based bank is haram, and my father did not seem.. More

  • Partnership with someone who deals with interest Date: 10-4-2017

    We are 12 friends who purchased a piece of land, and we all contributed an equal amount of money. We have a plan to develop the land for joint housing, Allaah willing, as the land is about 2880 square feet. There is a chance that some of my friends may use a fund from an interest-based loan, but I and my other friends will use our own savings fund,.. More

  • Sin of interest related to person, not to money itself Date: 21-2-2017

    I have been given a large amount of money by the government in my country due to illness for a couple of months; it is completely halal money, Allaah willing. Now my father gave his bank details for the money to be transfered into his bank account rather than mine. In his bank account, he owes the bank money along with interest, which the bank will.. More

  • Tax rebate in this National Saving Scheme interest Date: 18-2-2017

    In fatwa number 319753 (http://www.islamweb.net/emainpage/index.php?page=showfatwa&Option=FatwaId&Id=319753), you did not clearly state whether the 15,000 rebate itself would be interest or not. Please have a look into the question again by entering the link above, and let me know this as soon as possible. .. More

  • Exchanging one mobile phone for two Date: 16-2-2017

    Assalaamu alaykum, dear Shaykh. A scholar was asked about exchanging two mobile phones for one, and he said that there was nothing wrong with that and that it does not constitute interest because these things are not part of that category. However, recently, another scholar was asked about exchanging two bottles of cold drinks for one, and he replied.. More