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View By Subject 438 fatwas
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Is It permissible to deposit money in an interest-based bnk?
Is it permissible to keep an empty current account in a riba-based bank to which I deposit money when I would like to make an online payment, such that the money sits in the account for a brief moment until the payment is made, and then the account returns back to being empty? Does this not come under assisting in sin considering that the money can.. More
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Ruling on Selling Jewellery to Muslim and Non-Muslim Women
Assalamu AlaikumIs it permissible to sell womans jewellery or gem stones used for making these kind of jewellery in a non muslim country. Customers may be muslim and non muslims who may adorn it outside. I plan to sell local and online as well. I was reffered to a fatwa and that didnt help me before it still left me confused. Can i please get an answer.. More
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Buying and Selling Gold in a Jewellery Store
Is it halal when purchasing gold in a jewelry store, where the payment is made at a different counter/cashier with the gold handover counter?.. More
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Is a Difference in Price When Paying by Bank Transfer Considered Interest?
Is it considered riba if in an online marketplace, any payment through bank transfer cost less than payment in cash?.. More
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Banks Imposing Administration Fee if Loan Repayment is Delayed
Some Islamic Finance organisations provide loans and then say that there is an "administration fee" they will charge if the loan repayment is delayed. They say this fee covers the cost of staff organising paperwork and so on. Does this fall under the same principle of Riba and under the concept of a "late payment fee"?Considering most contracts in my.. More
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Works in Dispatching Halal Goods but Indirectly Assists in Riba
Assalamu alaykum. I work as a truck dispatcher in a company that only deals with halal goods. However, the company uses a factoring service that involves riba to receive payments. My job is only to dispatch halal loads and submit documents to the accounting team. Is it permissible for me to continue working in this company?” I have doubt because we.. More
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Ruling of Diminishing Musharakah (Partnership) Financing
An Islamic finance co-op here offers home financing via diminishing Musharakah. Monthly payments include: (1) rent based on market valuation, (2) share buybacks from the bank, (3) profit markup on each share sold (a profit % applied on each share), and (4) the bank pays a proportional share of costs based on its ownership -e.g. utilities, bills, etc... More
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Ruling on Bank Accounts and Credit Cards in Western Countries
As salamu alaikum ustad,In the western country I live and study there have been some changes in the banks because of the inflation and they started giving interest (riba) to people who put their money on the bank. So I would like to know what's the ruling on putting the money in the bank if there is not a bank that doesn't give interest. As a student.. More
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Ruling on depositing money in a bank account that is involved in Riba
Alsalam Alaykum Am I sinful if my mother puts my money in a bank account that is involved in riba? When my father died he left money for me and my siblings for our university tuitions and my mom put this money in a joint bank account under her name that gives monthly interest. Should I use the money on the main account for University and give the interest.. More
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Avoiding Usury and Prohibited Transactions
Salaam I do work as a accountant for different companies, the main business they do are halaal, but some companies have taken loans or pay minimal interest from a current account sometimes, can I do the books but no record the interest or record it as fines or just take it to a suspense account and tell the people to stay away and pay off loans, also.. More
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Is doing an internship in a bank permissible?
Assalamu Alaikum, it's a very urgent question: Is doing internship in a bank permissible?
.. More
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University Grants and Students’ Loans in Western Countries
السلام عليكم ورحمة الله وبركاته A person is in university and has got in due to taking a riba based tuition fee loan. There’s also free mixing that occurs in the Uni and other Har?m that he tries to avoid. If this person gets bursary/scholarship money from the Uni is this money halal? As he is a student due to paying a riba.. More
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Company Gives House Building Loan Without Interest but Deducts Amount from Salary
Aoa, I work in oil company and after period of 10 years my company give me house building loan without any interest. I hv to return back exactly the same amount which company give to me. Problem is that our company cut a minor amount of premium from our salary and insured that house building loan to some insurance company so that in case of employee.. More
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Ruling on taking money from one whose wealth is a mixture of Halaal and Haraam
Assalamu alaykum warahmatulLahi wabarakatuhu. I have read your fatawas on this topic, but have more questions. I'm a student and my father and mother pay may education, but their money mixed, haraam with halal. Can i continiue to study? What about extra lessons can i take extra lessons by asking money from parents? Can i ask them for some my needs beyond.. More
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Ruling on taking a bank loan to avoid renting
Assalaamualaikum,One of my relative is planning to buy a house and for which he is taking a bank loan. In order to save him from some part of interest I told him that I will be giving him some amount from my side for buying the house, this way the amount of bank loan that he will be taking will be reduced and hence the interest. Is this correct from.. More
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