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3189 fatwas

  • Inherited business having bank dealings

    If you inherit a company from someone and the company uses bank money which deals with interest and you cannot stop that, and are unable to go to an Islamic bank for some time (say 4 years) should you close the company, sell it, or keep it until you can change to an Islamic bank?.. More

  • Bank loan

    I am an Arabic citzen. In my counry when you want to build a house, you can ask for a loan from the bank. When you receive the money, you receive an amount less than you requested, but when you want repay the loan, you pay the original amount you requested. For instance, if you apply for a loan of 30,000 dinar, you will receive only 25,000 dinar, but.. More

  • Borrowing from bank to buy a house

    I am a converted Muslim. I have money invested in my home country and earn interest on this money. I have a young family. I am saving to buy a house for the family when we return home. I do not have enough money to buy a house; can I use the interest to help with the purchase of the home? There is no way in my western country that a single income.. More

  • Distributing One’s Wealth As One Wishes

    Are there any restrictions on a Muslim distributing his wealth as he pleases during his life? The money consists of our father's own earnings and the earnings of his sons who lived together with him. The father in his lifetime distributed his property unequally among two sons, saying that their earnings were not equal. Can one brother, in the father's.. More

  • Investing in stocks, bonds or mutual funds

    What are Islam's view about investing in stocks, bonds or mutual funds?.. More

  • Life Insurance

    I would like to ask ABOUT THE INSURANCE ON THE LIFE, fOR EXAMPLE YOU PAY MONTHLY 1000 and WHEN YOU REACH 60 YEARS OLD OR WHEN YOU DIE YOU WILL BE GIVEN 1 MILLION DOLLARS. SO WHAT IS THE HUKUM HERE? JAZAKM ALLAH KAIR.. More

  • Working in Internet cafe

    I'm working in a cyber cafe, I didn't do wrong things, but whoever comes goes to wrong sites: We used to sell CDs of kinds like films, songs, software etc. My boss is just Muslim he do wrong things or may be shrik. I have to work there or quit or wait for another job?.. More

  • Three Conditions Should be Met When Hiring People for Home Repairs

    Dear brothers I have several questions. My father will sell me insha Allah his house. We are living in Belgium. I will pay him slowly, Insha Allah, since my budget is restricted. The house need some construction and renovation. Is it allowed to call Brothers to work in this house and pay them for their effort without having a legal contract? Do I commit.. More

  • Student with Family Wants to Take Educational Loan

    I am a Muslim living in North America and I fear Allah. I am mechanical engineer but I can't find a job right now and I am receiving financial aid from the goverment of Canada.My question is can I get a loan from the goverment through the bank to take a master degree in engineering? I have my wife and three kids. .. More

  • Interest from court judgement

    I had a court case against a company and the court forced the company to pay me some money plus an interest on that money. Can I take this interest knowing that the court order is less than my right because I did not have enough papers proving my case and because of a mistake made by my lawyer?.. More

  • Paying income taxes in UK

    There are around 2 million Muslims living in the UK, mostly involved in business and well off. In this country there are taxes on everything, wages, private business etc...which starts from 20 to 40% of one's income. When one works for a company then he can not avoid taxes ..but when you have your own buisness then people try not to declare all the.. More

  • Changing the purpose of endowment

    What's the verdict of Islam concerning changing the purpose of a given Waqhf from an Islamic school to a Mosque?.. More

  • Alternative to Mortgage

    I live in the UK and would like to say some western banks and some Muslim owned banks have started offering Muslims an alternative to mortgage (loan with riba) to buy homes through a scheme called Ijara and Murabaha in the Murabaha contract I choose a house, the bank will buy it and sell to me for higher price, and I pay the higher price by equal installments.. More

  • Working in investment firm lending money

    1-I am a computer engineer working in a large investment firm .This firm invest in everything and works in everything related to money like stocks,bonds,and it also lend money but it is not a bank my job is to fix and setup their computers is my job is halal or haram .Jazakm allah kul khayer.. More

  • Inheritance of Wife, Brother, and Two Sisters

    If a man died and he left a wife, a brother, two sisters, and a son of his dead brother, how should his money be divided? .. More