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View By Subject 3202 fatwas
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Needs to open an Islamic account in a commercial bank
I am doing work at home programme. A US company which employess me will be paying my salary with cheque to a bank which does not support my country. So i could not get my payments. So, I want to open a saving account in Singapore which can accept the cheques and then transfer to my local bank. I could not find any fully Islamic operating bank in Singapore... More
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Receiving money obtained from Ribaa or lottery as a gift
Assalam-u-Alaikum, If a person "A" has some haram money e.g. if he wins a lottery or get some interest, and he give some money as a gift to some other person "B", is it allowed for person "B" to accept this money and use it? Is it halal for him? Secondly, if "B" does not know that this is haram and later he come to know, then what he should do? Regards.. More
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Using money collected as funds for a mosque in other community projects
One of my students asked me: What will the ruling of shari’ah upon the issue of money borrowed for buiding a new community centre for our community in Canada with the following conditions: 1) The money has been collected from the worshippers before and after Friday prayers for a long time of period and designated as funds for the Masjid. 2) The.. More
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An indebted person spending on things he does not need
Asalamualaikum my friend is in debt of riba but he has made tawba. He was at my house and he spent 114 dollars on something that would help him, but that he did not really need. I helped him buy this thing. I what he did halal? or does he have to save EVERY cent of his money for his debt? Also he bought me something for 40 $ as a gift. I tried to pay.. More
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Asset financing practiced by usurious banks
ASSALAMAQLAYKUM. in our country there is no islamic bankng systm. there are banks/fin insts. that give loans for purchase of assets, they call it asset financing. they tell us that they can buy assets for bussiness purposes(the asset to generate income) whereby we have to pay a down paymnt of say 10% n (the fin insts.) then charge us a hire purchase.. More
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Keeping a usurious bank account while tricking to avoid interest
(1) A year ago, at the time of signing contract for a credit card, I was totally ignorant of the fact that I was entering a forbidden contract. However it suddenly occurred to me 2 of weeks ago that may be I was doing something wrong & I checked out your many fatwas & learned that I indeed was & am committing a sin. After looking at my balance.. More
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Registered Education Saving Plan in Canada
Assalamo alay kum Mufti i am living in a westeren country where the govt offered a plane for the future kids education.the parants can pay certain amount of money per month up to eighteen years and the govt also can contribute up to 20%( roughly) i have a new born baby and i was thinking to buy such RESP(Registered Education Saving Plane) so guide.. More
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Working as a trader for highly ranked investment firms
Assalamu ‘alaykom, I have a critical question that will decide the direction of my studies and also my brother’s career choice. I will present my situation then my brother’s. My situation: I’m intending to pursue my studies in financial engineering in order to have a career in finance. A financial engineering diploma from the university I’m.. More
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National bonds based on Mudhaarabah
Assalaumualaikum, in our country we have something called national bonds, i wish to invest in that, but am little worried about interest(i dont want to take interst and start war against allah), they also have monthly draw prizes, how these draw prizes can be halal. i asked the question with nbc.ae and they give me this answer: NBC is a Shari’a.. More
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How to build a house through Muraabahah
SalamuAlaykum, I have read all your fatwa's regarding mortgages but did not find an answer to a question that I have in mind. I am basically buying a land and building a house on it through a construction company. I am not going to borrow money from the bank and pay the construction company, instead, the bank is going to pay the company the cost of.. More
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His non-Muslim mother is paying insurance for him
bismillahi ar-rahman ar-rahim Assalaamu aleikum My problem is that my mother who is not a muslim is paying me for insurance and she is very strict on having one. So maby if i tell her that i dont want one she does not agree. So is there any sin on me for her to pay my insurance until i will live 0n my one and stop paying for it ?.. More
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Inheritance of a wife, a mother, a brother and a sister
I am a Muslim from the Indian sub-continent. I have been married for 14 years now and have no children. My wife a non-practicing Muslim is a very rude woman & and had been unkind to me most of my married life. She barely listens to me. It’s been 5 years now that I have been trying to be a practicing Muslim myself. I have an older brother and an.. More
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Purchasing a house Islamicly in a non-Muslim country
I am from a non muslim country and 93% of our population are non muslims of various religions. I need to buy a house for me which is a big shortcoming in my life for my family. but i dont have any institution in my coutry that does not deal without interest. there is one finance organization that is talking about Murabah, the percentage of which is.. More
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Borrowed a book and found a pornographic VCD inside it
i borrowed a book and inside the book , there was a pornographic VCD . Am I expected to return the CD because i want to burn it ? Will Allah ask me as taking other's property illegally?.. More
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Islamic Market Dow Jones Index
assalam3alaykum: most companies, whose products are halal, in USA put their money in banks with interest. is it halal if i trade in stocks in the list of Islamic Market Dow Jones Index? Shokran.. More
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