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81 fatwas

  • A woman renting a locker in a ladies – only commercial bank Date: 26-9-2007

    asalam alaykom my mother had only a Locker in one bank that is not islamic and riba based but has all ladies and no men to deal with every time she go alone to operate her locker , whereas other bank which is islamic and riba-free based has men all over the place, hence she will have to deal with men which is not convieneient to her. she only had a.. More

  • Took a car loan with zero interest for 36 months Date: 11-9-2007

    Bismillaah Alhamdulillaah , Assalaatu Wassalaamu ‘Ala Rasoolillah Wa ‘Ala Aalihi Wa Sahbihee Wa Sallaam. Assalamu ‘Alaikum Wa Rahmatullaah. Dear Brothers May Allaah bless us to refrain from committing sins and May Allaah forgive our sins. I’m in big confusion that, I took a car loan from one of usuary bank (non Islamic bank). The thing is, their.. More

  • Keeping a usurious bank account while tricking to avoid interest Date: 19-9-2006

    (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

  • Depositing money in a usurious bank just for safety Date: 14-5-2006

    salam, i have a doubt about bank deposit,i deposited my money for a time deposit then my intention is not because of interest just for my safety of my money,is it haram and what about the interst i can give to the needy people,so that i will be from the sin of interest,what if i put my money in a normal bank account,is permissible?pls i need an.. More

  • Her father deposited her money in a usurious bank against her will Date: 16-3-2006

    My sister sold her business and has received a large sum of money, which my father is safeguarding in his bank as my sister is living abroad. My question is will my sister be held responsible for the interest that my father accepts from her money? She has warned him not to accept the interest and has shown her disapproval, but he still insists on taking.. More

  • His company offered him to buy a car by taking loan from banks Date: 21-11-2005

    my husband is working in an international company in Egypt. i don't have a car and I am using the company car.he has been promoted last month and they offer to him to buy a car by taking loan from any bank and they will give me the amount of the car loan with my salary divided on 5 years as i take the money from them and give it to the bank. If.. More

  • Bought a car through a bank loan Date: 5-9-2005

    I am living in Norway, I have buy a car for taxi work. This car cost 491000 Norwegian Kroner. I have pay 190000 Kroner. The rest of the money I will pay in 5 years, every month. I didn't discuss with the bank how much I will pay every month they send me invoice. I have calculated the invoice for 5 years and I am paying 50000 Kroner and maybe.. More

  • Needs to deal with international bank Date: 11-8-2005

    I am an employer in a Dubai based company. But I will have to work in an African country. I want to start an account in international bank which deals with interest. I do have an account in an Islamic Bank. But the service of this bank is not available internationally. If I draw money from another country, they charge considerable money. Is it.. More

  • Questionable bank account in Egypt Date: 26-5-2005

    I live in Britain and I have put my money in a bank in Egypt (National Bank of Egypt) because I am planning to live there soon. This bank gives me an increase of money depending on how much they make every year. They don't give me a solid percentage for e.g. this year I could get 10% and next year I could get 4% (this depends on how successful.. More

  • Dealing with a non-Islamic bank Date: 5-5-2005

    I have one quick question, please enlighten me in the light of Quran and Hadeeth about it. I have a current account ina commercialbank. This back recently introduced a new scheme where in any account holder in the bank is eligible. And according to this policy or scheme, which is called the TAKAFUL Family Scheme wherein the account holder.. More

  • Working in an un-Islamic bank as a way to open an Islamic bank Date: 14-4-2005

    I'm a student in University. I want to specialize in financial banking but unfortunately there is no Islamic bank in my country. I need to establish the Islaamic bank so to help my fellow Muslims. Is it permissible for to work in interest base bank if it is so in what way I can win my goal? .. More

  • Having an ATM card in a non-Islamic bank Date: 10-4-2005

    What is the ruling in getting an ATM card in a non-Muslim bank ? .. More

  • Opened three bank accounts in US and did not pay penalties Date: 18-11-2004

    I've lived in the United States for quite a while and during my stay I have opened three bank accounts. Part of the bank's regulations is that at all times there should be a 100 dollars minimum in the account and that goes for all three banks. However with all three banks I violated that law and all my accounts went below 100 dollars therefore.. More

  • Has a savings account due to necessity Date: 28-9-2004

    I have a savings account in a bank on which I receive interests. I can't change my account toordinary since this account charges a monthly fee of $3.45. Moreover, I'm not working, which is why I wouldn't be able to afford a fee of $3.45 per month. What am I supposed to do now? Is there an alternative solution. Is it also true that when one has.. More

  • Wants to buy a used car on loan with interest Date: 2-8-2004

    I am a revert sister. I am a single parent due to my ex-husband leaving me when I was 6 months pregnant. I work full-time to support me and my son. I originally came from Leicester. I moved to London when I got married. My mother died 27 years ago and my father is a Hindu and does not accept me as a Muslim. I do not have many contacts in London.. More