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81 fatwas

  • Buying a car through a non-Islamic bank Date: 26-7-2004

    My question is: I want to buy a car, but I want to pay for the car by monthly installments. The car is Volkswagen Golf. I hear from the Ulama that it is not Haram if you buy a car like that. The company works together with a bank, but it is not a normal bank; the name of the bank is: Volkswagen bank. They use this bank to make it possible for the.. More

  • Borrowing money from British bank for marriage Date: 3-3-2004

    Is it permissible to borrow money from a standard British bank for the purpose of marriage knowing that there are no Islamic banks available in the UK? I read several articles and messages posted on your website but failed to locate one that takes living in a foreign – non-Islamic - country into account. .. More

  • Buying a house from non-Islamic bank without interest Date: 26-2-2004

    Is it permissible to buy a house from a non-Islamic bank, without any interest; they call it here "fixed rate"? .. More

  • Hospital funded by interest-bearing loan Date: 13-7-2003

    Six directors including my father and uncle are running a multi-specialty hospital. It has all modern facilities. Its finance is from bank loan paid back in interest every month. The hospital is one of the best in Kerala, South India. Hundreds of staff are working here with very good salary. Huge amounts are given in charity. Poor patients are given.. More

  • Bank deposits and credit cards Date: 5-7-2003

    I am a young man and just started to work in an organization. Can I put my money in the bank and use a credit card? .. More

  • Purchasing a flat for family use through a bank Date: 16-6-2003

    I want to buy a flat for family use, not for commercial purposes, and need to go through bank. Some Muftis may say this purchase is out of necessity, while other would say the transaction is pure Riba. Would you please clarify this subject? .. More

  • Dealing with Prime Bank Date: 9-6-2003

    Is it ok to participate in what is called Prime Bank (www.primebankltd.com)? .. More

  • Taking a loan from a usurious bank Date: 21-10-2002

    Is it ok to get a loan from a bank or a credit card and pay them only the exact amount monthly without paying any interest - (even if they ask me I just want to pay the amount that I have taken)?.. More

  • Purchased a Car through Partially Interest-Based Financing Date: 16-9-2002

    I am a Muslim, living in the UK, with a wife and a baby. I need a car. My car started to give me trouble, I traded it in and the difference in price is to be paid through finance (interest). Is this Halal as this was the only way I had? .. More

  • Interest Payments as Compensation for Taxes in USA Date: 16-9-2002

    I want to know if it is Halal to open a saving account with interest if I am living in a non-Muslim country as USA because they are taking a lot of taxes from me and can this be considered as a compensation because this money is going to a non-Muslim government which uses the tax money to give military help to Israel? I would rather get my tax money.. More

  • Investment bonds Date: 26-8-2002

    Is the interest from bonds considered Halal or Haram?.. More

  • Bank prizes Date: 6-5-2002

    Mashreq bank (www.mashreqbank.com) has a interest free saving scheme called Mashreq Millionaire. Under this scheme one does not get interest but is eligible for a prize. You can get details from their web site. Should one hold these certificates and if yes are any winnings from this Halal?.. More

  • Buying Houses in UK with Mortgage Date: 23-4-2002

    A lot of my friends bought houses with mortgage in UK, and they said it is Halal. Is that correct? .. More

  • Bank accounts with interest Date: 20-4-2002

    What is the Shari'a rule about using bank accounts with interest for a Muslim living in the West? Can I take the interest and give it to Islamic causes or should I leave it in the bank?.. More

  • Purchased house on Riba Date: 5-2-2002

    I have a specific question regarding bank loans. I have looked through all the questions and answers on your site regarding this issue. My parents took a bank loan 21 years ago to buy a house. We live in Europe. However, 21 years later they are still paying since they pay the interest. Practically they have already paid the value of house. It never.. More