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88 fatwas

  • Purchased a Car through Partially Interest-Based Financing

    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

    84869 16-9-2002

  • Interest Payments as Compensation for Taxes in USA

    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

    84864 16-9-2002

  • Investment bonds

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

    84722 26-8-2002

  • Bank prizes

    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

    84114 6-5-2002

  • Buying Houses in UK with Mortgage

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

    84041 23-4-2002

  • Bank accounts with interest

    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

    84007 20-4-2002

  • Purchased house on Riba

    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

    83738 5-2-2002

  • Renting a Building to a Riba Bank

    Is it allowed to rent out a building to a non-Islamic bank which collects interest? .. More

    83757 31-1-2002

  • Dealing with Banks

    1) Is medical insurance Haram or Halal? 2) Is the transaction with banks Haram or Halal? How can we solve this issue as life is changing, and without banks that are free from of interest, business is very hard and Islamic banks are not everywhere? On the other hand, sometimes you might pay fees to banks for many transactions. So what is the ruling.. More

    83704 29-1-2002

  • Getting Money from Bank to Buy House

    Getting money from Italian banks to buy a house. .. More

    83688 26-1-2002

  • Buying house on mortgage

    I live in Ireland and I would like to by a house though a bank mortgage, I would like to know the conditions that have been released by the European Islamic committee which I believe has a good knowledge about the difficulties in living in European countries... More

    83650 15-1-2002

  • Wanting to buy house with interest

    I have a question about buying a house. Situation: I live in Holland, two of my daughters study dental medicine in a city two hours away from our house. They spend daily four hours traveling. It's very difficult to find a rent house and to pay it. The girls refused to borrow money from the university, because of interest, following your Fatwa before. I.. More

    83536 13-12-2001

  • Free shares from a bank and how to dispose of them

    I live in England, I have a bank account which gave me some free shares. I've had these shares for a number of years, the price has changed regularly. I've never sold them or benefited from them financially, but I've begun to consider whether I was required to pay Zakah on them. If I pay Zakah on them, do I pay Zakah for all the missed years since.. More

    83472 20-11-2001

  • Buying house on installments with interest

    I am Muslim living in Canada. I am interested in buying a home but I cannot afford to pay the full amount in cash. The only way available for me is to buy on monthly/weekly installments. But these installments contains interest in it. I understand that interest is Haram, so what is the option available for me in this case... More

    83304 18-9-2001

  • Opening an account in a bank in a Muslim country

    I want to open an account in a bank. In my Islamic country, there are two types of account, one gives you interest on your money per month (faeda) and the another without any (faeda). Can I open the first type and direct this interest to any Islamic cause, not as sadaqa or Zakah, as a gift? Or should I avoid this type of account and make only an account.. More

    81349 11-9-2001

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