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81 fatwas

  • What to Do with a Big Amount of Interest Date: 30-9-2020

    Assalamu alaikum,I have a bank account with some fixed deposit and i am getting regular intrest for this deposit for a long period i am not using this intrest because intrest is haram for a muslim and this intrest amount lying as a big amount in bank can i use this for my poor muslim brothers and sisters for their education and business purpose without.. More

  • She Cooperated with Her Husband in Buying a House with Riba Date: 19-7-2020

    Assalamu alaykum. InshaAllah your in good health. Me and my husband just brought a house but we had to borrow half of the money from a normal bank which charges interest. The house and the loan are under both of our names because that's the way it had to be and that's how my husband wanted it to. I know it is haram to take out a loan from banks that.. More

  • Working in A Usurious Bank Is Absolutely Prohibited Date: 24-3-2020

    How can it be that working in a non Islamic bank is prohibited even when one’s job is in no way at all whatsoever involved in riba or help in committing riba? Like giving or taking cash, currency exchange, etc. Only the loans and the interest gained on savings is haraam. .. More

  • The Spread of Riba Is a Sign of the Hour Date: 20-10-2019

    Assalam aalekum sheikh I see that many people buy house on loan and they ask others to do .sheikh it is sign of end times .they buy house on loan and feel that they have achieved very great thing.how to prevent our self with the love of this world and prevent our thing from such things .. More

  • Salary Deposited In An Account With Interest Date: 1-1-2019

    I work for a NGO and my basic salary is 7447 birr ( Ethiopian birr). 50% of that money is further deposited into an account on my behalf ( provident fund, as they call it) with a small but poisonous interest (35 birr for every 1000 birr). How should I deal with that kind of money? Thank you. .. More

  • Designing AC Systems for Central Banks Date: 16-12-2018

    Alsalam alykomi am a mechanical engineer working as a designer of air conditioning systems for any type of building .My question is : is it haram to design the air conditioning system for a central bank? .. More

  • Working in Investment Banking Date: 4-10-2018

    is working in investment banking is halal their work is related to merger and acquisition, manage client portfolio, act as a intermediate between compony and commercial bank (they advice bank to issue Loan to compony or not they also help compony in issue a share .. More

  • Taking an Interest-based Loan to Study Date: 16-7-2018

    Assalamu Alaikum wa rahmatullahi wa barakatu,I live in Canada and I am currently a student at one of the universities in this country. My goal is to become a social studies teacher because there is a great need for Muslim teachers even within secular subjects. However, the issue is that I have fallen into the trap that so many students have fallen into.. More

  • Using orbit points on current account in interest-based bank Date: 9-11-2017

    Assalaamu alaykum. I am using acurrent account just to keep my money safe. I hate getting interest. I want to clarify an issue; my bank has launched a new scheme through which they give every customer some ''orbit points'' on different sort of transactions or money deposits, money deposited, using cards, doing shopping with cards, etc. according to.. More

  • Paying bank charges from interest money Date: 19-7-2017

    Are we allowed to pay our bank charges with interest money? For example, the money that the bank charges for the withdrawal of our own halal money? We do not want interest; we do not want to use it in anyway; we just want to give back their money which they give as interest in the form of bank charges. If we do not pay these charges to the bank from.. More

  • Opening account without interest in interest-based bank out of necessity Date: 7-12-2016

    Assalaamu alaykum. I have a question which I am very concerned about. In order to study at an Austrian university, I am requiered to open a bank account and deposit a large amount of money in order to get a visa, and my student dormitory also wants me to open a bank account so that they can take the monthly rent from my account. Is this considered a.. More

  • Money notes from usurious banks not unlawful Date: 19-7-2016

    Assalaamu alaykum. I live in Bangladesh. There are many Islamic Banks nowadays. Let us assume that all of them are Islamic. Nevertheless, they have to deal with the money notes of the Central Bank of Bangladesh which is a 100% interest-based bank. Some of my friends say that Islamic Banks cannot be halal because the money notes that they use come from.. More

  • Depositing money in interest-based bank Date: 6-7-2016

    I have a mudaarabah savings account in an Islamic bank, and my father has an interest-free savings account in an interest-based bank. My father gives me a certain amount of money to deposit in my account. After some days, however, he asks me to withdraw the money from my account and also asks me to go and deposit the money in his own account in the.. More

  • Interest given by commercial banks is forbidden riba Date: 4-5-2016

    This particular query is only regarding the extra money termed as interest given by banks on a savings account. I have heard people say that interest paid on a savings account is also haram. Interest given on loan is haram, but how can interest given by banks on savings be termed as haram? Here, the depositor gives money to banks, banks use that money.. More

  • Ruling on 'zero percent financing' car purchases Date: 15-3-2016

    Assalaamu alaykum wa rahmatullaahi wa barakaatuh. These days, in the UAE, car manufacturers are teaming up with a few banks to bring so called '0 percent' financing. In traditional financing, like murahaba, for example, the car manufacturer gives a discount to the buyer from the original 80,000 to 70,000, which is a 10,000 discount, and the Islamic.. More