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28 fatwas

  • Profit making without interest Date: 8-6-2004

    I have a question regarding business and banking according to Shariah. - Since it's not permissible in Islam to deal with interest, what is the other way for a bank to make a profit? - Is it permissible in Islam, to sell something for a higher price than what you have paid for it, for example, having a store and selling items/products for.. More

  • Dealing with Islamic banks Date: 19-5-2004

    Are deposit in Islamic banks accepted or prohibited in Islam?.. More

  • Islamic banking in practice Date: 19-5-2004

    DoIslamic banks really abide by Islam, or is 'Islamic banking' just ascheme to circumvent the Shariah? Is it Halal to work for such banks?.. More

  • Putting money in Faisal Islamic Bank of Egypt Date: 2-5-2004

    Is it Halal to put my money in Faisal Egyptian Islamic Bank? .. More

  • Seeking position with Islamic bank Date: 8-2-2004

    I am seeking a good and Halal internship for my MBA Finance Program outside of usury companies, I have heard about Qatari Islamic Banks whose transactions respect the prescriptions of Shariah. In this regard, I would like to know if any of scholars committed in your website can make me Tazkiyah for one the Qatari Islamic Bank. If you can do that.. More

  • Risk at Islamic banks Date: 13-11-2003

    I am an Msc student. My question is: How do Islamic banks assess risk when financing a project?.. More

  • Doubts about Islamic Banks Date: 17-9-2003

    I would like to know about the loans from banks, Islamic bank says it is not interest but thier banking system is similar to other banks what is your opinion regarding this query? .. More

  • Islamic banks charging low interest rates to Muslims Date: 2-2-2003

    Can Islamic banks charge low interest rates on loan to fellow Muslims? .. More

  • Depositing money in an Islamic bank Date: 6-11-2002

    I would like to know what Islam says about depositing money in an Islamic bank. Is it considered as "Riba"?.. More

  • Interest of Islamic banks Date: 28-10-2002

    I'd like to ask about interests of Islamic banks whether its Halal?.. More

  • Location of Islamic banks in the US Date: 5-5-2002

    Could you tell please if there are banks in the United States (New Jersey state) that give loans without interest (i.e., agree with Islam) to buy a house?.. More

  • Islamic banking Date: 8-4-2002

    My question is regarding the Islamic bank. How do the employees in an Islamic bank get their monthly salary and from where? How does an Islamic bank function? If you have some book or site regarding this information in detail, please forward it to me... More

  • Legal Transactions of Islamic Banking System Date: 28-6-2001

    Is the Islamic rulings about the profit taken by the Islamic Banking System, if we take loan to buy something, the same as the interest taken by other banks? As per the Islamic Banking System, it is said that they are buying something and selling it to the person taking the loan with a specific profit. Please explain. May Allah Almighty reward you for.. More