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28 fatwas

  • Taking Personal Loan from Islamic Banks in Qatar Date: 15-3-2020

    Assalamualaikum warahmatullahi wabarakatuhu... Is it permissible to take a personal loan from Islamic banks like Qatar Islamic Bank. Are these banks fully compliant with Shariah? Can we rely on them for our financial needs? Thanks wa Jazakumullahu khaira .. More

  • Obligation to pay accumulated bank fees Date: 19-6-2015

    assalamo alaikom.i left my country 5 years ago and I didn't close my banc accompt because t thought that once its inactive it would close automatically,but I found out that the banc did not close it and they are still accumulating banc fees on me even I don't use it.my question is:do I have to pay those fees.jazakom allah khayr.assalamo alaikom .. More

  • Bank is entitled to refuse investments of those whose income is doubtful Date: 29-5-2013

    salam.. The bank refuse investment from certain individuals and companies whose income is questionable. Is it shariah compliant or not? .. More

  • An Islamic bank offering a fixed profit rate Date: 21-3-2013

    As salamu alaikum, My question is regarding one leading shariah compliant bank in qatar offering almost fixed profit rate of three percent (3%) on a high profit savings account. Upon enquiring with their sales/service person they informed me that they try to maintain the profit rate at three percent so as to benefit the customer, even if the whole profit.. More

  • Dealing with a bank whose shareholders' money is not lawful Date: 19-1-2010

    salam, Is is halal to deal with an bank saying it is an islamic bank when the money of this bank shareholders is not halal ( tourism/alcohol, insurance ,stolen money ,money from riba bank) chokran.. More

  • Islamic finance companies asking for securities from their clients Date: 12-10-2009

    Can an Islamic Investment (Finance) Company ask for securities from its clients in order to give facilities? .. More

  • Cooperation for establishing Islamic banks Date: 10-11-2007

    Why don’t wealthy committed Muslims establish Islamic banks as a substitute for Riba-based banks? .. More

  • Disposing of a car purchased from an Islamic bank before paying its full price Date: 6-5-2007

    ASELAM ALEICUM WERAHMETULLL OR I WANT BUY A CAR FROM ISLAMIC BANK THE PAYEMENT IS NOT IN ONE TIME THEN AFTER I BUY THE CAR I WANT TO OPEN RENTAL CAR COMPANY BEFOR I FINISH THE PAYEMENT I NEED THE CARS FOR THIS PURPOSE IS THAT HALLA OR HARAM PLEAS ANSWER ME DIRECTLY MY QUESTION JEZAKUMULLAH KEYREN.. More

  • Paying a non-refundable deposit as a sign of seriousness when buying through an Islamic bank Date: 19-12-2005

    In the Muraabahah home-purchasing schemes in the West in which a home buyer selects a house and the Islaamic Bank or Islaamic Mortgage Company buys the house in its (Bank's or Company's) name and then resells it at a marked up price to the buyer, is it permissible for the buyer to contribute part of the initial price the Bank will pay to acquire.. More

  • Buying a car through an Islamic bank Date: 8-9-2005

    Can you advice me about taking a car through Qatar international Islamic bank? I have an account with them and wish to take a used car. I was told that they are not taking any Ribaa... More

  • Non-Muslims opening accounts in Islamic banks Date: 31-8-2005

    Can a non-Muslim opens a bank account in an Islamic bank? .. More

  • Working in a bank with an Islamic division Date: 11-8-2005

    I have recently completed my MBA and am applying for jobs. I have an offer from a local bank which also has an Islamic Division. Is it lawful to join a bank or any Islamic bank? I am confused and would appreciate an urgent reply, since I have to submit my Willingness/Unwillingness in few days time. .. More

  • Buying a house on an Islamic mortgage Date: 2-3-2005

    Can I buy a house by using Islamic mortgage, which are available British based Islamic banks? .. More

  • Halal banking in UK Date: 22-8-2004

    I have two questions: One, does 'Halal Banking' exist in the United Kingdom that is within the Shariah?.. More

  • Non-interest banking transactions Date: 14-6-2004

    Dear Brother: I have an import company.In our country, Islamic banks have very poor service; it is very difficult for us to get the proper credit to run the business. I have a current account without interest in one of the banks that deals with interest. The bank offers us the following (Islamic financing service): When we want to import some commodities.. More