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194 fatwas

  • Renting in a building constructed with a bank loan Date: 8-9-2004

    I want to know about that whether it is permissible to purchase a flat of a building from the owner who might have build that building with the money taken as bank loan and paid interest... More

  • Depositing money to use interest for a good cause Date: 16-8-2004

    Is it permissible with intention to keep deposit money in bank, the interest money be paid to near relatives who are poor like uncles, aunts. (The intention is to get interest money that will help poor relatives). Is it permissible, please clarify. .. More

  • A financial policy Date: 11-5-2004

    My friend recommend to me a financial policy. It works like this. For 2 years every month I pay $70. The amount will be for two years $1680. After 2 years onwards every year I will receive $1000 for another 25 years, at the same time I will be paying $70 monthly. At the end of 25 years if death occurs my family will get $10,000. Is this policy.. More

  • Investment scheme called 'Kisan Vikas Patra' Date: 11-5-2004

    In India there is an investment scheme from the government called 'Kisan Vikas Patra' which means 'Farmer's Development Scheme'. In this government scheme the citizens can invest money for a fixed period and this money is used for the development of the farmers by the government. In return the depositor's money is doubled in seven years. Is.. More

  • Bank certificates used for drawings Date: 22-4-2004

    Here in Qatar Mashriq Bank (the headquarter is in U.A.E) issues certificates each worth 1000Qatari Riyals and at the time of purchasing of these certificates they charge 25QR as their application processing charge irrespective of the number of the certificates purchased (i.e. forone orone thousand certificatesthe cost is 25 QR only). Monthly.. More

  • Dealing in money schemes Date: 10-4-2004

    There is this scheme here in UK known as circle of success. It does not involve any official body controlling it. But it's among people. Everyone who joins in has to pay 3000 pounds and has to bring 2 other people who pay 3000 pounds and each of these 2 people bring 2 more people with them who pay another 3000 each. As this thing goes on and.. More

  • Concerned about student debt and other Islamic obligations Date: 27-3-2004

    While I was a student in the US, I had to borrow some money from the American ‎government. The government was paying the interest while I was studying. For some ‎personal reasons I had t move out from theUS and to my home country, which is poor. ‎Which of these do I have to take care first: debt, marriage or Hajj? Know that my debt ‎is substantial.. More

  • Family's income from doubtful sources Date: 15-3-2004

    I have been married to my husband for 8 years. I knew after I married him that the 2 houses he has he bought after taking mortgage with interest from the bank. I told him that this is Haram but he never listens. He also bought 2 other houses the same way and didn’t listen to what I told him. Now we live in one house and he rents the others... More

  • Regrets a Riba transaction Date: 13-3-2004

    I purchased a house in Ireland in 1998 by taking a loan from a bank. I know it is a great sin to deal in Riba. My intention initially was to profit from there-sale of the property. I have come to realise this great sin and evil and truly feel very bad about it. Currently I am using this house as a family residence andcannot sell it. Rents locally.. More

  • Her Father Deals In Interest Date: 3-3-2004

    My question is about the interest my father receives from a saving account in a bank. I know that interest is Haram and I have informed him of the punishment which Allah will give in Qiyamah to the person who deals in interest. But he fails to understand. I'm not sure whether my prayers are valid; according to Hadith a person who deals in interest his.. More

  • Getting rid of a house taken by usury Date: 18-2-2004

    I bought a house with money that I borrow from a bank so I heard many time that it was forbidden well I chose this way because I couldn’t have the possibility to rent been apartment I wanted to marry en mine parent’s house was too little for me en mine wife. I want to know if it's Haram of Halal, is it Riba? .. More

  • Wants to repay loan attached to Riba Date: 25-1-2004

    I am in debt for about 4000 lbs and I always feel very bad and guilty about it. I tried in many ways to get a loan or help free of Riba from our brothers, but they all said, "Sorry!" So I am working hard to repay this loan as soon as possible. Also, I do not want to stay in Dhar al-Kufr (land of disbelief) for long. What do you advice me to do?.. More

  • Investment fund and its profits Date: 25-1-2004

    We have a provident fund scheme at our office in which our contributions and employer’s contribution are collected. Is this investment fund and profit Halal if the investment of fund is made in defense saving certificates of govt. of Pakistan and in Faisal Islamic bank?.. More

  • Dealing with the one who involves in Riba Date: 1-1-2004

    Is it completely Haram to work in the banks? I investigated this a lot of times but somehow I find it difficult as I feel more or less all the salaries of different companies may be coming from the interest as they must have invested money so why is it said that it is Haram to work in banks even though the person is not taking interest he is getting.. More

  • Teaching or learning Riba transactions Date: 1-1-2004

    Is it permissible for a Muslim, who is Lecturer/Professor of economics, to teach interest related theories/topics etc. (which are part of the Syllabus) to the students?.. More