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195 fatwas

  • Financing Construction as a Loan Date: 12-3-2018

    The government gives small projects to area organizers and activists such as building community centers, toilets and utilities. Once the job is done, the cost will be paid by the government. One of my relative funding these projects for which he charge 10% of the fund he gave. He says it’s as a commission. Can we consider this as interest ? .. More

  • Studying interest loans as part of Math course Date: 3-1-2018

    Hello. I am a student in college, in the Health Information Technology program, which requires me to take Maths with the Business App course. This course covers multiple concepts of basic math computations as well as teaching students about simple and compound interest. My question is: is it permissible to study interest (loans) because part program.. More

  • Adding experience in interest-based bank on CV Date: 3-1-2018

    I have worked in a non-Islamic bank which deals with interest for one year. After realizing it is haram, I left the job and asked Allah for forgiveness. My question is: can I include this job experience on my CV considering that it was haram? If I get another job on the basis of this job, will I be sinful? .. More

  • Income-Share-Agreement (ISA) Date: 22-12-2017

    Assalaamu alaykum. This finance-related question is controversial. I reside in the US and have asked a few knowledgeable imams. Some of them expressed that it is haram, and others did not. I would like to know if income-share-agreement, also known as ISA, is an interest-free financing halal alternative. We all know that loans with interest are haram.. More

  • Taking government interest-based loan to pay university tuition Date: 30-11-2017

    Assalaamu alaykum. I live in Australia, and we can have the government pay our university fees whilst we study. When we graduate, we then pay the government 125% of what they paid for us during our studies. Is this considered interest, or just profit? We never get the money, the government just pays the university on our behalf. And then we pay the.. More

  • Debt not to be settled with money earned from interest Date: 8-9-2017

    Assalaamu alaykum. Can received interest be utilized to settle a debt? My father passed away and there are some debts left to settle. We received his Employment Providence Fund (EPF) from the government (labour department); the total amount is approximately LKR 950,000. In that, only LKR 266,000 is the contribution; the balance amount is interest. Can.. More

  • Using money other person earned from interest Date: 3-9-2017

    Assalaamu alaykum. I am a practising Muslim who lives in Pakistan. Praise be to Allaah, I have changed a lot after reading the Quran with translation; I have stoped doing those things which could make my Allaah angry and started doing those things which could make Allaah happy; I have started loving Prophet Muhammad, sallallahu 'alayhi wa sallam,more.. More

  • Prize won by having account in interest-based bank Date: 23-5-2017

    Assalaamu alaykum. I have a question about a motorbike that I got from my father. My father opened an account in some conventional bank (which is interest-based), an he got a prize because of that, a motorbike; this was in 2008. Now, prior to 2016, I never realized that using anything from an interest-based bank is haram, and my father did not seem.. More

  • Partnership with someone who deals with interest Date: 10-4-2017

    We are 12 friends who purchased a piece of land, and we all contributed an equal amount of money. We have a plan to develop the land for joint housing, Allaah willing, as the land is about 2880 square feet. There is a chance that some of my friends may use a fund from an interest-based loan, but I and my other friends will use our own savings fund,.. More

  • Sin of interest related to person, not to money itself Date: 21-2-2017

    I have been given a large amount of money by the government in my country due to illness for a couple of months; it is completely halal money, Allaah willing. Now my father gave his bank details for the money to be transfered into his bank account rather than mine. In his bank account, he owes the bank money along with interest, which the bank will.. More

  • Tax rebate in this National Saving Scheme interest Date: 18-2-2017

    In fatwa number 319753 (http://www.islamweb.net/emainpage/index.php?page=showfatwa&Option=FatwaId&Id=319753), you did not clearly state whether the 15,000 rebate itself would be interest or not. Please have a look into the question again by entering the link above, and let me know this as soon as possible. .. More

  • Striving to get rid of usurious loan Date: 9-1-2017

    Assalaamu alaykum, Sir. I have a problem. For the last four years of my engineering course expenses, we have dealt with a bank for an educational loan. I was not completely aware of what Islam says regarding interest. I only knew that it is haram for the one who takes it, but maybe not for the one giving it. We only took a loan of Rs.40,000 forone semester,an.. More

  • Ruling on income from business funded by unlawful capital Date: 21-12-2016

    In Islam, it is haram to take dowry from the father-in-law. A man took dowry and started a business with the money taken as dowry, and he later also took a loan from the bank to grow his business; is his whole income haram now? .. More

  • Car leasing contract that involves refundable interest Date: 31-10-2016

    Assalaamu alaykum. I have a question regarding car leasing. I have a business and would want to lease a car, but apparently there is interest in the lease. I live in belgium. The Belgian State gives 100% back on your expenses for your business, also the interest. Is it haram to lease with interest if I get it a 100 % refund? .. More

  • Giving loan to person in return for staying in house he owns Date: 30-10-2016

    Assalaamu alaykum, My relative leased a house in which my mother is staying. The lease amount is 35,000 Rupees . There is no written contract, only a verbal agreement that once they return the above amount, we will vacate the house or pay rent after that if they agree. (They are not ready to give a written contract now.) Already three years have passed.. More