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195 fatwas

  • Removing Niqaab out of need less serious than being involved in Riba Date: 22-7-2015

    Salam aleikum sheikh. I have a very important question about riba. I know its very haram to take riba. But me and my husband and our 3 small children live in a koffar country. My husband is trying to find job which is very difficult bcz the goverment discriminate foriners in this country especially muslims. Så until my husband have not find a.. More

  • High-interest debt likely only to be paid off by taking debt of lower interest Date: 15-7-2015

    Al Salaamu alaykum wa rahmat Allaah wa barakaatuhI am a young man who has a huge debt to pay, and who lives in the West. When I was still a child, I got into trouble with the authorities and I had to pay a huge fine. Of course I couldn't pay it, so now they want to add an interest rate of 8% every month so I have to pay more and more every time I do.. More

  • Bank charges heavy penalty if interest loan withdrawn Date: 13-5-2015

    Assalam U Alaikum Mufti Sb,My question is regarding bank loan, i am working in UAE, i took loan from bank without any solid reason as at that time some of my friends were taking loan and they insisted me to apply too and convinced me that i can use this money to buy some property as it is difficult to collect so big ammount due to our self made expenditures... More

  • Interest acquired before it was known to be forbidden Date: 11-5-2015

    Assalamoalaikum,Answer needed immediately,My maternal grandmother gave me 50000 rs for educational purpose from her pension,I consumed some 30000 rs, and 20000 rs is left with me,My queston is ,that What will I have to do now with the remaining money as She never had paid interest which she got from the bank account from last 20 years(she is gettting.. More

  • Her parents are paying for her education by taking a usurious loan Date: 1-4-2015

    Assalamualaikum wa rahmatullahi wa barakatu,I am a college student who is almost graduating. I am only going to college because my parents won't allow me to leave. They are paying for my education by taking out a loan in which they will not owe any interest unless they fail to pay it back by a specified time. They want to pay it back on time and avoid.. More

  • Working in a Riba-based bank out of necessity Date: 26-2-2015

    Salam 3alikoum I work in a bank in the UK, I am not happy with that because of the many fatwa that said that working for a bank is forbidden (Harram), now , I am lokking to start a small business like car wash or fast food restaurant, but I can only afford to invest 20 to 30% of the capital needed. it is permitted to borrow from the banks the 70% needed,.. More

  • Using Riba interest to pay debt Date: 27-12-2014

    I am syed Jahangir My parents had died our beloved father had left some deposits amount in banks for my brother and sister, we need to take back but we will get the amount with interest add. I have 3 sisters they also have some deposit amount My question 1. One my sister is Married and her husband in dept can we clear the amount of dept with that interest.. More

  • Taking a loan from someone whose money includes both lawful and unlawful earnings Date: 11-10-2014

    My father has involved in interest lik pledging half house property and getting loan and some other By way of interest now my father has both halal money as well as haram money and I have an idea of starting new business by borrowing money from my father and my question is dat if I start business by borrowing money from my father den my business would.. More

  • Taxes do not justify taking an interest-based loan from the state bank Date: 12-8-2014

    Asslamualaykum v.v. I am working in Government company.Hence i am government employee.As company offer me to give HOME LOAN of Rs.1550000/-[fifteen lacs fifty thousands] on 5-6% intrest.I also know that Riba is haram in islam,but being a government company ,every year i pay income tax+profession tax of total Rs.15000-Rs.20000/-app [per year] to government.. More

  • Facilitating a loan that involves interest is forbidden Date: 9-7-2014

    Assalam-ul-aicum. I work for a car dealer and a part of my job is sell warranty and other protection packages for a newly purchased vehicle. I am paid a commission based on what I sell. If a customer is financing their new car, and I submit their application to a bank, the dealership gets a type of referral fee. The amount of the referral fee is based.. More

  • Paying interest for late tax payment due to the accountant’s mistake Date: 7-5-2014

    Salam; I live in Canada and i have been charged an interest for filing my business tax late (due to the accountant) even though i paid it on the due date but Revenue Canada (Tax Ministry) received the amount late. I always avoid interest but this is what happened and i don't know what to do. Have i fall in Riba .. More

  • Taking a loan with interest to help relative pay tough debt Date: 10-4-2014

    Assalamu Alaikum, A close Muslim relative of mine is in severe financial hardship. He works hard, but has a large family and has had to borrow considerable amounts of money (without interest) from people to cover his family's expenses. But now he cannot repay his debt and might possibly go to jail as a result. I am a student in the United States and.. More

  • This transaction is a loan with Riba (usury) Date: 8-4-2014

    I intend to sell some products to clients, the clients don't have cash, but there is a lender who is willing to pay direct to us (as suppliers) and let the clients take the products then load his profit on the repayable amount. But because the lender isn't a Muslim he simply terms that profit as interest. Is there anything wrong for me to participate.. More

  • Opening a saving account in a usurious bank to get a long term house rental Date: 27-2-2014

    Assalamu Alaikum, I have been living in Stockholm Sweden with my wife and my daughter for almost a year and half now. During this period i have to rent and live at 4 different places and until now I am not able to have a secure place to live in. By secure place I mean a long term affordable house. My options are : 1- To borrow money from a bank and.. More

  • A promised fixed return on investment is Riba Date: 10-2-2014

    Assalam Alaikum, I am an Indian working in Saudi Arabia. Presently I have been offered a commercial Property (Retail space in a Mall). The developer assuring me , if I pay full amount, he will give me minimum 1% of the cost of property , as rent, every month for next 15 years. If the property goes with higher rent I will get the higher rent otherwise.. More