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View By Subject 202 fatwas
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Taking a Riba-based student loan does not affect consequent job
As salamu alaikum, i hv taken a loan for my graduation, will my job based on graduation be haraam & i work in a US based research company which deals in debt and my job profile also include finding terms and conditions of debt/ bonds, is anyone of the above cases is haraam???
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Impermissible to help a non-Muslim deal in Riba
Salam Alaykum shaykh. I have a friend ho have accepted islam not long ago. He asks if it is allowed for him that his father who is not a muslim, buys a house With a loan based on ribaa. And then my friend will buy the house from his father by monthly installement,wihtout ribaa?
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Riba is prohibited in all its forms whatever its benefits may be
As-Salaamualaikum Sheikh / Scholars, All perfect praise be to Allaah, The Lord of the Worlds. I testify that there is none worthy of worship except Allaah, and that Muhammad, sallallaahu ‘alayhi wa sallam, is His slave and Messenger. What’s the ruling on the below two different person (A & B). If they both are from Lower middle class family.. More
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He regrets using uncovered credit card
Assalamoualaikoum, I had to rent a shop to sell some items. i needed to pay 2 months advance to the owner to cover the eventuality i close the shop and go away without notice. plus 1 month advance for the current month. I ran short of money because of delay in receiving money from contracts and in order to get the shop, i resorted to my credit card.. More
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Depositing a rent guarantee in a Riba-based account
BISMILLAH Assalamu 'alaikum Before I became a muslim I rented a flat in which I live until now. The condition from the renter was to take from me a guarantee-deposit. This guarantee-deposit is stored in a riba-based account in the bank until I move out from my flat someday. Now as a muslim I asked the renter to stop the account and to store the.. More
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Disposing of Riba incurred from a mandatory provident fund
company's (where i am working) mandatory policy is to cut the 10% of the basic of the employees salary. After at least 25 years of service they return it to the employee with some benefit. Benefit comes to investing in fixed deposits in conventional banks. Is it halal for the employee to take the extra benefit of the Provident fund as the company.. More
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In principle, you are not permitted to take a Riba-based loan
Assalamu Alaykum great scholars. I live in Norway where students at College/University can get student loans. The loan is interest free in the study period, and actually turns into a scholarship/stipend (free money) at the end of the semester if all the exams get passed. If we fail the exams it is still an interest free loan that can be turned.. More
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Ruling on financial certificates and how to get rid of interest
AsSalamOAlaikum-Warehmatullahi-Wabarakatuhu, My father was a very successful businessman in his times but wasn't religious at all. He bought some National Saving Certificates from "National Saving Centre" which is one popular government institution in Pakistan. He bought following certificates: (i) Behbood Saving Certificates (BSC) (ii) Regular Income.. More
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An employee given a bonus by his company whose money is mixed
I am working in a govt. Gas Transmission & Distribution Company. Its main business is purchasing and selling of natural gas. Every year company gives 5%profit bonus as 'Workers Profit Participation Fund'(WPPF) from Profit before tax. Every year each and every employee get the same amount of money from it in addition to regular salary, bonuses.. More
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Taking an interest-based loan from compulsory savings
I am working in an institution which compulsorily saves a portion of my salary in a bank in return for interest. At the end of my service, I will receive such money in addition to the interest. The firm allows the employees to take a portion from the savings in the form of a loan with interest equal to that interest which they should get in addition.. More
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The transaction in question combines two abominable kinds of Ribaa
I have a friend who was waiting to receive a bank money order from another country in order to send it with someone who would then travel to another country. However, the bank money order did not reach on time. Therefore, he asked me for a loan saying, “If I do not receive this amount of money today, I must travel or I will lose 700 dollars in.. More
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He purchased a piece of agricultural land by Ribaa, will its produce be unlawful?
A father purchased a piece of agricultural land by a bank loan. Will the produce of the land be unlawful, noting that the loan is based on Ribaa? If yes, are the children considered consumers of Ribaa like their father?.. More
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Ruling on paying the rent of one’s apartment with bank interest
There is a man who has an amount of money which he deposited in the bank so as to pay the rent of his apartment from the interest that it accrues. He does not have any other resource. Is this lawful?.. More
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His wife insists on investing her money in saving certificates
Investing in govt. Savings certificates is halal or not & my wife insisting to invest her own amount in these certificates but i am refusing coz its not gud & halal and did i have rights to stop her to do not invest?.. More
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Buying a car does not make it permissible to enter into a Riba-based dealing
I have a bank account in a certain bank from which I got a loan on interest, like other banks. At the same time, I provide a monthly sum for an orphan whose father has died. Does the unlawfulness of the interests (of the loan) consume the reward of providing for the orphan? It is noteworthy that I was forced to obtain the loan to be able to buy a.. More
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