Business & Finance · Subtopic

Interest (Riba) & Banking

1,723 fatawa from 9 South African Darul Iftas on Interest (Riba) & Banking, part of Business & Finance. Newest first; every fatwa links to the page where its Darul Ifta published it.

Subtopics are grouped from each Darul Ifta’s own categories and the fatwa titles, so the count is approximate.

By Darul Ifta

Mufti Online865Ask Imaam693Ibn Masood88Azaadville37Jamiat KZN23MUBZ8Camperdown7MJC1DU Zakariyya1

Interest (Riba) & Banking fatawa — page 11 of 44

  1. Ask Imaam8 Oct 2019

    Interest money for bank charges

    as salaamualaikum recently I discovered that in a lawyers practice there are three accounts business account-this is used for daily running of the…

    Ahmed-Ur-Rahmaan ibn Mufti Mohammed Patel
  2. Mufti Online8 Oct 2019

    Disability insurance

    Is an income benefit/provider insurance policy allowed whereby one will receive an income if disabled and cannot work. At the age of retirement the…

    Mufti Ebrahim Salejee
  3. Mufti Online6 Oct 2019

    Receiving a discount when paying with one's credit card online

    An online store offers a discount, say 10%, if the buyer pays using a credit card. The discount is not available if the buyer pays using other means…

    Mufti Ebrahim Salejee
  4. Mufti Online3 Oct 2019

    Interest money

    I want to apply to study in Canada and for this purpose I need a GIC certificate. A GIC is an account which I will open in a Canadian bank to show…

    Mufti Zakaria Makada
  5. Mufti Online2 Oct 2019Roman Urdu

    Hifaazat ke liye paise ko bank me rakhna

    Islam me sood lena aur dena mana he. Isi liye bank me paisa rakhna bhi gunah he. Mujhe saving ke liye halal tariqa bataye.

    Mufti Ebrahim Salejee
  6. Mufti Online2 Oct 2019

    Donating interest money to a madrasah

    My bank credits me every quarterly with interest money in my account. What can I do with this amount? Can I donate it to any Islamic madrasa? If…

    Mufti Ebrahim Salejee
  7. Ask Imaam1 Oct 2019

    Al-Rayyan Bank Finance Schemes

    As Salamu Alaykum Wa Rahmatullahi Wa Baraka'tuh Shaykh, I had a question regarding halal Mortgages. Nowadays we see a lot of 'Islamic Banks'…

    Bilal Yusuf Pandor
  8. Mufti Online19 Sep 2019Roman Urdu

    Bank se discount milna

    Satisfy your food cravings with 40% off on Foodpanda when you pay with Meezan Bank Debit Cards. Kiya is tarah ke discounts debit card ke jaiz he?

    Mufti Ebrahim Salejee
  9. Ask Imaam17 Sep 2019

    The stigma of savings bank

    Salam Mufti Saab,Was hoping you could help guide me in the right direction. Question: When storing your money in a financial institution…

    Hasan Abdur Razzak
  10. Mufti Online17 Sep 2019

    Profits from a bank account

    Please can you assist with the following questions? 1. I have a *hajj account* as well as a *cheque account* with Al Baraka bank. The amount grows…

    Mufti Ebrahim Salejee
  11. Mufti Online16 Sep 2019

    Purchasing shares in a bank

    Is it permissible to have shares in banks intending to derive dividends only from bank charges income even though the money is mixed?

    Mufti Ebrahim Salejee
  12. Ask Imaam15 Sep 2019

    Working in a bank as a tax advisor/consultant

    Assalamualaikumwarrahmatullahiwabarakaatu, I wanted to query if they are any exceptions in regards to working for a bank. We’re currently not…

    Abdullah Noorgat
  13. Ask Imaam14 Sep 2019

    Credit card cash Advance

    Assalamu-alaikum Mufti saab, My question is about credit card bank offering certain loan in cash or purchases based on certain fees for facility…

    Hammad Ibn Ismail Jogiat
  14. Ask Imaam14 Sep 2019

    0% Credit cards

    Please advise if the following situation would be permissible in Islam- There are 0% money transfer credit cards that allow you to borrow a fixed…

    Ahmed-Ur-Rahmaan Ibn Mufti Mohammed Patel
  15. Ask Imaam10 Sep 2019

    0% interest in EMI

    Assalamualaiakum, My credit card is offering to book air ticket for 0% interest in EMI for 3 months. The clause says "Interest will be charged and…

    Akhyaar Uddin
  16. Mufti Online10 Sep 2019

    Big Sweep gambling

    My question is about gambling. In my country, we have something called Big Sweep. How to play: 1. Buy a ticket at $3 each. 2. Draws on every first…

    Mufti Ebrahim Salejee
  17. Mufti Online8 Sep 2019

    Disposing of interest money and money from cashbacks

    Where can I spend bank interest money, cashbacks, etc.? Can I donate this money to charity?

    Mufti Zakaria Makada
  18. Mufti Online8 Sep 2019

    Paying back an interest loan or delaying it until it is written off

    My question is about the UK student loans. I took out the loan to go to university not knowing back then that it was haraam. The UK student finance…

    Mufti Zakaria Makada
  19. Ask Imaam5 Sep 2019

    Gatehouse Bank Shariah Finance

    Assalam alaikum wa rahmatullahi wa barakatu. I am wanting to purchase my first home as currently living on rent. I have more than half the amount. I…

    Bilal Yusuf Pandor
  20. Ask Imaam4 Sep 2019

    Are cash backs and rewards received through Credit card and E wallet permissible?

    Assalamualaikum I have a question on cash back on purchase, the cash back is given by the E-wallet or credit card company not by the seller.Is it…

    Naved Akhtar ibn Shabbir
  21. Mufti Online4 Sep 2019

    Paying off a bond with someone's interest money

    Person A has a bond on his home (home loan). Person B has interest money. Can person B give this interest money to person A to pay off his bond.

    Mufti Zakaria Makada
  22. Mufti Online4 Sep 2019

    Cash backs and discounts when using a credit card

    A few months ago, a technology company that makes and profits off smartphones and other devices (Apple) partnered with a US bank to offer a credit…

    Mufti Zakaria Makada
  23. Mufti Online29 Aug 2019

    Charging a service fee for lending money

    Is lending money by a Muslim for a standard service fee halaal? If not, what is the permissible way of a Muslim lending money?

    Mufti Zakaria Makada
  24. Mufti Online27 Aug 2019

    Is maintaining a friendship after taking a loan interest?

    A person agreed with another person to lend some money and in exchange they will continue their friendship relationship. They have been friends for…

    Mufti Ebrahim Salejee
  25. Jamiat KZN26 Aug 2019

    Why is Riba – Interest/Usury Prohibited in Islam?

    Please provide the reason of why interest is haraam

    Mufti Moosa Salie
  26. Mufti Online25 Aug 2019

    Investment that accrues interest

    I am investing with a group but the investment attracts 3% interest. I know interest is haram. If the investment makes a profit and my share is…

    Mufti Ebrahim Salejee
  27. Ask Imaam23 Aug 2019

    Are Islamic credit cards halaal?

    Is this Permissiable to get cash on islamic credit card with profit rate and paid in 12 months

    Nadeem Moulana
  28. Mufti Online22 Aug 2019

    Disposing of interest money in one's bank account

    I have a savings account in a bank in India. Every 3 to 6 months different amounts of interest money is credited to my account. 1. Can I give this…

    Mufti Ebrahim Salejee
  29. Mufti Online20 Aug 2019

    Doing research on banking and the financial sector

    Is it permissible in Islam to research banking and financial sector? I am currently researching how bank management and governance structures…

    Mufti Ebrahim Salejee
  30. Mufti Online5 Aug 2019

    Claiming from the UIF Fund

    Is it permissible for an employee to claim from the UIF Fund or is it like an insurance plan? Kindly explain the status of this fund.

    Mufti Zakaria Makada
  31. Mufti Online4 Aug 2019

    Helping someone in financial problems with haraam money

    I have a friend who is in financial trouble, he has to repay a huge amount of a loan. I know one person who has won some money in a bet, he wants to…

    Mufti Zakaria Makada
  32. Mufti Online31 Jul 2019

    Receiving a prize in a lucky draw from a bank

    I am living in United Arab Emirates (Abu Dhabi). Here, there is a scheme available in the Banks by the name of "National Bond". In this scheme, I…

    Mufti Zakaria Makada
  33. Mufti Online28 Jul 2019

    Assisting someone pay off an interest bearing loan

    My father bought a house through the bank on an interest bearing bond. He got into financial difficulty and needs my help to repay the loan. If I…

    Mufti Ebrahim Salejee
  34. Ask Imaam17 Jul 2019

    Santander bank. Working in the IT team

    Assalaam alikum, I know this question has already been asked. I work for myself (a limited company) and have a contract with an agency which places…

    Mahmood Suliman
  35. Ask Imaam17 Jul 2019

    Riba in Dar al-Harb

    Al Salamu Alaykum Wa Rahmatullahi Wa Barakatuhu. As I have read somewhere, Imam Abu Hanfiah (rahimahu Allah) sees that dealing with interest or such…

    Muhammed Shafi
  36. Ask Imaam17 Jul 2019

    Standard Bank Finance Lease Vehicle

    As salaamu alaykum Standard bank offers a finance lease vehicle finance where at the end you may return the car, take ownership or extend the lease.…

  37. Mufti Online1 Jul 2019

    Leasing one's property to a conventional bank

    Is it permissible to lease one’s property to a conventional bank?

    Mufti Zakaria Makada
  38. Mufti Online30 Jun 2019

    Bank reimbursing a service fee

    A bank in the US is offering an automatic reimbursement of foreign ATM fees on their checking account. **The reimbursement is in the form of cash,…

    Mufti Ebrahim Salejee
  39. Mufti Online23 Jun 2019

    Disposing of interest money accumulated by a body corporate

    I would like to query the issue below: I am part of a body corporate of a complex based. The body corporate has been in place for about +/- 12 years…

    Mufti Ebrahim Salejee
  40. Mufti Online22 Jun 2019Roman Urdu

    Bank se paise waapis karna

    Mere ek dost London, U.K reh kar aaye he. Wo waha student visa par gaye the aur bari pareshani huwi job milne me aur jitne paise kamate visa renewal…

    Mufti Ebrahim Salejee

Read-only index of fatawa already published by South African Darul Iftas, each linked to its original. Not a fatwa service — for your own situation, ask the issuing Darul Ifta.