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
Interest (Riba) & Banking fatawa — page 14 of 44
- Mufti Online13 Nov 2018
Taking loans on interest in India
From my understanding, scholars in India at one point gave a fatwa that it is permissible to take loans on interest, mainy because they were living…
Mufti Ebrahim Salejee - Mufti Online10 Nov 2018
Lottery scheme to win a house
In India there is lottery scheme. We can get house on a low budget. First we have to pay some amount then there will be a draw. Whoevers name comes…
Mufti Zakaria Makada - Mufti Online6 Nov 2018
Returning marbles won while playing with friends in one's youth
When I was younger I used to play marbles for takes. Only recently I found out that it is haram. I still have all my marbles with me. What should I…
Mufti Ebrahim Salejee - Mufti Online5 Nov 2018
Earning profit from Islamic banks?
I am going to retire in the near future. I dont want to deposit my money in any bank due to interest as it is haram. However, there are many Islamic…
Mufti Zakaria Makada - Ask Imaam4 Nov 2018
Clarification- Working for an Interest based accountancy firm
Assalamualykum. I have 2 questions regarding with being an accountant 1) is it permissible to own an accountancy firm in which i will be subject to…
Muhammad I.V Patel - Mufti Online4 Nov 2018
Accepting interest money to pay off debts
I'm currently unemployed and had to close down my business and there isn't anyone else in my household working. I have debts too pay off apart from…
Mufti Ebrahim Salejee - Mufti Online3 Nov 2018
Receiving interest money
If x person doesn't have a good income in his business and his business is going in a loss. He doesn't have any other source of income. This x…
Mufti Zakaria Makada - Ask Imaam2 Nov 2018
Giving interest money to one’s needy brother to pay his university fees
I got my money from the bank becuase of job change and happen to know that I had too much interest on that. My question is, now that I have the…
Muajul I. Chowdhury - Mufti Online31 Oct 2018
Using a credit card
I have a credit card. When I become cash strapped I resort to the credit card due to ease of access and I always try to pay the debt on the credit…
Mufti Ebrahim Salejee - Ask Imaam27 Oct 2018
Paying transaction fee with the interest received from the ICICI bank
Dear Mufti shahab, Assalam Alaikum, I would like to know that can i compensate the transaction charges of any bank from the interest amount got from…
Mirza Mahmood Baig - Mufti Online25 Oct 2018
Taking an interest bearing loan to start a business
I live in a country where all systems of the government are un-islamic. Most of the time our non-Muslim counterparts enjoy all the benefits from…
Mufti Ebrahim Salejee - Mufti Online25 Oct 2018
Is credit guarantee (CGIC) permissible in Islam?
In business, we sometimes suffer great losses when our debtors fail to pay us. To secure ourselves against these losses, we take out credit…
Mufti Zakaria Makada - Mufti Online25 Oct 2018
Disposing of interest money
I asked the bank to change my account from profit and loss to current account and stop sending profit to me. They told me that they cannot and told…
Mufti Ebrahim Salejee - Mufti Online22 Oct 2018
Taking a loan from the bank to pay off other debts
I’m in a deep and serious problem with which I need some guidance. I’m in a deep debt, owing few private individuals money and I’m owing the bank…
Mufti Ebrahim Salejee - Mufti Online18 Oct 2018
Poor person using interest money to settle water account
My municipality water account has run high due to unforeseen reasons. The amount is not a substantial amount. I am old and currently receiving…
Mufti Ebrahim Salejee - Mufti Online18 Oct 2018
Taking a loan from someone who took a loan on interest
1. If I borrow a certain amount of money from a person with the intention of paying back the exact amount to my lender but the money that has been…
Mufti Ebrahim Salejee - Mufti Online18 Oct 2018
Profit from a bank
The profit which a bank monthly offers against bonds/certificates is halaal or not?
Mufti Ebrahim Salejee - Mufti Online17 Oct 2018
Road Accident Fund
The road accident fund agrees to pay a person involved in a motor vehicle accident R100 000 for general damages. This agreement is taken to the high…
Mufti Zakaria Makada - Mufti Online17 Oct 2018
Woolworths credit card
Woolworths offer a credit card for R69 per month. The benefits are that a person gets free delivery on all orders online. Secondly, every purchase…
Mufti Ebrahim Salejee - Ask Imaam15 Oct 2018
Bank job which conducts with interest
Does Islam allow bank job which conduct with interest? If not what is the level of prohibition? One who is currently working in a bank what should…
Muajul I. Chowdhury - Mufti Online15 Oct 2018
Replacing money that was stolen with interest money
Someone has committed fraud against me and stolen my money. I also have an account that accumalates interest which I dispose as charity. Based on…
Mufti Ebrahim Salejee - Mufti Online10 Oct 2018
Using interest to offset bank charges and disposing of interest money
I have both a current account as well as a savings account at the same bank. On both the accounts, the bank levies bank charges, but the savings…
Mufti Zakaria Makada - Mufti Online9 Oct 2018
Bank dropping off service fees if a certain amount is kept in one's account
I have opened an account in a bank and it offers a free ATM card. One of the features is that if you keep Rs. 25000 in your account then whenever…
Mufti Ebrahim Salejee - Mufti Online29 Sep 2018
Charging interest on loans
My mother passed away. She used to give loans and charge a percentage when people pay back. Is that money halaal for us according to the Shari’ah?…
Mufti Zakaria Makada - Mufti Online29 Sep 2018
Leasing a car from the bank
I am a government employee. I got my car by signing a lease with the bank on a monthly installment for 7 years. The actuall price was 15 lacks but…
Mufti Ebrahim Salejee - Ask Imaam26 Sep 2018
Taking car from bank on installment
asalamualikum! 1.Bank say "CAR" installment per nikalna kaysa hay? 2.Installment k leay pakistan may kon sa bank right hay? JAZAKALLAH.
Muajul I. Chowdhury - Ask Imaam22 Sep 2018
Working in an Islamic Bank
Is it working in Islamic bank halal? I started studying ba islamic finance so i want to know before it is too late.
- Ask Imaam18 Sep 2018
Clarification- Interest option provided on the website
Assalaamu `alaykum waRahmatullahi Wabarakatuh I am in a furniutre business and we wanted to offer a service on our website where a customer can…
Muhammad I.V Patel - Mufti Online18 Sep 2018
Helping someone take out an interest bearing loan
I wanted to ask that a family member of mine took a personal loan of 3 lac from the bank using my details. The agreement made at that point was that…
Mufti Ebrahim Salejee - Ask Imaam11 Sep 2018
Income of a financial analyst at a bank
Assalam Alyaikum! 1. Some years ago I worked in central bank. I was analyst. I worked in analysis financial instruments: gold, government bonds,…
Muajul I. Chowdhury - Mufti Online8 Sep 2018
Paying interest on late payment
I have got a mobile for myself and my wife on credit. Unfortunately I didnt do timely payments and also paid some interest on it. I know its a major…
Mufti Ebrahim Salejee - Mufti Online8 Sep 2018
Relative giving gifts purchased with interest money
My husband's aunty always brings random stuff into our house. But my sister in law said that she spends on those things is riba or interest she gets…
Mufti Ebrahim Salejee - Mufti Online6 Sep 2018
Taking out a funeral cover
In Islam, is it permissible for a Muslim to have funeral cover?
Mufti Zakaria Makada - Mufti Online5 Sep 2018Roman Urdu
Kiya bank ka processing fee sood he?
Bank mjhe interest free loan ki offer deraha hai jo k mandatory within 1 year return karna hai. its confirmed k koi interest nahi hai but wo one…
Mufti Zakaria Makada - Mufti Online5 Sep 2018Roman Urdu
Bank ka interest halaal he?
Hm jo paisa bank m jama krwate h or jo un paiso ka intrest milta h wo halal h ya haram?
Mufti Zakaria Makada - Ask Imaam19 Aug 2018
Someone told me that this masjid is built using money from a bank?
Salam Alaikum Dear Mufti i hope you are fine and may Allah give you the best in Dunya and Akhirah I would like to know in my Area where i live are a…
Mizanur Rahman - Mufti Online30 Jul 2018Roman Urdu
Bank se soodi qarz lena
Meri rehnumai karen soodh sei mutaliq. Mein kch karobar krna chahta hn jis mein machinery ki zarorat hei or bank woh mjhe qarz pr dilae gi jiski…
Mufti Ebrahim Salejee - Jamiat KZN19 Jul 2018
Can I use interest money to pay off my student loan?
Using interest money clarification In fatwa #39618 I asked a question regarding using my credit cards interest money for assisting me pay back the…
Mizanur Rahman - Mufti Online18 Jul 2018
Banks offering discounts when purchasing at certain outlets
In Pakistan, different banks provide discount offers at different restaurants. E.g. Standard Chartered Bank provided 25% discount offer at Domino's…
Mufti Ebrahim Salejee - Mufti Online16 Jul 2018
Building a bank on a land that was donated for sawaab-e-jaariyah
In my town, an Islamic organisation has built a bank on a land that had been donated as sawaab jariyah. Is this correct?
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.