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 16 of 44
- Ask Imaam23 Feb 2018
Debt incurred from the bank
I was living in Uk for last 10 years. When I was in uk I was using credit cards having interest free offers. Due to some reason my visa was refused…
Muhammad IV Patel - Mufti Online20 Feb 2018
Muslim accountant calculating insurance transactions of a company
A Muslim business has already taken out insurance on their fleet of vehicles. Is it permissible for a Muslim to do the accounting records and…
Mufti Ebrahim Salejee - Mufti Online19 Feb 2018
Islamic banks
I live in UAE and is it possible to get a loan from an Islamic bank. What is the difference between Islamic banking and conventional banking because…
Mufti Ebrahim Salejee - Mufti Online17 Feb 2018Roman Urdu
Interest (sood) ke paise se kiya karna chahia?
Jo bank interest (sood) ata hai use kya karna chahiye le kar kis ko dena hai
Mufti Zakaria Makada - Ask Imaam13 Feb 2018
Is the buy to let mortgage by Al Rayan Bank Shariah complaint?
Please can you confirm if the buy here to let mortgage by Al Rayan Bank is halal or haram
Muhammad IV Patel - Ask Imaam11 Feb 2018
Working on bank software only
I had a question regarding my job. Currently I work for a solutions delivery company that works with banks to make it easier for them to print…
Muhammad Yasser Iunus Hussen - Mufti Online7 Feb 2018
Mistakenly receiving extra money into one's account
I'm using a banking app, so I have transferred funds from 1 account to another but the transaction failed and the balance has been deducted from my…
Mufti Zakaria Makada - Ask Imaam6 Feb 2018
Interest bearing student loan
Assalamu alaykum, I have taken an interest bearing loan and have come to realize its seriousness. I cannot take do anything about it now. So I am…
Muhammad IV Patel - Mufti Online5 Feb 2018
Working for a bank
I'm looking for a job and I got an offer in at an Investment Banking. I didn't know if I should accept it because I do not know if working in a bank…
Mufti Zakaria Makada - Mufti Online5 Feb 2018
Umbilical cord banking
What does the Ulama say about umbilical cord banking? Nowadays some people from hospital take away the newborn childs umbilical cord by saying that…
Mufti Zakaria Makada - Ask Imaam4 Feb 2018
Is financing with Al-Barakah bank permissible?
As salaamu alaykum I would like to apply for an Albarakah bank home loan in South Africa in December 2017. Our property finance is based on the…
Muhammed Al-Ameen Bin Moulana Ismail Akoo - Mufti Online4 Feb 2018Roman Urdu
Aise larki se nikaah karna jis ke Abu bank me nokari karta
Ager kisi larki ke abbu bank main nokari karte hon or larke ke ghar waale soodh ke khilaf hon q ke bank ki nokari main soodh ke bagair kaam to hota…
Mufti Ebrahim Salejee - Mufti Online3 Feb 2018
Donating interest accrued in a provident fund
I have a saving dividend (interest money) with my provident fund and will receive it when I resign or retire. Without expecting reward from Allah…
Mufti Ebrahim Salejee - Mufti Online30 Jan 2018
Working for a company that accepts the bank's interest
I have a question regarding my job. I work in a technical firm as an engineer and my company pays me a monthly salary. My company take projects from…
Mufti Zakaria Makada - Ask Imaam28 Jan 2018
Working in an investment bank
I am a bcom graduate..my specialisation is FINANCE ..I want to know that can i work in investment banks?? An investment bank is typically a private…
Muhammed Al-Ameen Bin Moulana Ismail Akoo - Ask Imaam28 Jan 2018
Income of a joint director of a bank
My husband's uncle is working in state bank of pakistan on post of joint director.he says that his income is halal as he is not involved in riba…
Muajul I. Chowdhury - Mufti Online25 Jan 2018
Interest transaction
I have question about sood. In my town people are taking Rs.45,000 for a month and giving the Rs.60,000 or Motor Cycle CD-70 having price of…
Mufti Ebrahim Salejee - Mufti Online15 Jan 2018
Life insurance
Is life insurance allowed in Islam?
Mufti Ebrahim Salejee - Mufti Online4 Jan 2018
Working in the finance department of a bank
I am working in a bank in the cards finance department. Is it permissible for Muslims to work in a bank in finance dept? Am I earning haram income?
Mufti Ebrahim Salejee - Mufti Online4 Jan 2018
Islamic banks
Is it permissible to saver money in a savings account in an Islamic bank? We are only using the actual money which we have saved. Whatever savings…
Mufti Ebrahim Salejee - Ask Imaam31 Dec 2017
Interest & Rent
1.In India Can We Use Bank Interest ? There is a Hadees in Muslim That No Interest Exist Between A Harbi And Muslim In Daryl Harb ? 2.Some Jurists…
Anas Sharieff Qasmi - Mufti Online31 Dec 2017
Investing in prize bonds
My question is regarding the bonds that can be acquired from the state bank of the country and used as an investment tool by different people. The…
Mufti Zakaria Makada - Mufti Online30 Dec 2017
Working as a software developer in a bank
Will working in the bank's software development team be considered halal?
Mufti Ebrahim Salejee - Mufti Online28 Dec 2017
Using interest money to offset bank charges
A business bank account was opened with Nedbank. Upon opening the bank account an investment(call) account had to be opened in parallel( for…
Mufti Ebrahim Salejee - Mufti Online28 Dec 2017
Tenants insisting on insuring a commercial property
A person bought a commercial property for R10 million, and the replacement value is approximately R15 million. The current tenants will not sign a…
Mufti Ebrahim Salejee - Mufti Online28 Dec 2017
Option of purchasing a car from the bank after renting it from the bank
Islam banks are giving away cars on the principle of Ijarah. The bank buys a car and gives it to you on a monthly rent specified in the contract.…
Mufti Ebrahim Salejee - Mufti Online23 Dec 2017Roman Urdu
Account kholne se pehle kisi deendaar shakhs se mashwarah karna
Ma aik do din sa bara parashan ho payoneer aik online bank ha online work ka paisa is ma log transfer kar k mangvata ha mana jab account banan tha…
Mufti Ebrahim Salejee - Mufti Online23 Dec 2017
Paying for one's studies with haraam money
My questions are regarding haram earnings and investing it in education. I have learnt that investing haram money in a halal business is haram, and…
Mufti Zakaria Makada - Ask Imaam22 Dec 2017
Islamic Banking
Assalamu'alaikum wa rahmatullahi wa barakatuh. Thank you so much for answering my early question in a very detailed, i pray that all of your time…
Lutfi Alam - Mufti Online19 Dec 2017
Is modern day interest haraam?
I would like to know if riba falls under the category of western interest? A lot of scholars have said that it does not and it is permissible. I…
Mufti Ebrahim Salejee - Mufti Online18 Dec 2017
Dealing in riba
Is giving haraam money (riba) to someone else haraam? And is it haram to receive the haraam money that someone gave him?
Mufti Zakaria Makada - Mufti Online16 Dec 2017
Islamic banks
I see many Islamic banks charge everything like other banks, they are just changing the name. So, isn't it haraam to take a loan for a car or…
Mufti Ebrahim Salejee - Mufti Online2 Dec 2017Roman Urdu
Bank se loan lena
Maine bank se apna ghar girwi rakhke ak loan li hai. par nai us loan ki jo interest hai wo na chukane par hume apne ghar chorne par rahe hai. Kya ye…
Mufti Ebrahim Salejee - Mufti Online29 Nov 2017
Islamic banks
Is "musawamah" in Islamic banks halal or haram. I mean Riba-Free or not? Kindly guide. In our country Islamic banks sell consumer goods according to…
Mufti Ebrahim Salejee - Mufti Online21 Nov 2017
Marriage and education insurance policy
Does Islam allow us to take out marriage and education insurance policy for our childrens future?
Mufti Zakaria Makada - Mufti Online21 Nov 2017
Taking a loan from a bank
Can I take a loan from a bank for business purposes?
Mufti Zakaria Makada - Mufti Online20 Nov 2017
Conventional Insurance, Medical Aid, Hospital Plan and Takaaful
1. I purchased a business and wish to insure it. What is the Shar‘ee ruling regarding insuring one’s business? Similarly, please explain the law of…
Mufti Zakaria Makada - Mufti Online19 Nov 2017
Taking out an interest bearing loan
Is it permissible in Islam to take out a loan for my business. I want to take out a commercial loan from the bank for my business. Can I take out…
Mufti Zakaria Makada - Mufti Online16 Nov 2017
Interest bearing loan
My question is about bank loans. What does Islam say about taking a loan when the bank describes the mark up at 19%?
Mufti Zakaria Makada - Ask Imaam15 Nov 2017
Is Mudharaba Term Deposit in Bangladesh Islamic banks Sharia Compliant?
I would like to know the permissibility of Mudarabah term deposits arranged by Islamic Banks. Here in Bangladesh, most Islamic banks have Mudarabah…
Ridwaan Ibn Khalid Esmail [Kasak]
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.