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 23 of 44
- Mufti Online23 Feb 2016
Insuring one’s house or car
Is it permissible for one to take out a policy to insure one’s house or car? The contract that one signs obligates him to pay monthly premiums in…
Mufti Zakaria Makada - Ask Imaam22 Feb 2016
How to dispose of interest money?
I have money in my bank and receive interest. How do I dispose of it? Can I give it to a charitable organisations? Will this money be regarded as…
Hafizurrahman Fatehmahomed - Mufti Online21 Feb 2016
Interest bearing transaction
I have an idea to build a website that has the following process: 1. The people invest in my website 2. I Invest this money on other things 3. I…
Mufti Zakaria Makada - Mufti Online20 Feb 2016
Working as a facility manager for a bank
My son applied for a job as a facility manager in a habiba bank London where we live. He had an interview and now he has been offered a job. He did…
Mufti Zakaria Makada - Mufti Online18 Feb 2016
The sin of being involved in interest
My parents have interest mortgage house. But if one parent dies, does the debt and sin transfer completely to the living parent?
Mufti Ebrahim Salejee - Ask Imaam16 Feb 2016
No Riba Policy
Hope you are well. Ameen. Will the trading or investment be considered halal if it claims to be: .Sharia Compliant Investment ◦No Riba Policy: .No…
Bilal Issak - Mufti Online16 Feb 2016
Islamic banks
I want to know whether Al hilal bank based at UAE is a purely Islamic and shariah compliance oriented bank. As by name many banks say or put the…
Mufti Zakaria Makada - Ask Imaam15 Feb 2016
Loan from a Bank
I took out a tution fee loan when i was in uni and i have been charged interest on it. I know that interest is haraam. I wanted to ask wil i be…
Ismail Desai - Mufti Online15 Feb 2016
Different cash and credit price
The matter is that I have bought a bike. The original price of the bike is almost 40,000 rupees. But I have bought this bike on installments. So, I…
Mufti Ebrahim Salejee - Mufti Online14 Feb 2016
Medical insurance
I am a new Muslim and I had a medical insurance which I took before I became a Muslim which I am still paying. I have a medical condition in my…
Mufti Zakaria Makada - Mufti Online11 Feb 2016
Investment scheme
My father joins a profit-sharing business which guarantee a monthly dividend between 15% to 30% for up to 1 year (with no guaranteed principle). My…
Mufti Zakaria Makada - Mufti Online9 Feb 2016
Using interest money if one is in need
The question arises that few months ago my father had passed away after that there are no men in our family by which we can get financial support…
Mufti Ebrahim Salejee - Mufti Online6 Feb 2016
Purchasing a house on mortgage
I have a question that I personally don't have any house or any land in any of the countries. We always hate interest and never did any business or…
Mufti Zakaria Makada - Ask Imaam5 Feb 2016
Pharmacist working for Bank
my father works in Reserve bank of India as a pharmacist. I want to know if he is earning halal money through this job or not, as he is directly not…
Imran Cyclewala - Mufti Online4 Feb 2016
Benefits accruing from a loan
On a buy to let ISA, for the amount saved in the ISA, the bank provides variable interest return which is haram however, as an incentive to save,…
Mufti Ebrahim Salejee - Mufti Online1 Feb 2016
Using a credit card
Is credit card permissible in Islam? Please inform me regarding credit card usage.
Mufti Zakaria Makada - Mufti Online28 Jan 2016
Paying one's credit card account with interest money
I had to pay some old due of my credit card. Can I pay that payment with the interest I received in my saving account?
Mufti Ebrahim Salejee - Mufti Online26 Jan 2016
Money deposited using an ATM not reflecting in one's account
I would like to ask a question regarding the haraam riba banks. If for example a person deposited halaal money R100 into his account and lets say he…
Mufti Zakaria Makada - Mufti Online20 Jan 2016
Pension fund
Is investing in a pension fund permissible?
Mufti Zakaria Makada - Jamiat KZN14 Jan 2016
Disposing of one bank’s interest from another bank’s account
Assalaamualaikum,respected mufti Saheb. I have interest money to dispose off in one bank account. However I do not have access to those funds. Can I…
Mufti Ismaeel Bassa - Mufti Online4 Jan 2016
Selling a house purchased with interest
I sold my riba house, the interest obviously is haram, but is it permissible to claim the halAal money I put in?
Mufti Zakaria Makada - Mufti Online4 Jan 2016
Paying speeding fines with interest money
My daughter is a university student and has accrued traffic fines which she was not aware of. It is only now almost a year late when I called I…
Mufti Zakaria Makada - Mufti Online3 Jan 2016
Interest free loan from the bank
My question is that mostly banks are offering loan with interest (riba). If any bank offers riba free loan, than is it right according to Shari'ah?
Mufti Zakaria Makada - Mufti Online3 Jan 2016
Pension fund
In addition to the Provident fund question asked, does the same apply to the Pension fund? How will I know if and how much of interest has been…
Mufti Zakaria Makada - Mufti Online3 Jan 2016
Giving debtors interest money
Some people have borrowed money from me but are not repaying. Can these borrowers be given interest money I have accumulated as a replacement as I…
Mufti Zakaria Makada - Mufti Online29 Dec 2015Roman Urdu
Soodi karobaar
Mera aik sawal hai ke me ne karobar ke lye paanch lac rupee liye owr me ne us ko 7 lac wapise karne hai takriban 6 mahine bad me ye pochna cha raha…
Mufti Zakaria Makada - Mufti Online29 Dec 2015
Student loans
My question is interest. You may know within the UK that university fee is £9000 and to take student loans it includes interest, I understand the…
Mufti Ebrahim Salejee - Mufti Online29 Dec 2015
Government assistance
I have an education saving account at the bank. Basically, we deposit money every month for education, and on top of that, the government puts 2.5%…
Mufti Ebrahim Salejee - Mufti Online28 Dec 2015
Inheritance
My father had passed away and I being his daughter is entitled to inherit from his possession. My father left a large sum deposited in the bank that…
Mufti Zakaria Makada - Mufti Online28 Dec 2015
Interest bearing loans
I am a divorcee and I want to buy a house with a riba-based loan. I know it's haraam but there is no other option as I live in a non-Islamic…
Mufti Zakaria Makada - Ask Imaam25 Dec 2015
Is Al Rayan Bank of UK Shari`ah compliant
I would like your views about the use of Home Purchase Plan offered by Al Rayan Bank of UK. The details of the plan can be seen at the following…
Hafizurrahman Fatehmahomed - Ask Imaam23 Dec 2015
Rayyan Bank’s Halal mortgage product
Has there been a reply to fatwa 32264 in regards to halal mortgages in the UK?
Ismail Desai - Ask Imaam19 Dec 2015
Medical insurance scheme with interest
I have a question regarding health saving account offered by my company as a part of medical insurance. Company is putting some money in this…
Bilal Issak - Mufti Online16 Dec 2015
Purchasing a car or house from the bank
What about the cars or houses which we buy from banks or on instalments?
Mufti Zakaria Makada - Ask Imaam15 Dec 2015
Ruling on carrying bank notes with pictures?
Ruling on carrying bank notes with pictures? i want to know if its not allowed to have pictures of animate objects, what about bank notes like in…
Ismail Desai - Ask Imaam15 Dec 2015
Sometimes I have to pay fines on utlility bills if I pay them after due date, is it fall in category of INTEREST?
Sometimes I have to pay fines on utlility bills if I pay them after due date, is it fall in category of INTEREST?
Ismail Desai - Mufti Online15 Dec 2015
Accepting a gift from a banker
My father is a banker. On my wedding day, he gave me gold as a gift. Is that gold halaal for me?
Mufti Ebrahim Salejee - Mufti Online15 Dec 2015
House purchased on interest
I own a riba house and want to get rid of it for free. Problem is, my sister lives there who refuses to sell, parents are arguing with me not to…
Mufti Ebrahim Salejee - Ask Imaam14 Dec 2015
Conventional interest based savings accounts are impermissible
A bank offers you monetary benefit on the amount you keep in the bank. The variable amount you get depends on the return the bank makes from its own…
Ismail Desai - Ask Imaam14 Dec 2015
Can I use the amount of interest received on my bank account for helping poor Muslims?
Can I use the amount of interest received on my bank account for helping poor muslims, e.g. buying them closthes, rickshaw or some materials which…
Ismail Desai
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.