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 24 of 44
- Mufti Online12 Dec 2015
Interest bearing loans
Can we take a loan to buy a land from a Shariah compliant Islamic bank (barwa bank) here in qataar?
Mufti Zakaria Makada - Mufti Online12 Dec 2015
Purchasing a house on mortgage
About buying a house in the UK on interest (sood) mortgage. One mortgage is standard and one is Islamic. In stranded the bank will show you how much…
Mufti Zakaria Makada - Ask Imaam11 Dec 2015
Your job profile is permissible since you are not directly involved in interest bearing and conventional financial transactions
My brother is working in an software company. Recently he has shifted to a project related to banking. He is working for "Bank of America". He is…
Ismail Desai - Mufti Online1 Dec 2015
Giving interest and Taking interest
Is it harem to give interest?
Mufti Zakaria Makada - Mufti Online30 Nov 2015
Insurance
Can one insure work vehicles and install a tracking device for protection of business assets?
Mufti Zakaria Makada - Mufti Online29 Nov 2015
Interest bearing loan
I have taken an Islamic Shari'ah loan from standard chartered bank Bahrain. I want to go for umrah. Tell me, is my loan halaal or haraam? Can I go…
Mufti Zakaria Makada - Mufti Online28 Nov 2015
Insurance
I purchased a business and wish to insure it. What is the Shar‘ee ruling regarding insuring one’s business? Similarly, explain the law of insuring…
Mufti Zakaria Makada - Jamiat KZN23 Nov 2015
Disposal of interest funds
Can you give interest money to children in need, red nose day charities and animal charities run by non-muslims. Can you also give to non-muslims…
Mufti Ebrahim Desai - Mufti Online19 Nov 2015
Mortgage
I live in America, and it is impossible to buy a house here without a mortgage from the bank. The bank charges interest on the mortgage. Is it…
Mufti Ebrahim Salejee - Mufti Online16 Nov 2015
Provident fund
Is a provident fund which is half collected from the employee’s salary and half deposited from the company/government on behalf of the employee…
Mufti Zakaria Makada - Mufti Online16 Nov 2015
Paying back the amount borrowed on the credit card
We had lived in Oman for about 3 years and during our stay we took a credit card and used it at times of emergency rather seeking help from our…
Mufti Ebrahim Salejee - Ask Imaam15 Nov 2015
When does the client invoice the bank?
I want to know about the Dubai Islamic Bank Salam Finance if it is permissible or not according to following URL:…
Ismail Desai - Mufti Online15 Nov 2015
Government allowance
My question is about that my husband lost his job and he is still applying for jobs too but no luck yet and we got house on mortgage. If he doesn't…
Mufti Ebrahim Salejee - Mufti Online14 Nov 2015
Interest based saving scheme
My father has passed away and since I have no brother, the only source of income for my mother is the monthly payment that comes against the amount…
Mufti Zakaria Makada - Mufti Online11 Nov 2015
Student loans
I want to become a pilot which will cost me £80,000. Am I aloud a student loan?
Mufti Zakaria Makada - Mufti Online10 Nov 2015
Permissible hospital plan
Can we buy a health plan? We have to pay a premium on a monthly basis and the plan covers certain types of medical expenses upto a limit.
Mufti Zakaria Makada - Ask Imaam4 Nov 2015
Can I open a saving account in an Islamic Bank?
I have a following question, I need you to please reply it in the light of Quran and Sunnah... Q: "Is it halaal to open a saving account(and get…
Jibran Kadarkhan - Mufti Online3 Nov 2015
Haraam investments
I was investing in haraam till now. Although I didn't know about it, I was again trapped by one of my friends and again invested in haraam for which…
Mufti Ebrahim Salejee - Ask Imaam1 Nov 2015
Is it permissible to settle a bank loan by money received via lodging a disservice claim against the same bank?
This is the situation as follows: My sister has taken out an interest base loan. She knows this is wrong, and is a major sin. That's not what this…
Abdullah ibn Mohammed Aijaz - Mufti Online29 Oct 2015
Using interest money to pay taxes
Can you use interest money to pay traffic fines, taxes, government related issues example passport and toll gate fees?
Mufti Ebrahim Salejee - Ask Imaam27 Oct 2015
Is it permissible to work for a company that gets paid by banks for meeting their recruitment needs?
I hope this email finds you in good health. I wanted to inquire about an urgent matter that I am currently facing at the moment. Recently, I have…
Hafizurrahman Fatehmahomed - Ask Imaam27 Oct 2015
It is haraam (strictly prohibited) to take an interest loan to purchase a house or to run a business
I was not aware of interest giving is haraam in islam before i bought the home loan. Now i have understood about it and had taubaah with Allah and…
Ismail Desai - Ask Imaam26 Oct 2015
Can you please tell me if my role in an investment bank is halal?
Can you please tell me if my role in an investment bank is halal? I have attached the job specification for you below. Jazakallahu Khair. Please…
Ismail Desai - Mufti Online25 Oct 2015
Marital not interested in the marriage
My husband has become so hostile towards me. He cannot find a job and blames me for that, as I have misplaced his CV. I tried creating one again,…
Mufti Ebrahim Salejee - Ask Imaam24 Oct 2015
The transaction in reference in not permissible due to the interest charges on the credit card
اسلام علیکم My friend want to purchase a mobile from amazon, but he want to make the payment through credit card to get the emi facility, lf he pays…
Mufti Ismail Desai - Mufti Online24 Oct 2015
Car dealer arranging finance for the customer
I am a car dealer. Sometimes customers need leasing facilities from financial companies to finance their cars. Can I introduce them to the leasing…
Mufti Zakaria Makada - Ask Imaam22 Oct 2015
Administrative fee to cover up for interest charges
am considering buying a car on 0%. The dealer told that he should apply on my behalf if the lender agrees then they can proceed with car sale. So…
Mufti Ismail Desai - Mufti Online17 Oct 2015
Paying back only the principle amount in an interest bearing loan
My dad took a credit card back in Oman and told us that he is taking it for emergency purposes and told us that he will pay back the bill within 52…
Mufti Ebrahim Salejee - Mufti Online14 Oct 2015
Student loans
Six years ago I applied and received a student loan from Iqraa Trust. At this point in time I was not aware that majority of their funds received is…
Mufti Ebrahim Salejee - Ask Imaam8 Oct 2015
Is there a way for me to execute the plan without me taking the interest?
I am working in a private software company from the last 10 years and over the few years, my bonuses and some part of salary amounts are not…
Safwaan Ibn Ml Ahmed Ibn Ibrahim - Mufti Online7 Oct 2015
Playing with marbles for takes
I have a question regarding playing with marbles for takes. This means that the winner gets the marbles of the loser. Does this have any association…
Mufti Ebrahim Salejee - Mufti Online3 Oct 2015
Asking one's company to purchase a car on interest
I am working in a private software company from the last 10 years and over the few years, my bonuses and some part of salary amounts are not…
Mufti Ebrahim Salejee - Mufti Online1 Oct 2015
Earning interest on money deposited by one's late husband
If a women whose husband is dead, has no son and nobody who can finance her needs, use the interest earned on the large sum of money deposited by…
Mufti Ebrahim Salejee - Ask Imaam28 Sep 2015
Is it permissible to take out the loan knowing that one will be able to pay it back fully before any interest is due from the student?
In clarification of my question 34023: The student takes out a loan from the bank. Interest is due immediately but the government pays the interest…
Hafizurrahman Fatehmahomed - Ask Imaam25 Sep 2015
Salary from a company with a 25% income of interest?
Is working as a Payroll officer , managining salaries of staff in a government org (under ministry of commerce n finance) Which makes it 20 to 25%…
Imran Cyclewala - Mufti Online17 Sep 2015
Taking an interest free loan
What is the Islamic view on begging/borrowing money (for a short time) despite having money though the money he has is set for something which if he…
Mufti Zakaria Makada - Mufti Online17 Sep 2015
ATM machine not paying out the full amount
The ATM machine didn't work properly and the money didn't come to my hands but the money was deducted from my account. Can I cut this money from my…
Mufti Ebrahim Salejee - Ask Imaam16 Sep 2015
Is it permissible to take a student loan in which the government pays the interest money during the course?
I understand that giving interest is impermissible however please advise for the following situation: The government provides postgraduate loans…
Bilal Issak - Mufti Online15 Sep 2015
Medical aid and hospital plan
I want to find out the fatwa or the ruling regarding medical aid and hospital plans. Is it acceptable or not?
Mufti Zakaria Makada - Mufti Online14 Sep 2015
Interest bearing investments
On one of your responses on this site, you have mentioned that if a person has come into possession of interest he should distribute it to poor and…
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.