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 26 of 44
- Mufti Online7 Apr 2015
Working in conventional banks
Are we allowed to work in a bank because the bank system is based on sood?
Mufti Zakaria Makada - Mufti Online7 Apr 2015
Binary option trading
I have recently learned about binary option trading. I would like to know if it is halaal.
Mufti Ebrahim Salejee - Mufti Online7 Apr 2015
Islamic Bank accounts
There are "halaal" bank accounts at conventional banks, who engage in ribaa, and I was wondering if it is allowed to create an account at a…
Mufti Ebrahim Salejee - Ask Imaam4 Apr 2015
Can I give my office building to a bank on rent?
Thank you for answering my previous query (Fatwa#: 32352). I would like to ask further: Can I give my office building to a bank on rent?
Zakir Husain - Mufti Online1 Apr 2015
Gambling
I used to play cricket but I want to ask that some of our team boys gamble on every match. I don't, but I want to know that is it good to play in…
Mufti Ebrahim Salejee - Mufti Online1 Apr 2015
Purchasing a car with interest
I work as a taxi driver. I had a car that was always breaking down which meant I was missing a lot of work and always spending money to repair it. I…
Mufti Ebrahim Salejee - Ask Imaam30 Mar 2015
Can I make a software that is used solely to lend/borrow money on interest?
I am working in a software firm as Sr. Software Engineer. It provides software services to Clients like NewsPublishing companies, Online Journal…
Bilal Mohammad - Mufti Online30 Mar 2015
Paying interest due to late payment
My question is regarding my university tution. I have paid the first semester fee which was 4000 euros, and events occurred just before the second…
Mufti Zakaria Makada - Mufti Online26 Mar 2015
Charging an extra fee for late payment
I go to university and the university have said that the fees for the second semester will be 4000 euros, and they announced a deadline by which the…
Mufti Zakaria Makada - Mufti Online24 Mar 2015
Purchasing a car through the bank
If a person is in need of a car and he does not have cash in hand and buys the car through a bank loan, then he pays the bank the EMIs (which have…
Mufti Zakaria Makada - Ask Imaam22 Mar 2015
Can I sell my plot to a bank?
I am resubmitting my question third time (Resubmitted first after two weeks, now resubmitting after one week): 1. Can I sell my plot to a bank? 2. I…
Saleem Khan - Ask Imaam22 Mar 2015
May I discharge cash into the same account I am being charged interest from to offset the interest?
I am unable to decide on a disturbing issue as follows. Please help me in taking that decision My father has taken a loan of Rs 6 lac from a bank on…
AbdulMannan Nizami - Ask Imaam20 Mar 2015
Interest free transaction
I am planning to buy a brand new car (Honda) from the Honda dealership. The dealer has agreed to sell me the new car for $33,000. I would be paying…
Asim Patel - Jamiat KZN19 Mar 2015
Interest Money
Please let me know if we can give our Interest Amount for Treatments of Muslim Patient (Hospital Bill). Please let me know if we have Fatwa on this.…
Muhammad Haris Siddiqui - Mufti Online18 Mar 2015
Writing poems
I wrote a poem describing a scene of nature that I submitted to a large (non-Muslim) poetry competition. I came second place and have won R500. My…
Mufti Ebrahim Salejee - Ask Imaam17 Mar 2015
Where to dispose of one’s interest
Please let me know if we can give our Interest Amount for Treatments of Muslim Patient (Hospital Bill). Please let me know if we have Fatwa on this.…
Muhammad Haris Siddiqui - Ask Imaam17 Mar 2015
Is it permissible to work in IT department related to banking?
My sister in law is working in Bank as IT expert.Is it permissible to work in IT department related to banking?
Immad Bin Arshad - Mufti Online17 Mar 2015
Opening a Hajj Savings Account with an Islamic Bank
I intend opening a hajj account with a certain Islamic bank. The money invested will earn a profit every year. Is this profit permissible? The…
Mufti Zakaria Makada - Ask Imaam13 Mar 2015
Alrayan Bank formaly known as Islamic Bank of Britain who provides Islamic Mortgage
I live in UK and want to buy a house in a year's time. There is only one bank in UK Alrayan Bank formaly known as Islamic Bank of Britain who…
Saleem Khan - Mufti Online11 Mar 2015
Taking a profit against a loan
Is Islamic banking across GCC correct? they are referring to profit rate for car loan etc. Is this the same as interest? Am I safe to purchase a car…
Mufti Ebrahim Salejee - Ask Imaam8 Mar 2015
Can one start a phone business? Can one use credit cards?
1) i want to do mobile phone business but the thing which troubling is cameras which are installed in phones. I will never do any business of…
Muhammad Haris Siddiqui - Ask Imaam5 Mar 2015
Is it permissible to work in Asian Development Bank (www.adb.org)?
Is it permissible to work in Asian Development Bank (www.adb.org)?
Ismail Desai - Jamiat KZN27 Feb 2015
Interest (Riba ) Loan
I am unable to decide on a disturbing issue. as follows. Please help me in taking that decision My father has taken a loan of Rs 6 lac from a bank…
Ismail Dawoodjee - Ask Imaam26 Feb 2015
Can I use the interest credited on my deposits to balance the interest generated on the loaned amount?
Detail: I am unable to decide on a disturbing issue. as follows. Please help me in taking that decision My father has taken a loan of Rs 6 lac from…
Ismail Dawoodjee - Mufti Online26 Feb 2015
Using a credit card
I have some money invested that are easily redeemable and have a credit card as well. When I become cash strapped I resort to the Credit card due to…
Mufti Ebrahim Salejee - Ask Imaam16 Feb 2015
Questions regarding my late mother’s credit card payments and bank account.
My mother died a few years ago. I have few questions on her debts 1. She had a credit card in her name , which was being used by me and not her.…
Bilal Mohammad - Mufti Online15 Feb 2015
Getting rid of interest money
If I received interest money in my bank account and didn't get rid of it and spent it without thinking. Can I make amends by giving some money…
Mufti Zakaria Makada - Mufti Online11 Feb 2015
Paying government fines with interest money
I have an account in which I am receiving interest based on available balance every month. Every month, I separate this amount and set it aside…
Mufti Zakaria Makada - Mufti Online9 Feb 2015
Selling a car that has been financed by the bank
I bought a car in India by bank finance 8 month ago. Now I realised that it is haram and I have no money to pay off the loan at once and now I want…
Mufti Ebrahim Salejee - Mufti Online8 Feb 2015
Insurance company claims
I recently had an accident and the insurance of the person responsible is paying me for the repair of my car. The amount that they are paying is…
Mufti Zakaria Makada - Ask Imaam6 Feb 2015
Working in investment banks and hedge funds.
I am planning on studying economics or finance. Now my question is, Is working in HEDGE FUNDS and Investments banks halal or haram? i'm not talking…
Bilal Mohammad - Mufti Online31 Jan 2015Roman Urdu
Sarkaari bank me kaam karna
Mei India me ek sarkaari bank men nokri karta hun. 1. Kya ye jaiz hai? 2. Retirment ke bad milne wali raqam se hajj kia ja sakta hai?
Mufti Ebrahim Salejee - Ask Imaam30 Jan 2015
Is it permissible for me to get an interest based mortgage?
we are trying to buy our first house and also try to have a family for the first time. But we are finding it very difficult to be able to afford an…
Ismail Dawoodjee - Mufti Online29 Jan 2015
Soccer competition
There is a soccer tournament taking place in a neighbouring town, and up to 8 teams are invited to participate. Each team has to pay an…
Mufti Zakaria Makada - Mufti Online7 Jan 2015
Opening a bank account which comes with a funeral cover
I need to open a current account at a conventional bank. This particular type of current account comes with a R2000 funeral cover. Whilst this R2000…
Mufti Ebrahim Salejee - Mufti Online7 Jan 2015
Medical aid
I would like to find out regarding Medical Aid, is it permissible ? If so what type of Medical aids are permissible? Are there any alternatives if…
Mufti Zakaria Makada - Ask Imaam5 Jan 2015
Is RCS accounts allowed? What is the ruling regarding credit card purchases on straight or budget? Can an extra fee be charged on card purchases?
Is RCS accounts allowed? What is the ruling regarding credit card purchases on straight or budget? Can an extra fee be charged on card purchases? Is…
Ismail Dawoodjee - Ask Imaam31 Dec 2014
May I create web tools or applications for people that want to calculate interest?
I am a programmer and a web developer and I create websites and tools for businesses and individuals. I often find myself having a chance to work…
AbdulMannan Nizami - Ask Imaam31 Dec 2014
What is the difference an interest policy and paying in installments?
Q1. According to your fatwahFatwa#: 31134 it is permissable to purchase items on installment with extra amount but it is same as interest policy.…
AbdulMannan Nizami - Mufti Online31 Dec 2014
Interest
If I loan someone money, for example, I loan someone R10 and we agree that they will pay me R15 in 10 months time, R5 more than what I loaned them,…
Mufti Zakaria Makada
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.