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 27 of 44
- Ask Imaam27 Dec 2014
The money given to my mother for Hajj included interest money and haram wages
Few years ago, when my mother went for Haj, I had given her money, part of which I borrowed from my friend. 1. Since the money in my account had a %…
Zameelur Rahman - Mufti Online27 Dec 2014
Islamic Banks
Is there any way to take a loan in an Islamic way? What about Islamic banks?
Mufti Zakaria Makada - Mufti Online27 Dec 2014
Using a credit card
On my credit card they give me a loan. So can I use it for business? Is it permissible in Islam that we take a loan?
Mufti Zakaria Makada - Mufti Online24 Dec 2014
Points and gifts from the bank
Few common bank related queries: 1) Zaid had a debit card with Conventional Bank International for many years. Later on the bank introduced a points…
Mufti Zakaria Makada - Mufti Online23 Dec 2014
Getting involved in interest
My dad bought a phone on a credit card. If the bill is payed within 54 days then no interest is charged. However my dad couldn't pay the money…
Mufti Zakaria Makada - Mufti Online20 Dec 2014
Paying interest on one's credit card
A month ago my dad bought a phone on credit card. And if we pay the money used within 54 days then no interest charged. However my dad couldn't pay…
Mufti Ebrahim Salejee - Mufti Online16 Dec 2014
Paying debts with interest money
I would like to know if interest (ribaa) money can be used to pay off debts? Can it be given to a Muslim to pay off debts owing to a Muslim? The…
Mufti Zakaria Makada - Mufti Online13 Dec 2014
Encouraging customer to take finance
I want to sell my car and I know that in most cases, people will not be able to buy it cash. I know a car dealer who arranges finance from the bank…
Mufti Zakaria Makada - Mufti Online10 Dec 2014
Working in the financial division of banks, etc.
1. Is it permissible to work as a financial manager or internal auditor at a conventional bank (like Absa, FNB, Standard Bank) or in the financial…
Mufti Ebrahim Salejee - Mufti Online10 Dec 2014
Pension policy
Can I take a pension policy from LIC?
Mufti Zakaria Makada - Mufti Online9 Dec 2014
Taking a loan from the bank
My question is that we are in USA and can not buy a home on cash because it is impossible. So because of compulsion can we take a loan from the bank…
Mufti Zakaria Makada - Jamiat KZN8 Dec 2014
Interest Money
PLS ADVICE IF I CAN USE INTEREST MONEY ON THE FOLLOWING : ASSESSMENT RATES REFUSE REMOVAL SEWERAGE WATER
Mufti Ismaeel Bassa - Mufti Online6 Dec 2014
Shares in a bank
My employer had gifted me shares as part of a BEE structure. E.g. 1000 I was not asked to pay anything and the shares were free. The company gave me…
Mufti Ebrahim Salejee - Ask Imaam5 Dec 2014
Can i dispose of interest money by giving it to the poor?
I have a saving (NRE) account in Indian bank. Some interest money deposited by bank. That money can give to poor (needy) people. It is permissible ?
Fahad Abdul Wahab - Ask Imaam3 Dec 2014
Holding shares in a bank
My employer had gifted me shares as part of a BEE structure. eg 1000. I was not asked to pay anything and the shares were free as a gift. The…
Hisham Dawood - Mufti Online3 Dec 2014
Funeral policy
I live in Durban SA. I am from Punjab India. I want to know if it is permitted for me to take SA funeral policy to pay for funeral if something…
Mufti Zakaria Makada - Ask Imaam2 Dec 2014
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 - Mufti Online2 Dec 2014
Buying a car on interest
I bought a car of Rs312000 by bank finance now I have to pay the bank Rs 453000. Rs 5300 per month upto 7 years. Now I realised that I have…
Mufti Zakaria Makada - Ask Imaam29 Nov 2014
Is a percentage fee permissible from the bank if I transfer my account based on my credit card limit?
My question is about bank offering certain loan in cash or purchases based on certain fees for facility with 0% interest for limited time. My bank…
AbdulMannan Nizami - Mufti Online29 Nov 2014
Interest
My father gave some money to a broker for land so some how my father can't get the land so the broker said that he will return the amount which he…
Mufti Zakaria Makada - Ask Imaam27 Nov 2014
Interest income
I am currently working in a bank and look after small business segment. I extend loans to small companies and interest is chrged on these loans. I…
Arshad Ali - Ask Imaam26 Nov 2014
Interest or not
A message from a friend said: I am looking for £600 cash and in return will give £650 worth of the vouchers. Thats £50 extra. There are many…
Zakariya Memon - Ask Imaam21 Nov 2014
Investor demands 5% as interest but we would like to pay back 25% profits instead?
Investor demands 5% as interest but we would like to pay back 25% profits instead? We are a constructions firm and work along with investors. One…
Hisham Dawood - Ask Imaam19 Nov 2014
Is it permissible to use scholarship money from the bank?
I am a student.would you tell me please whether the money of the scholarship that bank provides is halal or not?
Muhammad Haris Siddiqui - Ask Imaam17 Nov 2014
I was not aware of the fact that interest is haram in Islam before we bought our house
I want to know we bought our house on intrerest bearing loan. I was not aware of the fact that interest is haram in Islam before we bought our…
Immad Bin Arshad - Ask Imaam16 Nov 2014
Can we take interest from bank & pay as income tax?
Can we take intrest from bank & pay as income tax?
Zameelur Rahman - Mufti Online12 Nov 2014
Interest money
For what purpose can we use interest from bank?
Mufti Zakaria Makada - Ask Imaam6 Nov 2014
Difference between Islamic Banking and Conventional Banking
I have a question, sorry if it its daft thing to ask but im confused...The end result of Islamic Banking and Conventional Banking is the same…
Hisham Dawood - Mufti Online5 Nov 2014
Insurance on livestock
Is it permissible to take out life insurance for goats in a stall-fed goat farm?
Mufti Zakaria Makada - Mufti Online5 Nov 2014
Taking an education loan from the bank
My friend studied engineering by taking an education loan from the bank. He has to pay back interest also after getting a job. Is earning money…
Mufti Zakaria Makada - Mufti Online5 Nov 2014
Installing credit card machines
My company installs the credit card swipe machine of a bank for merchants and I am in the sales department. I am receiving a fixed salary, and also…
Mufti Ebrahim Salejee - Mufti Online3 Nov 2014
Interest money
Please I am from Tunis. My son has a million in a bank so after 11 years he find "agios" "faida". I want to ask you if he can spend this money for…
Mufti Zakaria Makada - Ask Imaam1 Oct 2014
Working as an accountant for a bank
I need guidance on what Industries I can provide my working services to. I currently work for my own company specialising in providing Accountancy…
Zameelur Rahman - Mufti Online27 Sep 2014
Interest
Is it in order to lend money to someone for example I say I will lend you R100 and you pay me back R150.
Mufti Ebrahim Salejee - Mufti Online24 Sep 2014
Interest from the bank
Is bank interest in India acceptable for a Muslim?
Mufti Zakaria Makada - Mufti Online23 Sep 2014
Purchasing a new car from the bank
I want to purchase the new car from the bank. The price of the car is (lets say 500,000 Rs) in one shop and 550,000 Rs in other shop and from the…
Mufti Ebrahim Salejee - Mufti Online21 Sep 2014
Disposing of interest money
A person accrues R50 of haraam interest in his bank account. From his wallet, he gives R50 in cash to a poor person with the intention of disposing…
Mufti Zakaria Makada - Mufti Online20 Sep 2014
Islamic Banks
Could you kindly tell me whether Islamic banks are halal if I decide to buy a house? As far as I know even Islamic banks are not 100% halal. How do…
Mufti Zakaria Makada - Mufti Online20 Sep 2014
Paying fines with interest money
I recently learnt that it is permissible for a Muslim to use interest money to pay fines, toll fees and vehicle licensing fees. Is this correct?
Mufti Zakaria Makada - Mufti Online18 Sep 2014
Paying of taxes with interest money.
The haraam of corruption is so deep routed into the system so much so no work can be achieved especially from government organisations without…
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.