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 29 of 44
- Ask Imaam5 Apr 2014
What should one do with interest money in his bank account?
my question is that i have a bank account which is PLS based. usually on monthly basis i receive an interest amount on the balance available.…
Muhammad Haris Siddiqui - Ask Imaam31 Mar 2014
Is it permissible to give interest accrued from a bank to the Imam as part of his monthly salary?
I am a masjid management committee member. This masjid mostly runs from the donations. During Ramadan, all our members go for donation collection to…
AbdulMannan Nizami - Ask Imaam30 Mar 2014
Can I invest in a company which runs on interest?
Can i invest in company which runs on sood.
Saeed Ncane - Mufti Online20 Mar 2014
Disposing of interest money
Interest earned from a bank account can be spent on what and on whom? Please advise?
Mufti Zakaria Makada - Mufti Online18 Mar 2014
Disposing of interest money
Are we allowed to give interest money from the bank to needy Muslims? Or is it better to give to non-muslims only?
Mufti Zakaria Makada - Mufti Online18 Mar 2014
Hospital plans
What is Mufti Sahebs view on hospital plans keeping in mind the cost of using the hospitals these day?
Mufti Zakaria Makada - Mufti Online17 Mar 2014
Compulsory insurance
We have recently found out that medical aid and insurance are not permissible and cancelled ours. We have recently opened a tyre fitment centre. The…
Mufti Ebrahim Salejee - Mufti Online11 Mar 2014
Taking a loan from the bank
My brother does not have own house and is planning to buy one with the help of bank loan. Will he be entering into any sin by doing so?
Mufti Ebrahim Salejee - Mufti Online11 Mar 2014
Being eligible for a certain bank account
I have a question which might seem a little odd but was hoping you could assist me. I have an account with First National Bank called a Young…
Mufti Ebrahim Salejee - Ask Imaam8 Mar 2014
Paying Taxes with Interest
I work in a private Ltd. Co. in India.Each year they deduct the tax from my salary as per Govenrment Policy. I heard we can pay Income Tax through…
Khalil Johnson - Ask Imaam8 Mar 2014
Renting a residential property to a banker.
It is allowed to give home on rent to a banker for residiential purpose?
Immad Bin Arshad - Ask Imaam7 Mar 2014
Is it permissible to accrue interest from a Hindu Bank?
I have heard in india. That you csn have interest from hindu bank. Is is allowed. 2. Csn we have non muslim bandi. Mean women. To keep Relationship…
Mufti Saeed Ahmed Golaub - Ask Imaam5 Mar 2014
What is the major source of funds in a bank?
I am currently working in a company and got another job offer in a bank. The role is of a project manager in the technology department. The role is…
AbdulMannan Nizami - Mufti Online1 Mar 2014
Buying a lottery ticket
I want to buy a lottery ticket. Is it permissible in Islam?
Mufti Zakaria Makada - Mufti Online1 Mar 2014
Depositing trust money into interest bearing accounts
I am asking a question on behalf of a trust who runs musjids and madressas, schools and clinics. We had a executive committee meeting in which…
Mufti Zakaria Makada - Mufti Online1 Mar 2014
Disposing of lottery money
I won some money through lottery, I know in Islam gambling is forbidden. What shall I do with the money, shall I give it to the local mosque?
Mufti Zakaria Makada - Ask Imaam26 Feb 2014
Is it permissible to donate a woman’s milk to the milk bank?
My sister in law has breast milk that is frozen and didn’t use. In Islam is she allowed to donate it to the milk bank who uses it to feed other…
Nabeel Valli - Mufti Online24 Feb 2014
How to dispose of interest
I have an amount in a savings account and I am getting interest for it. Is it Haraam? I never used it but whenever I receive interest, I used to…
Mufti Ebrahim Salejee - Mufti Online23 Feb 2014
Interest money
Where do we have to spend bank interest money? Many are suggesting to give to a poor person. Kindly reply in accordance with Hanfi maslak.
Mufti Zakaria Makada - Mufti Online17 Feb 2014
Interest Transactions
Are any of the following Interest Transactions? If a person says "Buy this item for me when you go to the supermarket, it costs R40,but I will give…
Mufti Ebrahim Salejee - Mufti Online12 Feb 2014
Deriving benefit from the bank
A person chooses to deposit his additional cash in the bank for safe keeping due to safety concerns. He has no intention of loaning these funds to…
Mufti Zakaria Makada - Mufti Online12 Feb 2014
Attending functions hosted by the bank
Whilst dealing with financial institutions (mainly banks), often we are invited to attend functions hosted by these institutions. Are we allowed to…
Mufti Zakaria Makada - Ask Imaam10 Feb 2014
Is it permissable to purchase shares directly from the South African Reserve Bank (SARB)?
Is it permissable to purchase shares directly from the South African Reserve Bank (SARB)?
Khalil Johnson - Ask Imaam10 Feb 2014
Advise on opening a business without being involved in interest
I would like to open a business inshaAllah but does not want to be involved in interest. Please advise how should I go about this.
Ismail Dawoodjee - Mufti Online10 Feb 2014
Optional health cover from work
What is the ruling on Optional Health cover through work for both myself and family? The provider is Bupa. I would be paying a fixed cost a month…
Mufti Ebrahim Salejee - Mufti Online8 Feb 2014
Income earned through leasing one's property to the bank
Can you explain to me the reason why Ulamaa so severely condemn the earnings of banks? In today’s times, the majority of the wealth in banks is…
Mufti Ebrahim Salejee - Mufti Online8 Feb 2014
Slow lounges at airports
With some bank accounts e.g. FNB platinum, access is gained to "slow" lounges in airports, where meals and rest etc can be taken. Is it permissible…
Mufti Zakaria Makada - Mufti Online6 Feb 2014
Working for a conventional bank
Is it halaal to work in a non-islamic bank?
Mufti Zakaria Makada - Mufti Online5 Feb 2014
Using diners club lounges
I have read the fatwa regarding ebucks and I am interested in finding out about Diners card. Many of our Muslim brothers have a Diners card. It is…
Mufti Zakaria Makada - Mufti Online5 Feb 2014
Taking a home loan to avoid tax
Can we buy home loan to avoid income tax? Income tax is also indirect interest. Instead of paying it to the Government can we pay to bank as…
Mufti Ebrahim Salejee - Mufti Online2 Feb 2014
Losing competition data
I conducted an online customer satisfaction survey, as incentive all those that completed the survey will be entered into a cash prize draw. Seven…
Mufti Zakaria Makada - Mufti Online1 Feb 2014
Cheque book, paper clips, bank packets, rubber bands etc from the bank
A person pays R 450.00 fixed bank charges a month. This fee entitles him to receive a cheque book, paper clips, bank packets, rubber bands and also…
Mufti Ebrahim Salejee - Mufti Online30 Jan 2014
Leasing one's premises to conventional banks and aiding in sin
I recently purchased a property in partnership with two friends. Many prospective tenants have requested that the property be leased to them,…
Mufti Zakaria Makada - Mufti Online29 Jan 2014
Islamic Banks
I wanted to ask that I heard from the son of mufti taqi usmani that islamic banks leasing for cars is halaal and so did I read in the book of mufti…
Mufti Ebrahim Salejee - Mufti Online29 Jan 2014
Life Insurance
I wanted to ask if life insurance is haram and why?
Mufti Ebrahim Salejee - Mufti Online27 Jan 2014
Using SLOW lounges at airports from FNB
Regarding First national bank, I would like to know if the benefits they give to customers who bank with them (like access to SLOW lounge at…
Mufti Ebrahim Salejee - Mufti Online25 Jan 2014
Paying to enter into a competition
I would like to find out if I enter a weight loss competition, can I do so, there is a fee to join? The winner will receive a portion of the fees…
Mufti Zakaria Makada - Ask Imaam24 Jan 2014
How is it to pray salah behind someone who works in the bank?
Is it permissible to offer salah behind a person who works in non Islamic bank.If no then what about us who in one or the other way are part of…
Zakariya Memon - Ask Imaam23 Jan 2014
Can money received from bribes be used to pay interest, taxes or for social welfare projects?
I am seeking your kind guidance in respect of the following issues. Kindly reply as early as possible. (Names in the text are changed for privacy.)…
Sohail ibn Arif - Mufti Online23 Jan 2014
The impermissibility of earning eBucks points through the bank
What is the shar`ee ruling on eBucks points earned through the bank?
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.