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 30 of 44
- Ask Imaam19 Jan 2014
What is the ruling about praying behind an Imam who takes out interest based mortgage?
I got an urgent question about intrest as my local imam had an intrest based mortgage and the local people have a got a fatwa from a alim in…
Hanif Yusuf Patel - Mufti Online18 Jan 2014
Interest money
My question is about bank interest. If a person is receiving interest from a bank, can he use this interest for a poor girl's marriage?
Mufti Zakaria Makada - Mufti Online16 Jan 2014
Working for a bank
Is it permissible to do a job in bank or post office in India?
Mufti Zakaria Makada - Mufti Online13 Jan 2014
Mandatory insurance
I have to get mandatory insurance for medicine from my work place. Due to this I have the minimum amount. I have used it once it saved me 100$ on…
Mufti Ebrahim Salejee - Ask Imaam9 Jan 2014
Working for software development used by conventional banks.
WORKING FOR SOFTWARE DEVELOPMENT USED BY CONVETIONAL BANKS. Additional to fatwa 26052 i would like to know if its permissible working as a software…
Bilal Mohammad - Ask Imaam6 Jan 2014
Investing in convensional banks
I would like to know about the legality of the following situations. 1) An individual borrows money. Interest is to be paid on this loan. I kwon…
- Mufti Online31 Dec 2013
Taking a loan on interest
I heard a hadith that says the dua of a person is not accepted if the source of money for his food, for his drink and for his clothes is haram even…
Mufti Ebrahim Salejee - Ask Imaam30 Dec 2013
Is it permissible to work as a programmer writing software for banks?
In light of another question asked on Jul-10-2013 (Fatwa#: 26052) in regards to an investment bank (such as JP Morgan, Goldman Sachs and various…
Arshad Ali - Mufti Online21 Dec 2013
Health benefits from the side of the employer
Is it permissible for Muslims to use the health benefits offered by the employer via an insurance company? The employees fill the forms of the…
Mufti Zakaria Makada - Mufti Online18 Dec 2013
Selling a property that one purchased with an interest bearing loan
I saw an add on Internet for sale of land. I wanted to buy that land but I didn't have enough money. So I contacted the bank and fixed the loan. As…
Mufti Zakaria Makada - Mufti Online16 Dec 2013
Medical aid
If a person has a disease such as HIV/AIDS and cannot afford the medication (1000$/month). Is it permissible to get insurance or use insurance…
Mufti Zakaria Makada - Ask Imaam15 Dec 2013
Houses on interest mortgage
My father has three houses on interest mortgage, he now realises that it is harm thanks to guidance from ALLAH SWT, he wanted to ask if it is…
Zakariya Memon - Ask Imaam15 Dec 2013
Are Islamic Bank of Britain mortgages Shariah compliant?
I would to ask if the mortgages provided by Islamic bank of britain are halal or not.
Saleem Ibn Sajawal Khan - Ask Imaam14 Dec 2013
What to do if ones family is pressuring him into keeping his interest-based account?
So with the interest that is unwantedly put into our bank accounts, we take that out and give it charity and there is no sin on us? I would like to…
Hisham Dawood - Mufti Online11 Dec 2013
Interest money
From Islamic point of view is it allowed to use the interest received on the money from a bank?
Mufti Zakaria Makada - Mufti Online10 Dec 2013
Government provided medical aid
I understand that we are not supposed to have medical aid however in the United States, the people who have low income, the government provides for…
Mufti Zakaria Makada - Ask Imaam5 Dec 2013
Can interest money be given to charity?
I had been given a fairly large amount of money which I left in separate account for awhile before using the large amount of money for what it was…
Zakariya Memon - Mufti Online5 Dec 2013
Life Insurance
My question is regarding life insurance for about $300,000 in my name, after I die this money will go to my wife and child and they can buy a house…
Mufti Ebrahim Salejee - Ask Imaam2 Dec 2013
Buying through the banks by instalments
What is the ruling on buying through the banks by instalments in return for paying an additional amount on the price of the item being sold? The…
Hisham Dawood - Ask Imaam2 Dec 2013
I have given my agricultural land on contract finalised in opening season. Is this is interest or not in islam?
i have given my agricultural land on contran finalised in openinig season.is this is interest or not in islam?
Ismail Dawoodjee - Mufti Online2 Dec 2013
Dealing in interest
Is it haram if someone makes a contract and in the contract it says that they will give someone something for free, but it also says in the contract…
Mufti Zakaria Makada - Ask Imaam28 Nov 2013
Would it be permissible to take an interest bearing loan if the subsidy is more than the interest?
A close relative of mine asked me if I will be interested in setting up a rice mill, which is a small scale industry, in partnership with some other…
Arshad Ali - Mufti Online27 Nov 2013Roman Urdu
Bank ka audit karna
I am working in MNC, as an Lead Audit associate, mera kaam hai us ki Audit team ko support karna. Us ke Audit client hai Bank, aur mein sirf audit…
Mufti Zakaria Makada - Mufti Online27 Nov 2013
Being paid out by another persons insurance
John's car collided with Zaid's car injuring Zaid. John's insurance company pays Zaid as compensation for his injuries. Is it permissible for Zaid…
Mufti Zakaria Makada - Ask Imaam25 Nov 2013
Investing in convensional banks
I would like to know about the legality of the following situations. 1) An individual borrows money. Interest is to be paid on this loan. I kwon…
Abu Ali ad-Dagestani - Ask Imaam24 Nov 2013
Is dealing in shares permissible or considered speculative trading? Is “Halaal” mortgage really any different to regular ones where interest is simply renamed profit?
Is dealing in shares permissible or considered speculative trading? Is “Halaal” mortgage really any different to regular ones where interest is…
Khalil Johnson - Ask Imaam20 Nov 2013
Is it permissible to work at the World Bank?
It is permissable for a Muslim to work at the World Bank. It has the name 'Bank' but is mostly an aid organization.
Bilal Mohammad - Ask Imaam18 Nov 2013
Bonded property, conventional banks and Islamic banks, permissibility of income from banks.
1)Are we allowed to have a bonded property from our commercial banks ABSA,FNB,NEDBANK,STANDARD BANK,etc( Kmist) these are riba institutes? 2)If the…
Arshad Ali - Ask Imaam12 Nov 2013
What makes Islamic Finance permissible compared to a normal bank?
What makes Islamic Finance permissible compared to a normal bank?
Bilal Mohammad - Mufti Online11 Nov 2013
Repenting from being involved in riba
I'm a 22 year old graduate student studying for my Master's in Physiology. I live in Cleveland, Ohio, USA and I was wondering if someone would be…
Mufti Zakaria Makada - Ask Imaam4 Nov 2013
Islamic Finance and Banking
1) Can you buy car or housing using Islamic Finance? 2) Is Actuarial Science allowed as a career? 3) Can accountants apply for bank loans (interest…
Ismaeel Bassa - Ask Imaam4 Nov 2013
It is said that “Interest” cannot be avoided in today’s world. Is this true?
It is said that “Interest” cannot be avoided in today’s world. Is this true?
Zameelur Rahman - Mufti Online3 Nov 2013
Working for a bank
I hope you're in the best of Imaan and health by the grace of Allah Ta'ala. I'm a graduate with finance and economics Alhamdulillah. However, I find…
Mufti Zakaria Makada - Mufti Online3 Nov 2013
Offsetting interest from one bank with interest received from another bank
I have an account with absa and one with Standardbank. I receive interest from one account because of excess funds and from time to time I am…
Mufti Zakaria Makada - Mufti Online2 Nov 2013
Freeing oneself from interest dealings
I am a married woman with two very young boys and a husband. I bought a flat before I got married and have a mortgage on it. So of course interest…
Mufti Zakaria Makada - Ask Imaam1 Nov 2013
Taking an Interest bearing loan on behalf of a client.
A businessman takes a loan from the bank to purchase stock. It is agreed with the customer that the loan is taken to obtain stock for their order…
Nabeel Valli - Ask Imaam1 Nov 2013
Can interest money be given to those who are in need around the world?
Is interest amounts can be used for place like Syria, Burma or any other places, where Muslims are victims of situation?
Immad Ibn Arshad - Jamiat KZN31 Oct 2013
Can Interest be avoided in Today’s World?
It is said that “Interest” cannot be avoided in today’s world. Is this true?
Zameelur Rahman - Ask Imaam30 Oct 2013
It is said that “Interest” cannot be avoided in today’s world. Is this true?
It is said that “Interest” cannot be avoided in today’s world. Is this true?
Zameelur Rahman - Mufti Online29 Oct 2013
Participating in a competion
Is it permissible to take part in a competition where you have to buy an item and they ask you to sms a secret code inside the wrapper? Will this be…
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.