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 33 of 44
- Mufti Online22 Nov 2012
Building a toilet with Interest money
I am running a small Madrasah and its in a rented house. There are 2 toilets but they are high pan and we would like to change one into low pan and…
Mufti Ebrahim Salejee - Mufti Online22 Nov 2012
Credit Cards
Most credit cards have a facility where a person is allowed to use credit up to a certain amount and if it is paid back to the back within 55 or 60…
Mufti Ebrahim Salejee - Mufti Online21 Nov 2012
Using interest money to pay unjust fines
Can Interest money be used to pay unjust fines, e.g. Tax, border fines for paperwork mistakes! I’m not saying on speeding fines? But on those things…
Mufti Ebrahim Salejee - Mufti Online18 Nov 2012
Removing interest money from fixed deposit accounts using other halaal money
I have acted in error and require your advice in the following matter: As a result of the sale of mtn shares, I transferred monies from the share…
Mufti Ebrahim Salejee - Mufti Online18 Nov 2012
Accepting the invitation of the debtor
I have a friend, who borrowed some money from me a while back. He sits in a grocery shop, owned by another friend who is out for three chilla. I…
Mufti Ebrahim Salejee - Mufti Online18 Nov 2012
Lending money to an Islamic School on interest
Zaid is willing to lend a Islamic School 50 thousand pounds for a year, on the condition that at the end of the year he gets his full money back, on…
Mufti Ebrahim Salejee - Mufti Online18 Nov 2012
Using interest money from a non-Muslim
Is it allowed to get and use interest money from a non Muslim?
Mufti Ebrahim Salejee - Ask Imaam14 Nov 2012
Is it permissible to work as relationship manager in a bank?
My cousin is a relationship manager in a bank.is his income halal? And are energy drinks like redbull,sting etc halal?
Hussein Issa - Jamiat KZN14 Nov 2012
Paying off security company with interest money
Kindly advise if interest money can be used to pay a security company which provides armed response. Their fees are rather high and difficult to…
Mufti Ebrahim Desai - Ask Imaam12 Nov 2012
Kindly advise how interest money can be used
Kindly advise how interest money can be used
Ismail Desai - Ask Imaam12 Nov 2012
Please help me to know about Islamic Banking, theory, systems, etc.
Please help me to know about Islamic Banking, theory, systems, etc. Also kindly provide address of organization or bank in Middle East which…
Ismail Desai - Mufti Online12 Nov 2012
Interest related question
I am a security officer in Abu Dhabi. I have 3 questions: A few days ago one of my friends told me that my boss's wife wants to sell her car, if you…
Mufti Zakaria Makada - Ask Imaam11 Nov 2012
Can I buy goods on consignment and can I buy goods on credit if there is no interest involved?
Asalam Walikum, I run a pharmacy. I need to know the legality of certain transactions: 1) We buy goods from the seller on consignment on the…
Sohail ibn Arif - Mufti Online5 Nov 2012
Lottery
Is Lottery Permissible? Where Every Month 12 People Put R100 each, and Each Month 1 Person Will Get The Whole Sum Of R1200?
Mufti Ebrahim Salejee - Ask Imaam4 Nov 2012
Can I work in the Information Security Architecture Department of a bank?
I work within a financial services bank (Standard Bank) in the information Security Architecture department. Basically the work involves consulting…
Ismail Desai - Mufti Online4 Nov 2012
Paying part of the traffic fines with interest money
Can a traffic fine be paid with part of my money and the excess with interest?
Mufti Ebrahim Salejee - Mufti Online13 Oct 2012
Working for a Software company that designs ERP management software with interest functionality
I am a software developer and i work for a pakistani software house. This software house is a partner of an american software house. My company…
Mufti Ebrahim Salejee - Mufti Online13 Oct 2012
What can a Muslim do with interest money?
What can a Muslim do with interest money, can he give a Muslim?
Mufti Ebrahim Salejee - Mufti Online11 Oct 2012
Betting without investing money
Is betting without investing money permissible? Will it fall under the category of Gambling? Example: Two friends bet on cricket match, and the…
Mufti Ebrahim Salejee - Mufti Online7 Oct 2012
Living with my parent who is working at the cash loan
I live with my parent who is working at the cash loan(thuthukani)so my question is that, whatever she comes or earn from her work it's all from…
Mufti Ebrahim Salejee - Mufti Online7 Oct 2012
Shariah Compliant Equities, Shares, Unit Trusts, Islamic Banking etc.
Is there any reason to doubt income and profits derived from Shariah Compliant Equities, Shares, Unit Trusts, Islamic Banking etc.? From what we…
Mufti Zakaria Makada - Mufti Online6 Oct 2012
Islamic Banks and Equities
Could you please explain the rulings regarding Banking with Islamic Banks (Absa Islamic, Albaraka, Etc). A friend of mine said to me it is all a…
Mufti Ebrahim Salejee - Mufti Online6 Oct 2012
In what avenues can interest money be spent
Generally, in what avenues can interest money be spent? Is it also permissible to pay traffic fines with interest money?
Mufti Ebrahim Salejee - Mufti Online6 Oct 2012
Interest on overdue accounts
We do not charge interest on overdue accounts, but we find that because of this, both Muslim and non-Muslim companies take advantage and delay the…
Mufti Ebrahim Salejee - Mufti Online6 Oct 2012
Accountant recording an interest transaction
I'm in my 2nd year, studying accounting. I read the following hadith the other day: Allah's Messenger (sallallahu alaihi wasallam) cursed the…
Mufti Ebrahim Salejee - Mufti Online4 Oct 2012
Do we receive interests from conventional banks or dividends
My question is that do we receive interests from conventional banks or is it dividend? As far as i know, conventional banks use our money to invest…
Mufti Ebrahim Salejee - Mufti Online3 Oct 2012
Collecting funds via credit card
Al-Farooq Masjid utilizes today’s technology to collect funds via credit card. The method we use to perform this transaction is creating a merchant…
Mufti Ebrahim Salejee - Mufti Online3 Oct 2012
What are the categories of interest that are strictly haraam?
What are the categories of interest that are strictly haraam? Does interest credited to savings accounts by banks also included? Can one offset such…
Mufti Zakaria Makada - Mufti Online27 Sep 2012
Applying for a bursary at a bank
Is it permissible to apply for a bursary at a bank? E.g. Old Mutual.
Mufti Ebrahim Salejee - Mufti Online27 Sep 2012
Banks and ATM's as tenants
Is it permissible to have banks and ATM's as tenants. Is the money from earned/received from these tenants Halaal?
Mufti Ebrahim Salejee - Mufti Online26 Sep 2012
Paying traffic fines with interest money
Can I pay pay my traffic fines with interest money?
Mufti Ebrahim Salejee - Ask Imaam24 Sep 2012
Can I work as a bank teller?
Can i work as a bank teller in a bank that runs on interest?
Hussein Issa - Mufti Online22 Sep 2012
Home & Life Insurance
Are we allowed to take out Home insurance and Life insurance?
Mufti Zakaria Makada - Mufti Online19 Sep 2012
Health and car insurance
Are health and car insurance halal?
Mufti Ebrahim Salejee - Mufti Online19 Sep 2012
justplay.co.za
I recently came across a website (www.justplay.co.za). on this website one can enter competitions by answering questions. the problem is that most…
Mufti Ebrahim Salejee - Mufti Online18 Sep 2012
Job in an Islamic bank
Is it permissible for me to accept a job with an Islamic bank (credit department- analysing client's creditworthiness and financials)? I am aware of…
Mufti Ebrahim Salejee - Mufti Online17 Sep 2012
Taking and giving a Bribe
Is it permissible to take and give a bribe? Is it permissible to bribe a person with R5000-00 in order to get one`s visa?
Mufti Ebrahim Salejee - Mufti Online16 Sep 2012
Offsetting bad debts of a deceased person with interest money
Can interest money received in a bank account be used to offset bad debts of a deceased person?
Mufti Ebrahim Salejee - Mufti Online15 Sep 2012
Working in the banking/financial services industry and looking for a better job
I just want some advice regarding my predicament and also to request your Duas that Allah takes me out of this situation. I have been working in the…
Mufti Ebrahim Salejee - Ask Imaam5 Sep 2012
Is it permissible for me to design solutions for banks, insurance companies, etc
Asalam u Alikum, I am a Network & Security Engineer in an IT Security Company. I mostly deal in designing and implementing security solutions for…
Moulana Ismail Desai
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.