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 35 of 44
- Ask Imaam4 Jul 2011
I live in Newyork and i would like to know if i can borrow loan from a bank to buy house ?
I live in Newyork and i would like to know if i can borrow loan from a bank to buy house as you know bank will engage me in interest (riba)…
Muftī Ebrahim Desai - Ask Imaam25 Jun 2011
My father used to work in government organization. People used to give him bribe. He also took loan from a private bank. I want to know what to do with the house and the rent from it which he built?
My father used to work in government organization. People used to give him bribe (few of the cases without asking). He took loan from a private bank…
Mufti Ishaaq E. Moosa - Ask Imaam23 Jun 2011
1. Could I consider IT Project Management within conventional banking / finance without any involvement with interest? 2.Could you advise some lifestyle change to allow me to pray Fajr without having any major effects on sleep and the ability to wake up in the morning for work?
Question 1: I have been seeking a new job for the last 2 years, but have been very unsuccessful. I have been continuously applying to earn a Halal…
Muftī Ebrahim Desai - Ask Imaam2 Jun 2011
Is the anything dua or wazeefa I can read which will help me find another job asap? Or is there a dua which can make my job bearable? I am not a good seller in the bank because I feel very uncomfortable selling these haraam products and this means I that I get a lot of stress and pressure when I am in branch as I don't hit target ever. Please help me.
I am a practicing muslima, read salat and wear Islamic clothing. I try to remember Allah at all time and pray Almighty forgive me for any sinful…
Muftī Ebrahim Desai - Ask Imaam1 Jun 2011
Selling Customer Receivables to a Bank
Suppose I have 1 million in Receivables which are outstanding from various customers. The customers have agreed to pay in Installments in 2-3 yrs.…
Muftī Ebrahim Desai - Ask Imaam16 Apr 2011
Can I do internship at the banks? How about if I dont take any salary from them?
Q.1 i wanted to know if doing an internship, articleship in a Non islamic bank halal. As our main intention there is to get working experience and…
Muftī Ebrahim Desai - Ask Imaam16 Apr 2011
Could you please let me know that if a bank offers 0% interest loan on any home appliances with istallment wise system is fine for me to use that loan or not.
Could you please let me know that if a bank offers 0% interest loan on any home appliances with istallment wise system is fine for me to use that…
Muftī Ebrahim Desai - Ask Imaam20 Dec 2010
Is it permissible to work as an accountant and deal with interest?
I am studying accounting in college and it is a joint program to university. For school while preparing balance sheets we have to deal with…
Ml. Sohail Bengali - Ask Imaam26 Oct 2010
I want to open an interest account to give interest money to poor people, is it allowed? Can I use this interest money for my parents, especially for Hajj?
I have current account in the bank and the money is just sitting there. I want to open an interest account to give interest money to poor people, is…
Mawlānā Sohail Bengali - Ask Imaam4 Oct 2010
My wife has exchanged old notes with the new notes where she pay slightly higher for the new notes. She will use the new notes to be given to children of relatives during the Eid day. I told her that this is riba transaction and ask her to give the new notes to the children with the
My wife has exchanged old notes with the new notes where she pay slightly higher for the new notes. She will use the new notes to be given to…
Ml. Abduz Zaman - Ask Imaam16 Aug 2010
1. Can we take ablution and how when we are having a bath inside a river or pond or something not at the bank of the river. 2. In Islam there is cure for Black Magic reciting the last 2 suras of the Quran. In the mean time is "EYE DEVIL" thing believed in ISLAM
Can we take ablution and how when we are having a bath inside a river or pond or something not at the bank of the river. Second question, In Islam…
Ml. Muhammed Sindhi - Ask Imaam12 Aug 2010
I read all your fatwas on whether working in Bank or working for Bank related activities is permissible or not permissible. I understand, we can not take a unique decision, and whether to decide if the job is halal or haram, is majorly based on the roles and
I read all your fatwas on whether working in Bank or working for Bank related activities is permissible or not permissible. I understand, we can not…
Ml. Ebrahim Desai - Ask Imaam25 Jul 2010
My bank gives Reward/Loyalty points every time I use my credit card. I can redeem these points for a wide range of products. I can also redeem these points against my credit card outstanding amount. I have the following question regarding these points.
My bank gives Reward/Loyalty points every time I use my credit card. I can redeem these points for a wide range of products. I can also redeem these…
Ml. Sohail Bengali - Ask Imaam21 Jul 2010
My question is this Is a Car financing with Duabi Islamic bank acceptable as per Sharia? Waht are the points to remember
Assalamu Alaikum My question is this Is a Car financing with Duabi Islamic bank acceptable as per Sharia? Waht are the points to remember Jazakallah…
- Ask Imaam15 Jul 2010
1. Many of Bangladeshi people keep their money in Islamic Bank because they claim that interest raises from this bank is halal. My question is this interest money really halal?..2. From your question-answer site I have known that eating shrimp is not permissible for Hanafi madhab. In , general people treat the shrimp as fish. As it is known as fish, so...
1. Many of Bangladeshi people keep their money in Islamic Bank because they claim that interest raises from this bank is halal. My question is this…
Ml. Abduz Zaman - Ask Imaam29 Jun 2010
Asslam-o-Alikum, I want to investment in Islami Bank, Pakistan. Islami Bank, Pakistan offer to interest free policy. Is right / wrong. Please give a detail answer.
Asslam-o-Alikum, I want to investment in Islami Bank, Pakistan. Islami Bank, Pakistan offer to interest free policy. Is right / wrong. Please give a…
Ml. Abdur Rahman Shareef - Jamiat KZN24 May 2010
Can I give interest monies to my needy sister?
Asalaamualaikum Can I give away my interest money to my sister who is down and out? She does not have any source of income what so ever? Jazakallah
Suhail Tarmahomed - Ask Imaam17 May 2010
Can I purchase a land from the heirs of a person who (died) was giving loans on interest basis, I afraid that this land might have
Can I purchase a land from the heirs of a person who (died) was giving loans on interest basis, I afraid that this land might have acquired from the…
Ml. Abdur Rahman Shareef - Ask Imaam13 May 2010
Interest from the banks
1. My family has a car business and they have an overdraft in the bank and mortgage properties and buy and sell cars based on this interest loans,…
- Ask Imaam12 May 2010
I am writing from Kamloops, BC, Canada and would like to know whether taking a bank loan to expand a mosque is permissible. We have recently established a mosque in a small house which is built on an acre land. With the help of Allah (SWT), our mosque is
I am writing from Kamloops, BC, Canada and would like to know whether taking a bank loan to expand a mosque is permissible. We have recently…
Ml. Ebrahim Desai - Ask Imaam23 Apr 2010
Many banks in pakistan offer loan without interest for HAJ. Is this allow in Islam to take loan from bak without interest and give some of the % before and rest in installemnet after HAJ. If no then why Banks like meezan , dubai islamic offering it.
Many banks in pakistan offer loan without interest for HAJ. Is this allow in Islam to take loan from bak without interest and give some of the %…
Ml. Abduz Zaman - Ask Imaam13 Mar 2010
When does riba became nessicity because people are saying "oh if i don't have a lot of money to pay for my school i can take loan with riba". they say its nessicity or must. what is the ruling on this?
When does riba became nessicity because people are saying "oh if i don't have a lot of money to pay for my school i can take loan with riba". they…
Mufti Abrar Mirza - Ask Imaam4 Feb 2010
I have recently been interviewed in a bank for a job. The job is related to Bank Call Center. My role will be to provide work force management to their call center staff. Work Force
I have recently been interviewed in a bank for a job. The job is related to Bank Call Center. My role will be to provide work force management to…
Mufti Abrar Mirza - Ask Imaam31 Jan 2010
I am working in Saudi Arabia and I have 2 children. By Grace of Allah in coming April I am expecting a new baby. My 2 children born by major operation and doctor told me the chances of 3rd are very high through operation. Now my wife is interested to stop the pregnancy during this operation on permanent basis...
I am working in Saudi Arabia and I have 2 children. By Grace of Allah in coming April I am expecting a new baby. My 2 children born by major…
Ml. Abdur Rahman Shareef - Jamiat KZN16 Nov 2009
Can I use the interest money to pay bank charges?
Can I use the interest money to pay bank charges?
Mufti Suhail Tarmahomed - Ask Imaam8 Nov 2009
1. Can I use the interest money for my relatives marriage/good cause without any intension of sawab? If not then, what to do with that money?...
As salamu alykum wa rahmatullahi wa barakatuhu, I had taken a loan to purchase a plot/house for personel use about 1 yr and 2 months ago from the…
Ml. Ishaq E. Moosa - Ask Imaam12 Oct 2009
I had to inevitably take a 4 yr Bank Loan to find an accomodation in my home town. I am also working at a Software Company. My question is, since I am already paying high...
I had to inevitably take a 4 yr Bank Loan to find an accomodation in my home town. I am also working at a Software Company. My question is, since I…
Ml. Ismail Moosa - Ask Imaam21 Aug 2009
Medical student needs a loan from the bank
I hope this short note finds you and your loved ones in good health and Islamic spirit. Sheikh, I would like to know the answer from you and below…
- Ask Imaam16 Aug 2009
Can i use this interest money?
My fatther had NRI account in india and he had 1.6lakh in his account after 10years the amount is 3.42 lakhs..so the intrest rate money is 1.80lakh…
- Ask Imaam10 Aug 2009
I have bought a second home a few years back using a normal riba based loan, therefore paying the bank huge sums of interest every month. I want to follow the right path now..
Dear Respected Ulema I have bought a second home a few years back using a normal riba based loan, therefore paying the bank huge sums of interest…
Ml. Abrar Mirza - Ask Imaam5 Aug 2009
i want to do job in bank. i want to know that the salary which i will get will it be halaal or haram. my husband is nice man but becuase of his some family members he don't...
i want to do job in bank. i want to know that the salary which i will get will it be halaal or haram. my husband is nice man but becuase of his some…
Ml. Abrar Mirza - Ask Imaam29 Jun 2009
Earning interest in bank deposits
Situation 1; A person can keep a sum of money in bank in a special account frozen for a period of a year with rent percentage of for example 5 % A…
Ml. Abrar Mirza - Ask Imaam29 Jun 2009
I was interested to know if participating in Auctions such- either in the actual physical ones or via the Internet like through EBAY is allowed in Islam ?
I was interested to know if participating in Auctions such- either in the actual physical ones or via the Internet like through EBAY is allowed in…
Mufti Ebrahim Desai - Ask Imaam24 Jun 2009
1. I have US $17,000 in Credit Card debts for which I have been paying minimum monthly repayments which are interest based. ... 2. I had made an intention of naming our new born child, if a boy, by the name of first caliph (R.A) of Islam, ... 3. i am involved with the work of Tableegh over here for the past 3 years or so. Nowadays i am in some sort of confusion as i am more worried about the
Jazakallah Khair for all the amazing work you and your organization has been doing for all the Muslims throughout the world. I am personally…
Ml. Ishaq E. Moosa - Ask Imaam12 Jun 2009
Mufti Saheb I would like to know if I can use Interest Money to build a toilet in the Madrasah.
Mufti Saheb I would like to know if I can use Interest Money to build a toilet in the Madrasah. I am running a Madrasah in a rented house and the…
Ml. Sajid bin Shabbir - Ask Imaam4 Jun 2009
Can an accountant work in company who is getting interest from bank from call accountant?
1. I got a offer to work in company I am an accountant working in Botswana ( i am a srilankan), In that company there is three division the main one…
Ml. Ebrahim Desai - Ask Imaam24 May 2009
Money earned from a bank
My wife was working in a bank few years back. During that time we purchased a land in India. When I did a mashura with two aalims, they said the…
Ml. Abrar Mirza - Ask Imaam24 May 2009
My question is regarding a riba mortgage. I bought a house in my country by riba mortgage 2 years ago when I was non muslim (I was christian then). So I...
Asalamo Alykum..My question is regarding a riba mortgage. I bought a house in my country by riba mortgage 2 years ago when I was non muslim (I was…
Ml. Abrar Mirza - Ask Imaam23 Apr 2009
I currently got a job with a collections agency for a bank. My job requires me to just call our clients and to remind them to pay the monthly installment that is owed on their accounts. ...
I currently got a job with a collections agency for a bank. My job requires me to just call our clients and to remind them to pay the monthly…
- Ask Imaam9 Apr 2009
I am going to marry a woman to get a citizenship of the country. Her interest in marriage is, I reward her with money and plus I have to sleep with her. My question is am I allowed to sleep with her as I am not going to marry her for real?
I am going to marry a woman to get a citizenship of the country. Her interest in marriage is, I reward her with money and plus I have to sleep with…
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.