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 36 of 44
- Ask Imaam29 Mar 2009
If it's not permissible to give the interest amount to my muslim brother, kindly let me know to whom all I can give the interest amount without the intention of thawaab.
I have an interest amount in my savings bank account. One of my muslim friend has taken a loan from the bank by keeping his jewels as security.…
Ml. Abrar Mirza - Ask Imaam13 Mar 2009
My question is about whether it is permissible to work for a financial institution's IT (Information Technology) department. I work as a team to support the systems that run financial applications similar to a bank
My question is about whether it is permissible to work for a financial institution's IT (Information Technology) department. I work as a team to…
Abrar Mirza - Ask Imaam12 Mar 2009
I have a very important question regarding Albaraka bank. I have been working for the bank for a number of years, in the past two to three years there has been a lot of statements concerning the bank....
Mufti sahib hopes this email reaches you in great health and prosperity. I have a very important question regarding Albaraka bank. I have been…
- Ask Imaam27 Feb 2009
I am a software engineer and we have clients all over the industry like Retail, Banking, Automobile, Insurance , Finance etc. Our role would be to develop, design and maintain and support software’s for these clients. Is it OK to develop and maintain banking software’s?
I am a software engineer and we have clients all over the industry like Retail, Banking, Automobile, Insurance , Finance etc. Our role would be to…
Ml. Abrar Mirza - Ask Imaam24 Feb 2009
Can I receive interest deliberately from saving account and give it to needy people without hoping for a reward? I just don't feel good if bank makes profit from my money if I have a chequing(non-interest) account.
Can I receive interest deliberately from saving account and give it to needy people without hoping for a reward? I just don't feel good if bank…
Ml. Sajid bin Shabbir - Ask Imaam23 Feb 2009
1) Can husband divorce his wife unilaterally? 2) WHICH FORM OF RIBA IS PROHIBITED?
First question: Can husband divorce his wife unilaterally? Talaq means freeing oneself from the contract of Nikah (or the bond of holy matrimony).…
- Ask Imaam22 Feb 2009
What is the ruling of taking a loan from the bank?
What is the ruling of taking a loan from the bank?
Ml. Ebrahim Desai - Ask Imaam22 Feb 2009
Like me many other persons would like to know what to do with the Interest money. Whether it can be given to needy person or not....
Like me many other persons would like to know what to do with the Interest money. Whether it can be given to needy person or not. I live in and all…
Ml. Abrar Mirza - Ask Imaam18 Feb 2009
Can I use interest acquired from cancelled life insurance policies to settle interest on my bond and overdraft? Original amount of bond has long been paid off, just basically interest that remains.
Can I use interest acquired from cancelled life insurance policies to settle interest on my bond and overdraft? Original amount of bond has long…
- Ask Imaam15 Feb 2009
Could you please comment on the fatwa on working in a conventional bank issued by the sheikh on the following link and could you please (if possible) tell me about the reliability of the sheikh.
Asalamoalikum Mufti Sahab, Could you please comment on the fatwa on working in a conventional bank issued by the sheikh on the following link and…
Ml. Ismail Moosa - Ask Imaam15 Feb 2009
I currently have two bonds and an overdraft. The initial amount of the bonds have long been paid off, it is basically the interest that I am paying. In order to get out of this sin, I have decided to cancel my life insurance policies
Can Mufti Saheb please shed light on the following questions. I currently have two bonds and an overdraft. The initial amount of the bonds have long…
Ml. Yusuf bin Yaqub - Ask Imaam12 Feb 2009
I have many friends in bank . And all say if you provide us respective ahadith and quranic verses and explain us logically which job in bank is haram and which is jaiz.
I have many friends in bank . And all say if you provide us respective ahadith and quranic verses and explain us logically which job in bank is…
Ml. Ismail Moosa - Ask Imaam10 Feb 2009
From the question below, can u please tell me why the inaam cannot be considered as a volountary gift as is the case with credit card prizes?
From the question below, can u please tell me why the inaam cannot be considered as a volountary gift as is the case with credit card prizes?…
- Ask Imaam8 Feb 2009
In Pakistan Meezan bank is doing (according to them) islamic banking. They have the following fatwa on their website according to which Meezan bank is doing islamic banking and it is permissible and halal to open account with Meezan Bank and get profit....
Dear Mufti Sahib, In Pakistan Meezan bank is doing (according to them) islamic banking. They have the following fatwa on their website according to…
- Ask Imaam5 Feb 2009
I'm wanting to know if it's halal to be a part of this investment because although this account is invested in interest bearing companies and/or bonds,....
My U.S. government job pays 1% of my salary into a retirement account, but this is ADDITIONAL 1% money they give me, NOT taken out from my paycheck.…
Ml. Abrar Mirza - Ask Imaam23 Jan 2009
Various banks offer incentives when swiping their credit cards in the form of e-bucks, air rewards, voyager miles, points that convert to cash etc.
Various banks offer incentives when swiping their credit cards in the form of e-bucks, air rewards, voyager miles, points that convert to cash etc.…
- Ask Imaam23 Dec 2008
I have so many problems mainly dealing with riba. usa question
I have so many problems mainly dealing with riba. usa question 1. The most important thing is I got a credit card that had zero percent interest for…
Ml. Yusuf bin Yaqub - Ask Imaam28 Nov 2008
What is the solution if husbands income is totally based on riba.
What is the solution if husbands income is totally based on riba. My sister has tried her best to change him but after 10 years of effort have given…
Ml. Yusuf bin Yaqub - Ask Imaam26 Nov 2008
My field of study is Economics. I look like to get some insight into whether it is permissible to work in the banking sector. There are many people who have told me that it is not permissible at any cost because of the interest factor.
I am scheduled to graduate at the end of this year and my field of study is Economics. I look like to get some insight into whether it is…
Ml. Yusuf bin Yaqub - Ask Imaam25 Nov 2008
Q: I said ... riba is involved in schemmes like Al Burag, HSBC... they argued...why you eat chicken from shops, how do you know its halal?
I live in UK and my salary goes to my UK high street bank account. In a gathering, morgage for homes was discussed and I said its not permissible in…
- Ask Imaam24 Oct 2008
I Have a credit card From RAK bank, UAE, the card is free of charge, and i can spent upto certain amount of money,every month on a certain date the statement for the spent amoun till that date would be generated, and within the due date
Assalamu Alaikkum,My questain is regarding Credit Card,I Have a credit card From RAK bank, UAE, the card is free of charge, and i can spent upto…
Mufti Ebrahim Desai - Ask Imaam27 Aug 2008
I have read many fatwas that interest is Haraam and I have no doubt sabout it.
This quesion is about interest. I have read many fatwas that interest is Haraam and I have no doubt sabout it. I was under the impression that…
Ml. Yusuf bin Yaqub - Ask Imaam21 Aug 2008
Zaid is living in Albany. State of New York in U.S.A. He has taken a loan of 187,000 USD from Bank of America and taken a house on mortgage.
Zaid is living in Albany. State of New York in U.S.A. He has taken a loan of 187,000 USD from Bank of America and taken a house on mortgage. The…
Ml. Ehzaz Ajmeri - Ask Imaam21 Aug 2008
I bought a car through al-ijarah thuma al-bai'(AITAB), which mean hire-purchase. The bank claim it is Islamic concept. The concept is I choose a car from the car dealer, then I approach bank.
I bought a car through al-ijarah thuma al-bai'(AITAB), which mean hire-purchase. The bank claim it is Islamic concept. The concept is I choose a car…
Ml. Ishaq E. Moosa - Ask Imaam6 Aug 2008
I want to know about bank savings/investment, whether this profit is HALAL as Meezan bank claim.links are
Asalam O Aliakum I want to know about bank savings/investment, whether this profit is HALAL as Meezan bank claim.links are…
Ml. Asif Umar - Ask Imaam5 Aug 2008
I have about $10,000 worth of net debt. Can my father give me some of his interest money.
I have about $10,000 worth of net debt. Can my father give me some of his interest money.
Ml. Ehzaz Ajmeri - Ask Imaam25 Jul 2008
Is it permissable to work for a financial organisation that deals with interest. Although i wouldn't be dealing with it directly but my employer will be.
Is it permissable to work for a financial organisation that deals with interest. Although i wouldn't be dealing with it directly but my employer…
- Ask Imaam15 Jul 2008
Various places around the Western World Ulamah have started Part-time alim courses for people who are interested. Could you please comment on how you feel regarding these part time institutions.
Various places around the Western World Ulamah have started Part-time alim courses for people who are interested. Could you please comment on how…
Ml. Yusuf bin Yaqub - Ask Imaam14 Jul 2008
The payment on the car loan involves interest
A person took out a loan from a bank to buy a car. The payment on the loan involves interest. After a couple of months the person wants to change…
- Ask Imaam24 Jun 2008
I read a fatwa passed by Mufti Zuber Bhayat shaheb that it is permissible to invest with al baraka bank provided the paper work is checked by a reputable Aalim,i need to know if i can invest with al baraka?
I read a fatwa passed by Mufti Zuber Bhayat shaheb that it is permissible to invest with al baraka bank provided the paper work is checked by a…
- Ask Imaam23 Jun 2008
I am currently employed at a motor dealership, our business is done in a way where we arrange finance from the various local banks which include interest.
I am currently employed at a motor dealership, our business is done in a way where we arrange finance from the various local banks which include…
- Ask Imaam19 Jun 2008
A few years back ( - 4 years) I had an opportunity to purchase a piece of land from the Bank.....
A few years back ( - 4 years) I had an opportunity to purchase a piece of land from the Bank. I had no money. I approached my cousin who had the…
- Ask Imaam11 Jun 2008
Some one suggested me declare bankruptcy and it is legal in and do not borrow money or pay interest in future. And ask ALLAH to forgive you
Brother I have written you a few times about the same question, please help me about this problem. we are living in and have little family with two…
Mufti Ebrahim Desai - Ask Imaam1 Jun 2008
Can i offset Interest?
I know that receiving interest is not pemissible, however I need to know if one can offset interest received against interest paid on credit cards…
Ml. Abu Yahya - Ask Imaam21 May 2008
Is there any special dua he can make for Allah's forgiveness for being in this interest dealing place
If a person worked for a life insurance company (accounts dept.) for the past few years and now, shuk'r changed jobs and no longer work for the…
Ml. Abu Yahya - Ask Imaam20 May 2008
Taking a loan on interest
I made one big blunder 2 years back. my brother had taken a car on loan, knowing fully well that the amount which he has to pay back to bank will…
Ml. Ishaq E. Moosa - Ask Imaam25 Apr 2008
Can the interest be offset against the tax?
The Company which I have been working for had a mandatory contribution to a Pension Fund that was deducted from my salary monthly. I have now left…
Ml. Ishaq E. Moosa - Ask Imaam6 Apr 2008
Working in a conventional bank and to be associated directly with the interest bearing deals
I intend to commence employment as a solicitor (practising lawyer), Insha’Allah in July 2008. During my professional training I have tried to get…
Mufti Ebrahim Desai - Ask Imaam14 Mar 2008
I gave 60,000 rupeese to my father in law as debt so he can get rid of bank loan. now i know that he is unable to pay back my money.
I gave 60,000 rupeese to my father in law as debt so he can get rid of bank loan. now i know that he is unable to pay back my money. and I'm not…
Mufti Ebrahim Desai - Ask Imaam10 Mar 2008
Can fines be paid with interest money?
Can fines be paid wih interest money?
Mufti Ebrahim 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.