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 37 of 44
- Ask Imaam7 Mar 2008
If a vehicle is sold to you at the market price which is also obviously the market value of the vehicle, you finance the item through an Islamic Bank who technically purchase the vehicle from the dealer and sell it to you at a profit.
If a vehicle is sold to you at the market price which is also obviously the market value of the vehicle, you finance the item through an Islamic…
Ml. Abu Yahya - Ask Imaam1 Mar 2008
I live in the uk. I used my indian credit card to buy car insurance in the UK for 68 pounds. The exchange rate at which the credit card company was Rs 79 for 1pound(which is Rs 5372). They charged me in indian rupees....
I live in the uk. I used my indian credit card to buy car insurance in the UK for 68 pounds. The exchange rate at which the credit card company was…
Mufti Ebrahim Desai - Ask Imaam1 Mar 2008
I am a student and have to pay my fees online quite a few times which requires me to have a credit card
I am a student and have to pay my fees online quite a few times which requires me to have a credit card because the debit cards offered by the banks…
Mufti Ebrahim Desai - Ask Imaam23 Feb 2008
I wanted to know if someone is taking a student loan (with interest on it) and there is some extra left, can he use that money to buy a grave for himself?
I wanted to know if someone is taking a student loan (with interest on it) and there is some extra left, can he use that money to buy a grave for…
- Ask Imaam11 Feb 2008
I work for building TOOLS for other software professionals who work in Banks. Is my job Halaal?
I am a software Professional. I work for building TOOLS for other software professionals who work in Banks. Ultimately the Project is from a Bank…
Ml. Yusuf bin Yaqub - Ask Imaam25 Jan 2008
I want to get a car from bank. As you know I have to pay interest on it. Pls. tell me if it will halal or haram.
I want to get a car from bank. As you know I have to pay interest on it. Pls. tell me if it will halal or haram. If it is haram then can I go to…
Ml. Ismail Moosa - Ask Imaam25 Jan 2008
I am working with a company in Middle East which is under construction. Currently all the payments including our salaries are made through Banking loans (interest based).
I am working with a company in Middle East which is under construction. Currently all the payments including our salaries are made through Banking…
Ml. Ishaq E. Moosa - Ask Imaam9 Jan 2008
Interest bearing transaction
I want your view about an issue we face in our compure software projects. What happens that my company doesn't take a projects for me that are…
Ml. Ehzaz Ajmeri - Ask Imaam11 Dec 2007
What is the islamic view on working for an investment bank or other financial institutions? is it haraam? are there any acceptabe roles in finance such as accounting? which i think does not involve interest. but i am not too sure.
1.What is the islamic view on working for an investment bank or other financial institutions? is it haraam? are there any acceptabe roles in finance…
- Ask Imaam11 Dec 2007
I want to know about interest . I know interest is haram but if any one takes loan on interest and build a home
I want to know about interest . I know interest is haram but if any one takes loan on interest and build a home and then suddenly too many problems…
- Ask Imaam3 Dec 2007
If interest and insurance is haraam,then how can one buy a house without paying interest on the bond or paying insurance for it?
If interest and insurance is haraam,then how can one buy a house without paying interest on the bond or paying insurance for it?
Mufti Ebrahim Desai - Ask Imaam28 Nov 2007
Please advise if interest money could be used to build a house for a poor muslim or what else could interst money be used for.
Please advise if interest money could be used to build a house for a poor muslim or what else could interst money be used for.
Ml. Ahmed Mohomed Pandor - Ask Imaam18 Nov 2007
Can i use interest to pay my childrens fees?
Please advise if I am able to use interest monies to pay for my childrens' education? I was previously advised that the interest monies may be used…
Mufti Ebrahim Desai - Ask Imaam31 Oct 2007
Credit card which gives you dividend back
My question is regarding a credit card. Now this is a type of a credit card which gives you dividend back. How this works is that the more you use…
Mufti Ebrahim Desai - Ask Imaam28 Oct 2007
Selling a domain name and payment by credit card
Please tell me if the following is OK. I make a website. This website will show an ad which will ask people to have an online CV / Resume. In other…
- Ask Imaam9 Oct 2007
Is cigarette selling is permissible in Islam?...Is it ok to give interest money to him to pay his interest....If somebody mensturbate while fasting, is the fast valid?
1) Is cigarette selling is permissible in Islam? I asked one of the mufti in India he said it is permissible, but I came across one of your fatawa…
Mufti Imran Hatia - Ask Imaam3 Oct 2007
Credit card payments
I have a question about credit cards paymenyt i would like to know that if i have bought something on credit card and i pay monthly instalments on…
- Ask Imaam27 Sep 2007
I benefited from the interest money
My dad use to earn for our family before and that now he has retired (stopped earning). At that time he used to take interest on part of his money.…
Mufti Ebrahim Desai - Ask Imaam21 Sep 2007
The job description the company i work for is a bank that owns this firm, is it allowed for me to work there....
My question is that i work in Incident Managament, the job description is that i help people who have been involved in a car accidents e.g talk to…
Mufti Ebrahim Desai - Ask Imaam27 Aug 2007
Is it a sin to invest an be interested in stock exchange?
Is it a sin to invest an be interested in stock exchange?
Mufti Ebrahim Desai - Ask Imaam26 Aug 2007
Can i take an interest loan to purchase a house?
I live in New Zealand.The Tax rate is high and the retirement income is very low.So citizens ensure their future by buying houses.And of course they…
Mufti Ebrahim Desai - Ask Imaam19 Aug 2007
I am working in central bank in Finance Department. Is the salary halaal?
I am working in central bank in Finance Department. As you know that Bank basic earning is interest so my question is that: This salary is Halal for…
Mufti Ebrahim Desai - Ask Imaam19 Aug 2007
I'm Working in a Bank for the last 13 yrs. I'm willing to leave this job but unable to find another as yet.
I'm Working in a Bank for the last 13 yrs. I'm willing to leave this job but unable to find another as yet. I'm afraid to do some other illegle work…
Mufti Ebrahim Desai - Ask Imaam19 Aug 2007
Can a person have a commercial bank as a tenant
can aperson have a commercail bank as a tenant
Mufti Ebrahim Desai - Ask Imaam7 Aug 2007
In this instance where my ultimate goal is to work in Islamic Finance would it be permissible for me to work for a non shariah compliant bank/investment company?
I am currently working for an investment company, mainly dealing in administration of pension schemes. This does sometimes involve working out…
Ml. Ehzaz Ajmeri - Ask Imaam6 Aug 2007
Can I give the managing agents who collects the levies, the instruction to add interest on any owners overdue accounts
I am the Vice Chairperson of my Body Corporate in JHB and also the Trustee responsible for finances. A clause in the contract that each resident…
Mufti Ebrahim Desai - Ask Imaam5 Aug 2007
Meezan Bank
as salaamu alaikum: dear mufti sahib; recently you had a question related to meezan bank in pakistan. i have a sample contract for takafol and much…
- Ask Imaam19 Jul 2007
I wonder if you could kindly advise whether or not I could consider the profit given by Meezan bank as Halal?
I am maintaining an account with Meezan Bank in Pakistan. Meezan Bank claims to be the first non-ribaa bank in Pakistan. It also has some prominent…
- Ask Imaam9 Jun 2007
Hiring house to a Riba based bank
is it permissible to let ones house for rent to a riba based bank
Mufti Ebrahim Desai - Ask Imaam5 Jun 2007
I sometimes use my credit card and pay off the amount before any interest is charged on it.....Also If a woman approaches a Islamic Court with an appeal that her husband has raped her.
1) I sometimes use my credit card and pay off the amount before any interest is charged on it. Currently I require cash and if I take out cash from…
Mufti Ebrahim Desai - Ask Imaam25 May 2007
Is this fine equal to interest?
If i take a book from a library on 10th of this month, it has to be returned on or before 10th of next month. If i return it only on 20th of next…
- Ask Imaam20 May 2007
Can i apply for a bank job?
I am a MCA GRADUATE,my question is whether i can applay for the bank job,becuase the jobs in the bank surrounded by itrests.yhat is why iam asking…
M. Jawed Iqbal - Ask Imaam6 May 2007
Is purchasing a vehicle through the bank haraam because of the interest or because of the insurance?
I live in Durban, and I would like to know if there is any other persmissible finance for vehicle's beside's from Islamic banks, such as Albaraka…
Mufti Ebrahim Desai - Ask Imaam23 Apr 2007
We are not allowed as a muslim to deposit money in the bank my question to you is where should a person then deposit his money...
Aas Salam Alai Kum Mufti Saheb, A) We are not allowed as a muslim to deposit money in the bank my question to you is where should a person then…
Mufti Ebrahim Desai - Ask Imaam23 Apr 2007
Islamic Banking in UK
I am a university student in the UK. I am studying Islamic banking as my dissertation in my final year BA business studies. I am wondering if you…
Mufti Ebrahim Desai - Ask Imaam23 Mar 2007
I am jobless at the moment and searching for job, In previous week i got the job offer from Meezan Bank...
I live in karachi, pakistan, Mufti Sahab my question is about Meezan Bank, I am jobless at the moment and searching for job, In previous week i got…
Mufti Ebrahim Desai - Ask Imaam12 Mar 2007
I would like to know whether is it permissible to pay this interest to bank using the dividend/return on my investment that I had already received?
Due to ignorance and limited knowledge of Islamic investment and finance rulings, let say, if I had invested in conventional investment fund/scheme…
Mufti Ebrahim Desai - Ask Imaam2 Feb 2007
Can i use interest money to pay my College fees?
Asslamu alkum,if i use intrest for paying fees of my college and i get job on behalf of acquiring knowledge from that particular college, would my…
Mufti Ebrahim Desai - Ask Imaam2 Feb 2007
CAN a poor person pay goverment taxes from profit money from bank or not?
Q-1 CAN a poor person pay goverment taxes from profit money from bank or not? Q-2 Is national saving profit on which the centre has deducted zakaat…
- Ask Imaam1 Feb 2007
Are investments in AlBarakah Bank and Oasis Crescent Funds Halal?
Could you please advise if the returns from a savings account or general investment account in Albaraka Bank are halaal or not? Also, are similar…
E. Vawda
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.