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 39 of 44
- Ask Imaam28 Sep 2005
Can we use interest money to pay off Tax?
Can we use interest money to pay off Tax? We have to pay a large amount of Council Tax a year. During the year interest money is accumulated on a…
Mufti Ebrahim Desai - Ask Imaam5 Sep 2005
Eating food from a person who deals in Riba
I would like to know that since many muslims accept interest or earn their income in a haraam,etc , their food becomes haraam too. What to do in a…
Mufti Muhammad Ashraf - Ask Imaam17 Aug 2005
Sharing a residence with a brother knowing that the house is on interest payment
Sharing a residence with a brother knowing that the house is on interest payment yet there is a better chance to success in finding a spouse for…
Mufti Ebrahim Desai - Ask Imaam11 Aug 2005
i want to ask about the job in bank? is it haram because of interest actitivities in bank?
i want to ask about the job in bank? is it haram because of interest actitivities in bank? Plz give me answer in detail? someone told me that the…
Mufti Muhammad Ashraf - Ask Imaam10 Aug 2005
I have few Credit cards and I am very care ful about not paying any interest
I have few Credit cards and I am very care ful about not paying any interest on that and make my full payments before due date.But it happened that…
Mufti Ebrahim Desai - Ask Imaam4 Aug 2005
Is it allowed to take profit by selling a house , purchased on the basis of RIBA ,(Convetional mortgage system).
Is it allowed to take profit by selling a house , purchased on the basis of RIBA ,(Convetional mortgage system).
Mufti Muhammad Kadwa - Ask Imaam27 Jul 2005
work for islamic development bank
I want to do a job in ISLAMIC DEVELOPMENT BANK JEDDAH. i think that it is not a commercial bank, and if it is, what do you think that is it HALAAL…
Mufti Ebrahim Desai - Ask Imaam26 Oct 2004
Interest in Pursuing Islam
Assalam U Aalaikum. In case a person wants to pursue religious education after completing his Masters (i) what sort of a career path can he look…
Mufti Ebrahim Desai - Ask Imaam25 Oct 2004
Is it permisable to use interest money to pay for brokerage and share purchasing expenses? Also to pay for bank charges?
No, it is not permissible to use interest for this purpose. Interest should be given away to the poor without any intention of reward. and Allah…
Mufti Muhammad Kadwa - Ask Imaam25 Oct 2004
I would like to ask a question about the money that you receive yearly on your money in the bank read the details and tell me what you think
I read in one of the previously answered questions that the when you put money in the bank the bank gives you 10% interest on your money which has…
Mufti Muhammad Kadwa - Ask Imaam8 Oct 2004
1. Here there’s too much dealing with interest. Am I forgiven if I hav no choice but to receive and pay interest in the country I live?
1. Here there?s too much dealing with interest. Am I forgiven if I hav no choice but to receive and pay interest in the country I live? I always…
Mufti Ebrahim Desai - Ask Imaam8 Oct 2004
Bribe in the business...is it ok to bribe them from the interest amount
Sir, My uncle has a business in india. He is supplying goods to the private and public ltd. companies. Now to pass the purchase orders and to get…
Mufti Ebrahim Desai - Ask Imaam23 Sep 2004
Which one of Lotto machine, credit card and bank loan is worse in Islam?
According to our understanding of your query, you enquire about gambling through a lotto machine and interest through a credit card or bank loan. If…
Mufti Ebrahim Desai - Ask Imaam16 Sep 2004
what is defrence between house rent and bank inturest for ex. if we have house about 500000 and got rent about 2500 and in bank also have 500000 and got 2500 which is hram and why asad
To hire a house and pay a rental is permissible. Interest is expressly prohibited in the Qur?aan. and Allah Ta'ala Knows Best Mufti Ebrahim Desai
Mufti Ebrahim Desai - Ask Imaam16 Aug 2004
I am interested in ur faith.I want to know whats the purpose of wearing a hat?
The first and primary reason is that it was part of the attire of our Beloved Prophet (Sallallahu alaihi wasallam). Out of our love for him, we…
Ml. Husain Kadodia - Ask Imaam13 Aug 2004
I work in the IT Department of an MNC Bank in Singapore. Can I work in the IT dept. Let me know please.
Dear Mufti Sahab, My question is same as above. Can I work for an IT department in a bank. IT- Information Technology. Also kindly clarify regarding…
Mufti Ebrahim Desai - Ask Imaam6 Aug 2004
I would like to know whether I can invest an amount of my money in a tax saving scheme with the intention of not accepting the interest out of that.
I am working in a Software company in India. I would like to know whether I can invest an amount of my money in a tax saving scheme with the…
Mufti Ebrahim Desai - Ask Imaam14 Jul 2004
Is it jaiz to use interest earned from a bank to pay off interest charged from the same bank ?
This question was posed to me by a converted Muslim (approx. 3 years) " I bought a house & car 2 yrs ago and tried not to go through a bank for the…
Ml. Imraan Vawda - Ask Imaam14 Jul 2004
How should I spend the money that comes as interest(not intentionally) from the Bank?
I have a SB account in the Bank, for each period of months, the Bank will put some extra money in the account. first of all i want to confirm that…
Mufti Ebrahim Desai - Ask Imaam23 Jun 2004
I am a Mauritian working in South Africa. Can I use interest money? to pay for air tickets for my old uncles/aunts to visit me from Mauritius?
I want to buy a house. I have contacted the Islamic Bank; they refuse to give an Islamic loan, as I am mot a Permanent Resident. Can I take an…
Mufti Ebrahim Desai - Ask Imaam19 Jun 2004
Is it permissible to take a loan if no interest is charged, but a monthly fee of R10.00 is charged as Admin fees, for the duration of the loan?
It is not permissible. and Allah Ta'ala Knows Best Mufti Ebrahim Desai
Mufti Ebrahim Desai - Ask Imaam19 Jun 2004
Can we use money donated to a department by a Banking Institute?
I am working in an educational institute, and the dapartment that I am working in was given a large amount of money by a Banking Institute before I…
Mufti Muhammad Kadwa - Ask Imaam7 Jun 2004
Is Pension Scheme allowed where one choose the policy (Maturity and Funds) of his choice is it Halal? When Government promises the investment will be Riba Free?
Pension Scheme is self-contributory and flexible with option to decide how much one wants to contribute. There is no maximum limit of contribution.…
Mufti Ebrahim Desai - Ask Imaam7 Jun 2004
is forex trading allowed ?The procedure of a normal interest based trade is: you buy one currency against dollar for
instance buy pound and sell dollar. Your account is in dollars. you deposit $500 and get to trade on a margin. Each trade is for 100000 currency…
Mufti Ebrahim Desai - Ask Imaam3 Jun 2004
used to work as a teller for a bank - All the money that I have earned, is it considered Haram? Is there anything that I can do about it?
I used to work as a teller for a bank in USA. Currently I am working as a teller supervisor. As a part of my job, at times I am also involved in…
Mufti Ebrahim Desai - Ask Imaam27 May 2004
On a credit card, I get 5% rebate on certain purchases. Also when I signed up I got $20 cash back. Is it jaaiz to use both this kind of money?
The 5% rebate on certain purchases and the $20 rebate is permissible. and Allah Ta'ala Knows Best Mufti Ebrahim Desai
Mufti Ebrahim Desai - Ask Imaam21 May 2004
My credit card company has launched a campaign that if I you use my credit card during a certain period of time (once or more) it will enable me to enter a withdraw of prizes.
My credit card company has launched a campaign that if I you use my credit card during a certain period of time (once or more) it will enable me to…
Mufti Ebrahim Desai - Ask Imaam7 May 2004
I have a Christian friend interested in learning more about Islam. Can u recommend some english books or websites that would be beneficial in order to invite them & show the beauty of Islam?
Also are you familiar with the book "The Complete Idiot's Guide to Understanding Islam" by Yahiya John Emerick? And if so, would you recommend it…
Mufti Ebrahim Desai - Ask Imaam7 May 2004
I want to know make Fixed deposits in the bank for compound interest and without an intention to use the interest money for myself.
Assalamu Alaikum, I want to know make Fixed deposits in the bank for compound interest and without an intention to use the interest money for…
Mufti Ebrahim Desai - Ask Imaam19 Apr 2004
How the islamic backs function...2) How can one save taxes if there are no islamic banks.
My question is How the islamic banks normally function, how the members are paid and how they give loans when they do not charge interest arent they…
Mufti Ebrahim Desai - Ask Imaam14 Apr 2004
paypal.com fees is interest or this is consider as service fee.
There is a website paypal.com on which if somebody send you money through credit card they(PAYPAL.com) will charge from receiver of money 30 cent…
Mufti Ebrahim Desai - Ask Imaam14 Apr 2004
I have to buy a home. there is a bank in pakistan which is offerring intrest free loans. details canbe seen on the website.http://www.meezanbank.com/
actuall they offer loan on the basis they'll share 80% of the price & if one want to pay in 60 installments the amount then be devided into 60 units…
Mufti Ebrahim Desai - Ask Imaam13 Apr 2004
Is loan with interest to construct a house, just to save the Income Tax is Halal ?
I am a Radiologist, and my earnings are in White money, just to save Income Tax, as I am in a Bracket of 35% [ yearly tax payable is > 7.2lakhs],…
Mufti Ebrahim Desai - Ask Imaam7 Apr 2004
Is it permissible to pay ones debts off with interest money ?
If a person is poor and needy and is eligible to accept Zakaat, he is also eligible to accept interest money. If such a person is given interest…
Mufti Ebrahim Desai - Ask Imaam1 Apr 2004
credit card - sales to customer on budget facility, am I assisting in a interest transaction ?
Assala-mu-Alaikum Mufti, we have a retail outlet and have +/- two transactions a month whereby the customer requests that his purchase be placed on…
Mufti Muhammad Kadwa - Ask Imaam8 Mar 2004
Admissibility of prayers in a dwelling purchased on interest accruing mortgage plan.
Is paying for groceries and bills in a joint ownership where the other person (who is ok with interest based mortgage plan) makes the mortgage…
Mufti Ebrahim Desai - Ask Imaam8 Mar 2004
Is it still ok to pay that interest to the bank even if you are paying on time ?
Salam Aleikum Could you please explain again about the using of a Credit card because it?s a bit confusing ? there will be something like ?Interest…
Mufti Muhammad Kadwa - Ask Imaam2 Mar 2004
IS THIS TRUE? My friend says that you cannot purchace food on a credit card, whether it is at the grocery store or at a resturant, even if you intend to pay off the balance at the end of the month
IS THIS TRUE? My friend says that you cannot purchace food on a credit card, whether it is at the grocery store or at a resturant, even if you…
Mufti Ebrahim Desai - Ask Imaam26 Feb 2004
Is it permissable to acquire telkom shares??Even if they deal in a permissable product their monies are kept in call accounts which earn a high rate of interest which will be distributed as profit.
It is permissible to acquire Telkom shares. However, since part of the dividends is made up of interest, a proportionate percentage of the profit or…
Mufti Ebrahim Desai - Ask Imaam25 Feb 2004
USE OF ACCUMULATED INTREST TO BE GIVEN TO BANK AS A BOND
WE do not intend to deal in any interest transactions in our business and therefore any interest we accumulate through bank deposits are paid to the…
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.