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 4 of 44
- Mufti Online18 Apr 2024
Student taking out an interest bearing loan
A student asked that she has no money and tried getting assistance but no one has offered her any help. Will it be ok for her to borrow money on…
Mufti Ebrahim Salejee - Azaadville23 Mar 2024
Participating In A Sporting Event Sponsored By The Lottery And A Bank
I am currently taking part in a sports activity which is part funded by the National Lottery, which is deemed haram by the ulema, in which I wanted…
- Ibn Masood11 Mar 2024
Usage of interest funds
- If a person has financed the purchase of a vehicle using the conventional banking system, involving interest, would it be permissible for them to…
Mufti Mohammed Desai - Mufti Online26 Feb 2024
Debtor taking out an interest bearing loan to pay his creditor
I lent some money to my cousin a few months ago. If he takes an interest based loan from the bank to return my money. Am I allowed to take my money…
Mufti Ebrahim Salejee - Mufti Online25 Feb 2024
Sports betting
Is it acceptable to engage in sports betting? Sports betting involves wagering money on predictions of sports outcomes, such as a player's…
Mufti Zakaria Makada - Ibn Masood24 Feb 2024
Using interest funds on Madrasah students
Can interest money be given to Zakaatable Madrasah students book their tickets to go home?
Mufti Mohammed Desai - Ibn Masood21 Feb 2024
Leasing out one’s premises to a bank
What is the ruling in regards to the following: A building is being bought where the bank is a tenant. The bank will stay on as a tenant for 12 more…
Mufti Mohammed Desai - Ibn Masood20 Feb 2024
Giving a loan in lieu of interest
I needed clarity on the following matter. I am providing capital to a friend for his business. This money is given as a Loan and will be paid back…
Maulana Abdul Kader Fazlani - Mufti Online19 Feb 2024
Debtor taking out an interest bearing loan to pay his creditor
If a debtor takes an interest based loan to return our due money. Are we allowed to take our money back from such an arrangement. We are not asking/…
Mufti Zakaria Makada - Mufti Online19 Feb 2024
Income of a salesperson who swipes customers credit cards
I work for company called NEXT who’s CEO has political support for Israel. Also the company provides a credit card for the customers which has…
Mufti Zakaria Makada - Mufti Online19 Feb 2024
Taking out life insurance solely to pay the estate duty upon one's demise
A person's estate may be liable to pay more than 10 million in estate duty. In order to avoid this, is it permissible to have an insurance policy…
Mufti Ebrahim Salejee - Mufti Online17 Feb 2024
Earning interest to pay off an interest bearing loan
I have a brother and a sister. My brother has taken a loan from a bank and has to pay back the loan with interest. My sister wants to open a fixed…
Mufti Zakaria Makada - Mufti Online17 Feb 2024
Using interest money acquired from one bank to offset interest charges of another bank
Can interest money acquired from one bank be used to offset interest charges on my credit card from another bank, or is it only permissible to use…
Mufti Zakaria Makada - Azaadville12 Feb 2024
Employment As A Bank Teller
Is it permissible to work as a bank teller?
- Azaadville5 Feb 2024
A Partnership With A Person Who Invests With Interest Funds
We live in a no-Muslim country. I have a business in which we take a plot (land), then develop it and then sell it. Usually it is a partnership…
- Mufti Online30 Jan 2024
Purchasing a TV on interest
I bought a TV with option of no cost emi of 3 months. After emi completion, Later I found out that it is not permissible and it involves interest as…
Mufti Ebrahim Salejee - Mufti Online29 Jan 2024
Using FNB Islamic banking and Al Mabroor profit shares
Are we allowed to use FNB Islamic banking and Al Mabroor profit shares?
Mufti Ebrahim Salejee - Camperdown29 Jan 2024
Interest money to poor Kafir
Is it permissible to give bank interest money to poor Kafir?
Suale Maguene Faine - Ibn Masood28 Jan 2024
Investing tenant’s deposit into an interest-bearing account
If one has a rental property and the non-Muslim tenant requests that his deposit be placed in an interest-bearing account, which based on feedback…
Mufti Mohammed Desai - Mufti Online27 Jan 2024
Purchasing a product from someone who bought it on an interest based loan
Is it permissible to buy a product from someone if we know that he bought that product by means of an interest based loan? Now he has finished all…
Mufti Zakaria Makada - Mufti Online25 Jan 2024
Are items purchased through interest bearing loans halaal?
What is the ruling on a person if in past he has taken interest based loans to buy a home, plot or any electronics item and keep repenting. Are…
Mufti Zakaria Makada - Mufti Online25 Jan 2024
Clalit Health Services
"I've been informed by my Muslim friend, an Israeli citizen, that according to the Mashaaikh in Palestine (Israel), participating in Clalit Health…
Mufti Ebrahim Salejee - Mufti Online18 Jan 2024Roman Urdu
Credit card charges interest me shumaar hoga
Me Qatar me job pe hon. Me aik bank ka credit card use kar raha hon. Me interest lagne se pehle pehle saray dues de deta hon islye koi interest nahi…
Mufti Ebrahim Salejee - Azaadville16 Jan 2024
Using Interest Funds To Build Roads
Can interest funds be used to build roads in India?
- Ask Imaam14 Jan 2024
Is it permissible to use credit cards with an agreement of paying interest in case of default in payment?
I need to know about Credit card Usage. There is an agreement in case of late fees there will be an interest. So it is possible for us to avoid…
Abdul Hannan Nizami - Ibn Masood13 Jan 2024
Selling USD at a rate higher than the bank rate
Is hawala business is allowed, for example, if I sell dollars and add a 60 cent mark up on the rate, is this allowed ?
Mufti Mohammed Desai - Ibn Masood2 Jan 2024
Interest on loans
If a person is in debt and takes a loan from a family member, is the family member allowed to make a profit from this transaction? For example, the…
Mufti Mohammed Desai - Mufti Online1 Jan 2024
Poor person using interest money to pay off a loan
I have a credit card loan which I need to pay immediately. For several months I am trying to pay it but I failed. I don't have sufficient money to…
Mufti Zakaria Makada - Ibn Masood25 Dec 2023
True value of the USD in Malawi
In Malawi, there’s a “bank official rate” and there’s a “black-market rate”. So the dollar for example, on the black-market will be around…
Mufti Mohammed Desai - Mufti Online24 Dec 2023
Entering a competition run by an insurance company
1. Is it permissible to enter a competition run by an insurance company, without becoming involved in paying for any insurance, to enter is free of…
Mufti Ebrahim Salejee - Mufti Online24 Dec 2023
Assurance from a service company of replacement or compensation in the event of damage or destruction to a vehicle
Is it permissible to engage the services of an individual or a security company that extends a commitment to safeguard my vehicle, with assurances…
Mufti Zakaria Makada - Ibn Masood7 Dec 2023
Profits from FNB Islamic Banking
Is “Islamic Profit Share” from FNB halaal?
Maulana Abdul Kader Fazlani - Ibn Masood5 Dec 2023
Using a “savings pocket”
On the FNB Bank app, there is an option called “bank your change” (BYC). Will this be permitted in Shariah?
Mufti Mohammed Desai - Camperdown4 Dec 2023
Using interest money to pay for tolls
Is it permissible to use interest money to pay for tolls?
Suale Maguene Faine - Azaadville2 Dec 2023
E-Bucks
FNB has an ebucks rewards program whereby FNB customers gain ebucks through two means: Firstly FNB directly rewards customers depending on how many…
- Mufti Online29 Nov 2023
eBucks
Kindly please advise. My husband has a credit card which he uses to do transactions and alhamdulillah all these transactions are interest free. He…
Mufti Ebrahim Salejee - Azaadville29 Nov 2023
Removing Interest Money From Bank Accounts
The interest that accumulates in bank accounts must be removed. Can they be removed from cash at hand instead of withdrawn? To remove them every…
- Mufti Online18 Nov 2023
Mandatory travel insurance on Hajj and Umrah packages
Please can you advise on the verdict regarding travel insurance. We understand all forms of insurance are not permissible, however I did notice that…
Mufti Zakaria Makada - Mufti Online18 Nov 2023
Disposing of interest money accumulated in different bank accounts
A person has two saving accounts with different banks. One account accumulates interest, the other does not. Is it necessary to discharge this…
Mufti Zakaria Makada - Ask Imaam12 Nov 2023
Paying credit card fees with interest - Can i do this?
I have received some interest from my bank. I would like to know if it would be permissible for me to pay my annual credit card fees with the…
Hasan Ahmed Razzak
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.