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 5 of 44
- Azaadville12 Nov 2023
U-Count Rewards
Are U-Count rewards permissible?
- Mufti Online11 Nov 2023
Using interest money to offset lawyer's fees
We purchased a property in a syndicate and the money held by the lawyers as a guarantee was invested in a money market account and accrued interest.…
Mufti Zakaria Makada - Mufti Online7 Nov 2023
Paying for TV license with interest money and giving interest money in charity
Can interest money be used to pay TV license? I have a TV that we do not use anymore, however since it is a process to sell a TV screen, I still…
Mufti Ebrahim Salejee - Ibn Masood6 Nov 2023
Using Riba to offset lawyer’s fees
We purchased a property in a syndicate with a few partners, and the money held by the lawyers as a guarantee, was invested in a money market account…
Maulana Abdul Kader Fazlani - Ibn Masood5 Nov 2023
Debtor paying more than the loan
I had a client who had owed me a certain amount of money and paid me after a long time. Due to the delay, she decided to give me a certain amount…
Mufti Mohammed Desai - Ibn Masood5 Nov 2023
Impermissibility of financing a car through the bank
What is the ruling regarding buying a car through finance if you don’t have cash up front to pay for it? The car would be a great necessity for…
Maulana Abdul Kader Fazlani - Mufti Online28 Oct 2023
Using a FNB global card to gain access to airport lounges
Using the FNB global account/card, is it permissible to use the airport lounge benefit? No charge per month. No minimum balance required.
Mufti Ebrahim Salejee - Mufti Online26 Oct 2023
Profits from an FNB Islamic Savings Account
What is the Shariah status of the Islamic Savings Account that one can open at FNB? One does not receive any interest but a portion of the profit is…
Mufti Ebrahim Salejee - Azaadville23 Oct 2023
Giving Interest Funds To An Indebted Person
I have some interest money. Can I give it to my brother to settle a long outstanding debt? He is unable to settle the debt for a long time.
- Azaadville20 Oct 2023
To Whom Interest Funds May Be Given
I would like to enquire who I can give interest money away to. I have accumulated interest money from investments in shares. Please advise if it can…
- Ibn Masood5 Oct 2023
FNB investments
Please advise if the Islamic products such as “savings pocket” and “fixed deposit” offered by various banks, are permissible? One specific product…
Mufti Mohammed Desai - Ask Imaam2 Oct 2023
Gifts from the banks
My question is regarding redeeming cash back and benifits from a credit card? It is mentioned in your website that it is allowed to do so and it is…
Abu ‘Umar Muhammad bin Zayn Patel - Ibn Masood30 Sep 2023
Using interest funds to settle debt
If a person is in debt, can another person help to pay those debts with interest money (and without an intention of attaining reward)?
Maulana Ahmed Saeed - Azaadville30 Sep 2023
Accepting Credit Card Payments
I would like to know the ruling regarding credit cards. We have a business and most people nowadays prefer paying by card. We do not have this…
- Mufti Online19 Sep 2023
Applying for an interest bearing home loan
I want to buy a home at my native place but I haven't enough money to buy it, so can I apply for the home loan. I already tried to halal sources to…
Mufti Zakaria Makada - Mufti Online16 Sep 2023
Delaying in paying off a loan until it accrued interest
I took out student loans to pay for my college education, but I paid all of them off 1 day after the interest started accumulating. I could’ve paid…
Mufti Zakaria Makada - Ibn Masood10 Sep 2023
Receiving a cash gift from the bank
A bank that we have an account with recently held a promotion (link to which is posted below). We were unaware of such a promotion, but fulfilled…
Maulana Abdul Kader Fazlani - Ibn Masood5 Sep 2023
Purchasing bank repo vehicles
When a person fails to pay back the loan from a bank, the bank reclaims his assets, for example, a car, and puts it on sale, is it permissible for a…
Mufti Abdur Rahman Abdur Razak - Mufti Online26 Aug 2023
Using the profits from an FNB Islamic savings account
I am using FNB Islamic Banking and got a savings account where I got some money in that account.At the end of every month FNB gives some amount as…
Mufti Zakaria Makada - Ibn Masood26 Aug 2023
Finding funds in one’s bank account
Money was mistakenly deposited into my bank account. Three months have passed without anyone coming forward to claim the deposit, while I have also…
Mufti Mohammed Desai - Camperdown24 Aug 2023
Can one exchange an old phone with a new phone?
Is it permissible to exchange an old model phone plus and additional sum of money in exchange of a new model phone?? Will this deal constitute…
Uthman ad-Dagestani - Ibn Masood13 Aug 2023
Earning commission on transactions concluded on a credit card
1. We are selling a device called “Shop2Shop”. It is a unit similar to a credit card machine where customers use it in their stores to swipe credit…
Maulana Abdul Kader Fazlani - Ibn Masood9 Aug 2023
Unknowingly using interest funds in one’s account
A person unkowingly earned interest on a debt account. What should he do for all the interest that he earned over many years, as he has no record of…
Mufti Mohammed Desai - Ibn Masood1 Aug 2023
Credit card charges
Bank charges are incurred when a person makes payments online. Is it permissible to use this form of transaction, even if the bank charges are paid…
Mufti Mohammed Desai - Mufti Online29 Jul 2023
Assisting someone who seeks help to settle his loan with the bank with interest money
Kindly advise if it is permissable to give money which was earned through interest to another person who seeks help to settle his loan with the bank?
Mufti Zakaria Makada - MJC29 Jul 2023
Using interest for traffic fines
The opinion that permits the payment of traffic fine with interest is based upon the contention that the levying of traffic fines is an injustice.…
Mufti Taha Karaan - Ask Imaam21 Jul 2023
Working as a Data Analyst for a Banking Company
Dear sir, Assalaam o Alaikum! I am working in an IT company as a Data scientist which own product of personal finance management. The company sell…
Ebrahim Ibn Ahmed Dadan - Mufti Online18 Jul 2023
Accepting an invitation from a person who works in a bank
My cousin use to work in a bank. His job is in CAD department that verify's that if the customer applying for the loan could pay back to the bank.…
Mufti Zakaria Makada - Ibn Masood12 Jul 2023
Finance-related matters
1. Are fixed deposits Jaaiz? 2. What is the ruling with regards to investing in a business? 3. What is the ruling regarding investing in…
Mufti Mohammed Desai - Mufti Online27 Jun 2023
Receiving interest on shares of a company one inherited
We, in our family inherited shares in a private company. The company apparently pays interest to shareholders on their loan accounts. But is such…
Mufti Zakaria Makada - Mufti Online17 Jun 2023
Claiming more for repairs from an insurance company
If someone knocks your car and the it will cost you R15 000 to repair but you claim R30 000 from that person's insurance company but because of time…
Mufti Zakaria Makada - Camperdown17 Jun 2023
Can I use interest money to pay bank charges/fees?
Salams I would like to know if you are allowed to pay bank charges/fees with interest money Thanks
Adil Sadique - Azaadville6 Jun 2023
Employment At A Bank
I currently working for an Accounting firm who are an auditing and accounting firm. We do work for a range of different clients in all sectors of…
- Mufti Online4 Jun 2023
Permissible method of purchasing a car from the bank
If one buys a car using the following method will it be permissible: ABC person tells the bank to purchase the car from a dealer. A purchase & sale…
Mufti Zakaria Makada - Mufti Online4 Jun 2023
Saving money in a post office
Can we save money in post office?
Mufti Ebrahim Salejee - Azaadville29 May 2023
Charging A Credit Card Transaction Fee
Will it be permissible to charge a customer a 1.5% extra charge on credit card transactions fee on an invoice where the final price of the invoice…
- Mufti Online25 May 2023
Using interest money to fix potholes and to pay off interest of a bond
I wanted to find out about the following to questions regarding interest. 1. Is it permissible to hire out people with interest money to repair…
Mufti Zakaria Makada - Ibn Masood24 May 2023
Repairing roads with interest funds
Would it be possible to maintain public roads with interest funds, bearing in mind that the public will be using it thereafter?
Mufti Mohammed Desai - Ibn Masood17 May 2023
Referring clients to car dealers that finance their vehicles through the banks
1. Is it permissible to refer potential clients to a car dealership/car trader who will then sell cars on finance to them, through the bank? The…
Mufti Mohammed Desai - Ibn Masood10 May 2023
Purchasing bank-repossessed vehicles
Is it permissible to buy a bank-repossessed vehicle? I know that some Mufti’s have indicated that it is better not to, as these vehicles are the…
Mufti Mohammed 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.