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 7 of 44
- Mufti Online28 Jul 2022
Friend taking an interest-bearing loan from a bank on one's behalf
I want to take an interest loan from a bank through a friend since the bank would only be willing to lend it to my friend and not myself because of…
Mufti Zakaria Makada - Azaadville22 Jul 2022
Interest Earned During Transfer Of Ownership
Normally when a property is bought, and the buyer pays the money for the property upfront. But he has no access to the property until transfer is…
- Mufti Online18 Jul 2022
Receiving free travel insurance when paying for plane tickets with a credit card
If a person pays for airplane tickets with a credit card then certain banks offer free travel insurance due to the payment being made with their…
Mufti Ebrahim Salejee - Mufti Online18 Jul 2022
Courier company providing insurance for lost or damaged parcels as part of their service
A person shipped an item with a courier, only paying for the courier service without any additional insurance fees. The courier company does however…
Mufti Ebrahim Salejee - Ibn Masood12 Jul 2022
Applying for finance to settle outstanding overdraft
I have recently inherited a family business from my late father. Unfortunately, the business has a large overdraft with the bank which I have to now…
Mufti Mohammed Desai - Mufti Online22 Jun 2022
Making taubah for taking an interest loan
If a person, who in ignorance, took out an interest loan, thereafter realized his sin, made sincere taubah and made a promise to Allah never to take…
Mufti Zakaria Makada - Mufti Online22 Jun 2022
Opening an interest-bearing account for charity purposes
Is it permissible to open an interest-bearing bank account with the only intention of donating the accrued interest to a non-Muslim cat feeding…
Mufti Ebrahim Salejee - Mufti Online11 Jun 2022
Taking out mandatory covid insurance
If someone wants to visit their family and friends living in a country which requires the covid insurance (small amount like $40) which is mandatory…
Mufti Zakaria Makada - Mufti Online9 Jun 2022
Taking an interest bearing loan to save oneself from paying tax
A person deals mostly in cash and does not deposit in the bank in order to avoid showing too much income and paying exorbitant amounts of tax to the…
Mufti Ebrahim Salejee - Ibn Masood9 Jun 2022
Profits accrued from a bank loan
Yusuf purchases a building and thereafter, he sells it. He buys the building for R300 000. He gets R200 000 from the bank, which is basically…
Mufti Mohammed Desai - Azaadville6 Jun 2022
Using A Credit Card
Can I use a credit card?
- Azaadville27 May 2022
Using Interest Funds For Public Services
I am asking a question on behalf of a trust who runs masjid and madressas, schools and clinics. We had an executive committee meeting in which…
- Ibn Masood11 May 2022
Profit accrued from sale of a property purchased through an interest bearing loan
If someone buys a property or business on the basis of interest, will the increased value of the property/business also be Haraam? For example, a…
Mufti Mohammed Desai - Ibn Masood14 Apr 2022
Financing a house through the bank
Why aren’t we allowed to buy a house through a bank, the Shariah way? You tell them the house you want, and they will tell you what the repayment…
Mufti Mohammed Desai - Ibn Masood30 Mar 2022
Financing through FNB Islamic home loan
Is it permissible to take a home loan from FNB Islamic home loan?
Mufti Mohammed Desai - Mufti Online12 Mar 2022
Accountant taking out a portion of his wealth and giving it to the poor for recording interest transactions
If I work in an accounting environment where interest and insurance etc. will be recorded and calculated, will the tax I pay on my salary be enough…
Mufti Zakaria Makada - Azaadville12 Mar 2022
Interest Funds To Pay Labourers
Can one use interest money to pay one’s domestics or labourers and through what avenues can one get rid of it?
- Ibn Masood3 Mar 2022
Medifin finance
Can I, as a medical practitioner, advise my patients to acquire finance from Medifin for medical treatment?
Mufti Mohammed Desai - Ibn Masood1 Mar 2022
Using interest funds to purchase equipment for a Masjid
Can interest funds be used to purchase Quraan stands and fans for a Masjid?
Mufti Mohammed Desai - Mufti Online20 Feb 2022
Bank charging a processing fee when giving a loan
I want to buy a computer for 8000 aed by credit card. My bank is offering 0 percent interest installments for that. But they are charging me a one…
Mufti Ebrahim Salejee - Ibn Masood16 Feb 2022
Forex Wallet
What is the Shari’ee status of purchasing currency on a forex Wallet app?
Mufti Mohammed Desai - Ask Imaam14 Feb 2022
Is it permissible to redeem the cashback and use the benefits from a credit card?
Is it permissible to redeem the cashback and use the benefits from a credit card?
Shakib Alam - Mufti Online13 Feb 2022
Paying a monthly levy that includes insurance
Over the past years, I have saved sufficient money that would allow me to purchase a small apartment. Whilst negotiating I noticed that the monthly…
Mufti Ebrahim Salejee - Mufti Online5 Feb 2022
Car dealership helping the customer acquire a credit facility with interest
Is it permissible to own a car dealership whereby you sell cars to customers borrowing money from the bank and are paying interest? From my…
Mufti Ebrahim Salejee - Mufti Online3 Feb 2022
Faking an accident and claiming from the insurance company
A while back a friend invested in a car but got financially stuck and became maqrooz of many people. Another friend of his suggested to insure the…
Mufti Ebrahim Salejee - Ibn Masood30 Jan 2022
FNB’s diminishing partnership
What is your view in regards to FNB’s diminishing partnership? I intend purchasing a house and therefore require clarity on the matter.
Mufti Mohammed Desai - Ibn Masood30 Jan 2022
Using interest funds to pay school fees
Can Mufti Saheb please explain the process of paying school fees with interest money for the child of a Zakaatable Parent. Can the interest money be…
Mufti Mohammed Desai - Azaadville26 Jan 2022
Disposing Of Interest Funds In A Bank Account With Cash On Hand
If a person has for example R60000 in a bank account due to which he earns interest of R8000 over a period of 2 years, can he take the same amount…
- Ibn Masood16 Jan 2022
Gifting the creditor
Is it permissible to use someone’s money in our our business (which he has loaned to us) and then give him an unspecified monthly gift?
Mufti Mohammed Desai - Mufti Online15 Jan 2022
What to do with a life insurance policy payout?
My brother in law had a life insurance policy and has now passed away. The life insurance company has paid out the money. The heirs do not want it.…
Mufti Zakaria Makada - Mufti Online9 Jan 2022
Status of money earned by the kuffaar from riba
What is the status of the kuffaar and the money they earn from riba? Is it halaal for them? Can we accept money for goods sold from this?
Mufti Zakaria Makada - Ibn Masood5 Jan 2022
Working in Islamic banks
What is the ruling in regards to working in an Islamic bank?
Mufti Mohammed Desai - Ibn Masood2 Jan 2022
Staking crypto currency
I write to you seeking assistance with the following: Is it permissible to stake crypto currency on the Cosmos platform?
Mufti Mohammed Desai - Ibn Masood2 Jan 2022
Using interest funds for public works
Can interest funds be utilized to clean a vacant plot and erect a fence for the benefit of all the residents of our area?
Mufti Mohammed Desai - Ibn Masood31 Dec 2021
Buying food hampers for the poor with interest funds
Is it permissible to purchase food hampers with interest money and distribute it amongst the poor?
Mufti Mohammed Desai - Ibn Masood31 Dec 2021
Servicing a banking institute
What is the status of the income received from a banking institute in lieu of the services provided to them such as servicing their computers?
Mufti Mohammed Desai - Mufti Online29 Dec 2021
Being a witness to signing for a home loan bond
I was traveling with a co-worker who stopped at the attorney offices and asked me to come inside with her. When I went inside I was asked to be a…
Mufti Ebrahim Salejee - Mufti Online10 Dec 2021Roman Urdu
Bank card se discount lena
Online shopping karte huwe bank card se discount lena jaiz hai ke nahi?
Mufti Zakaria Makada - Ask Imaam8 Dec 2021
Working as a credit analyst at a Bank - Is my income Halaal?
Assalamualaikum warahmatullahi wabarakatuhu. Sir, I'm working at indusind bank, in India. I am working as a credit analyst. The duties that I…
Mahmood Suliman - Ibn Masood6 Dec 2021
Paying rates and taxes with interest funds
Can interest funds be utilized to pay one’s rates and taxes, as these taxes may be categorized as oppression.
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.