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View By Subject 431 fatwas
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Islamic finance companies asking for securities from their clients
Can an Islamic Investment (Finance) Company ask for securities from its clients in order to give facilities? .. More
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His wife insists on depositing her money in a usurious bank
a husband asks his wife to deposit her money in an islamic bank, but she refuses, to what extent is he involved in this sin? what does he do?.. More
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His non-Muslim mother opened a Riba-based bank account in his name
salaam aleykum,
When I was born my mother (non-muslim)opened a bankaccount on my name. Recently I got married and she said I can now receive the money from this account. But what do I have to do with the interest? She opened the account so I think the sin is hers, but I'm confused about it because she opened the account on my own name... More
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A society giving loans on a fixed profit basis
Assalamu Aleikum, Dear shaik please give me a detailed reply to the following question. We have a society they give loan to businessman on condition that at the end of three months they must give 1/3 of the profit and the loan.To grant the loan the socity demand gurantee of four members of that same society. In case the buseness incured a loss the gurenter.. More
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Has to pay back his loan in addition to half of the crop of his land
I HAVE SOME LAND. I BORROWED SOME MONEY FROM ONE PEOPLE. I GIVE THE LAND AS SECURITY. I HAVE TO PAY THE MONEY AND 50% OF THE CROPS OF THE LAND THAT I GROW CROPS. ANY PROBLEM REGARDING INTEREST? THNAKS.. More
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Riba is the reason for every calamity
Asalaamu'Alaykum,
I have read your Fatwa no. 85223. Can you please clarify further:
I bought a house through mortgage and as you know, the house does not belong to me until the mortgage has been paid in full. In fact the house legally belongs to bank because it can be repossessed by the Bank if anyone defaults on mortgage although it may be in my.. More
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Taking an interest-based loan to buy a bigger house
Respected Brother, my question though seem to be common but I want to get the true verdict in this regards. I am having a house which is just a single room at Mumbai, India. This single room has self contained kitchen and a bathroom. In big cities like mumbai, people get contented with such small house. I am working in qatar. back home my mother.. More
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Dealing with Riba is forbidden for Muslims and non-Muslims
salamou3alaikoum, im married to christian women, and she want to bay a hous throught a bank lone, i told her that i cant do that since im a muslim. but she suggest that she will bay the hous with alone from the bank , and she will sel me the half of it without any rent, that meens that , we make a contract betwin me and her that says exactely how much.. More
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Bought prize-bonds to settle his usurious loan
Dear Moulana Sahab,i have taken Credit Cards & Car loan from Non Islamic Banks which i regret on daily basis & i pray to ALLAH to release me from this HARAAM means. Moreover, i have purchased Bonds from Ahli Bank with intention that if i won any price money from them i will settle my outstanding Loan amount and rest of the money will be given.. More
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Wants to get rid of his Riba-based home loan
Asallamolikum! Two years ago i took bank loan on my house without much realising and felling the prey for shaitan in form of interest etc. Now when I finally sold my house on much loss to avoid interest, I still have a specific sum to pay to the bank which is very very hard to pay back since i lost my job and looking for new one which is equally.. More
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Building a house financed by a Riba based loan
as salaam alikum WA rah math Ulla e WA barakathu, Dearest Shaikh, i am in a dilemma whether to accept a project/contract to build a house for my sister ... the point is my brother-in -law will be using the money partially (more than 50 %) from the banks ... is this permitted for me to work for him ...another thing is i need this job as i am out of work.. More
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Wants to join a course based on a usurious loan
Assalamu alaikum, a friend of mine is taking an ECE course(early childhood education) and its a base on loan and she'll pay before the date that it will start the interest,free of interest with in certain amount of time and then few months of the course she'll need to take the practicum in which all kind of non muslim holidays like eastern, christmass.. More
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The government gave him usurious bank deposit as compensation
i met road accident before ten years and i claimed on govt. i won the case and now gov. has puted Rs.90,000 as fixed diposit in one bank for which i am getting interest of Rs. 1700/- every quarterly and principle amount of Rs. 90,000 will be received after next seven years. Where can I utilize the principle amount as well as the interest amount received.. More
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Needs a bank loan to improve his financial position
assalamualaikum, thank you for giving us the chance to ask about fatwa. kindly pay attention to the fact that my inquiry is a bit complicated and needs to be examined in depth as it involves a dicision affecting both principles and career. -i live and work in cyprus since 1985. -i intend to develop a piece of land that i have. -i am a building contractor.. More
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Took a usurious loan to buy land thinking it was a necessity
Assalamu Alaikum Wa rahmathullah...... I have bought a land adjacent to my home in order to open a way to the public road and for other uses from one of my neighbours with a coast of RS 200,000 bank loan and i paid back the money to the bank RS 250,000 eg SR 50,000 interest. I was aware about the interest and i did it in a compulsory situation eg: 1... More
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