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433 fatwas

  • Working in a bank with an Islamic division

    I have recently completed my MBA and am applying for jobs. I have an offer from a local bank which also has an Islamic Division. Is it lawful to join a bank or any Islamic bank? I am confused and would appreciate an urgent reply, since I have to submit my Willingness/Unwillingness in few days time. .. More

    90363 11-8-2005

  • Needs to deal with international bank

    I am an employer in a Dubai based company. But I will have to work in an African country. I want to start an account in international bank which deals with interest. I do have an account in an Islamic Bank. But the service of this bank is not available internationally. If I draw money from another country, they charge considerable money. Is it.. More

    90362 11-8-2005

  • Defining usury

    I heard in a lecture a trustworthy Shaykh saying that any money received for nothing in return is usury (Ribaa). Is this true? If that is the case, what is the ruling of retirement and social security or what some companies give to their employees so they quit their jobs? .. More

    90254 30-6-2005

  • Permissibility of retirement funds

    My husband was working in a bank that allows (Ribaa), now he is unemployed, could you tell me if the money that he receives and spends from (Ribaa) as a retired person is Halaal? .. More

    90076 1-6-2005

  • Questionable bank account in Egypt

    I live in Britain and I have put my money in a bank in Egypt (National Bank of Egypt) because I am planning to live there soon. This bank gives me an increase of money depending on how much they make every year. They don't give me a solid percentage for e.g. this year I could get 10% and next year I could get 4% (this depends on how successful.. More

    90054 26-5-2005

  • Dealing with a non-Islamic bank

    I have one quick question, please enlighten me in the light of Quran and Hadeeth about it. I have a current account ina commercialbank. This back recently introduced a new scheme where in any account holder in the bank is eligible. And according to this policy or scheme, which is called the TAKAFUL Family Scheme wherein the account holder.. More

    89912 5-5-2005

  • Working in an un-Islamic bank as a way to open an Islamic bank

    I'm a student in University. I want to specialize in financial banking but unfortunately there is no Islamic bank in my country. I need to establish the Islaamic bank so to help my fellow Muslims. Is it permissible for to work in interest base bank if it is so in what way I can win my goal? .. More

    89765 14-4-2005

  • Borrowing and repaying debts

    I read from your site that all currency like dollar have the same Hukum to gold and silver, and I know that is not allowed to take a gold in order to give the same weight of the gold later on. My question is: Is it allowed to borrow 100 dollar or pound in order to give after one month the same price. .. More

    89749 14-4-2005

  • Father deeply in debt using credit cards to buy his mother a house

    My father borrowed money from various credit cards, because he had to purchase a house for his mother in Pakistan, since she is alone there with her disabled daughter. Now he has so much to pay back with the finance charges. My father asked a lot of his friends for some amount of money until he could pay the debt back, but every one refused. I.. More

    89733 13-4-2005

  • Having an ATM card in a non-Islamic bank

    What is the ruling in getting an ATM card in a non-Muslim bank ? .. More

    89479 10-4-2005

  • Profit from sale of property purchased with interest-bearing loan

    In the UK, they have a system, whereby people who do not have a big income can purchase a portion of the house (normally 50%). The other portion of the house is then rented to the buyer at a discounted market rate. The Government subsidies the rent. The other portion of the house will still belong to the owner of the building. (This.. More

    89710 10-4-2005

  • Bought a car on credit before becoming a Muslim

    I have just become Muslim 11months ago Al-Humdulillaah, but before that I took a loan from a bank and bought a car. I am finding it difficult to pay the repayments to the bank £8000 and do not know what to do. I have been advised to sell the car to pay back the loan but I won't get more than £3000 for it. I use the car for work and taking my.. More

    89652 28-3-2005

  • The profit from the sale of a house purchased by a mortgage

    Please answer my question as it worries me quite a lot and we haven't been able to find an answer in the books we read. About four years ago we bought a house on mortgage. At that time we did not know that mortgage was Haraam. Later on when we found out we sold the house and bought another house from the profit we made by selling the house... More

    89573 16-3-2005

  • Buying a house on an Islamic mortgage

    Can I buy a house by using Islamic mortgage, which are available British based Islamic banks? .. More

    89489 2-3-2005

  • Prizes given away from visiting a website

    At times when I visit some websites they declare that I have won a prize for being the 100,000 or 1,000,000 guest on that site, and they offer a holiday cruise in Florida with cash prize of about 2,000 dollars, is it permissible to accept this travel offer, or the cash offer, or both... More

    89438 22-2-2005

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