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View By Subject 431 fatwas
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Dealing with Islamic banks
Are deposit in Islamic banks accepted or prohibited in Islam?.. More
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Islamic banking in practice
DoIslamic banks really abide by Islam, or is 'Islamic banking' just ascheme to circumvent the Shariah? Is it Halal to work for such banks?.. More
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A financial policy
My friend recommend to me a financial policy. It works like this. For 2 years every month I pay $70. The amount will be for two years $1680. After 2 years onwards every year I will receive $1000 for another 25 years, at the same time I will be paying $70 monthly. At the end of 25 years if death occurs my family will get $10,000. Is this policy.. More
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Investment scheme called 'Kisan Vikas Patra'
In India there is an investment scheme from the government called 'Kisan Vikas Patra' which means 'Farmer's Development Scheme'. In this government scheme the citizens can invest money for a fixed period and this money is used for the development of the farmers by the government. In return the depositor's money is doubled in seven years. Is.. More
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Taking a Riba loan or taking military contract to pay medical school costs
I am a student in United Stated and am about to start medical school next semester, Insha Allah. I applied to many schools and was accepted by a private medical college. The medical school costs around $40,000 a year. My family and I cannot afford to pay this large sum every year for four years. To pay my tuition I have two options:
1) Take.. More
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Repaying the value of a debt
My contention is not with what is written.
If I borrow a tangible item from someone such as a quantity of food, or an article of clothing that I wear out then I must pay back what is borrowed.
Money is an abstract representation of such articles representing an amount of goods for the convenience of trade as a replacement to a barter system... More
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Putting money in Faisal Islamic Bank of Egypt
Is it Halal to put my money in Faisal Egyptian Islamic Bank? .. More
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Bank certificates used for drawings
Here in Qatar Mashriq Bank (the headquarter is in U.A.E) issues certificates each worth 1000Qatari Riyals and at the time of purchasing of these certificates they charge 25QR as their application processing charge irrespective of the number of the certificates purchased (i.e. forone orone thousand certificatesthe cost is 25 QR only). Monthly.. More
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He believes that interest is lawful
I am writing regarding bank interests in regular banks. I have read a lot regarding various fatawa issued by credible scholars in the Islamic world. Some of them allow these interest (halal) and some other prohibit (haram) such dealing. I am bouncing between the two. I am personally convinced that it is not haram. My conviction become stronger when.. More
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Dealing in interest (Riba) in enemy lands
What is the consensus of the four schools of thought about dealing in interest (Riba) in enemy lands (Dar al-Harb)?.. More
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Why is Riba Haram?
Why is Riba Haram? .. More
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Why Riba is forbidden
I want to know why "Riba" taking interest from bank is Haram. Please tell me the process of this; I need to know why... More
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Buying a car through "trade in" transaction
I would like to know if the so-called "trade in" transaction is Halal? I have an old car, and would like to by a new one.Can I go to a car dealerwhere he will evaluate the price of my old car and deduct it from the price of the car he is selling me? I was told it is Haram to do that? Please advice me regarding this matter,citing from Sunnah.. More
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Dealing in money schemes
There is this scheme here in UK known as circle of success. It does not involve any official body controlling it. But it's among people. Everyone who joins in has to pay 3000 pounds and has to bring 2 other people who pay 3000 pounds and each of these 2 people bring 2 more people with them who pay another 3000 each. As this thing goes on and.. More
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Concerned about student debt and other Islamic obligations
While I was a student in the US, I had to borrow some money from the American government. The government was paying the interest while I was studying. For some personal reasons I had t move out from theUS and to my home country, which is poor. Which of these do I have to take care first: debt, marriage or Hajj? Know that my debt is substantial.. More
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