Search In Fatwa

439 fatwas

  • An Islamic bank offering a fixed profit rate

    As salamu alaikum, My question is regarding one leading shariah compliant bank in qatar offering almost fixed profit rate of three percent (3%) on a high profit savings account. Upon enquiring with their sales/service person they informed me that they try to maintain the profit rate at three percent so as to benefit the customer, even if the whole profit.. More

  • Taking a Riba-based student loan does not affect consequent job

    As salamu alaikum, i hv taken a loan for my graduation, will my job based on graduation be haraam & i work in a US based research company which deals in debt and my job profile also include finding terms and conditions of debt/ bonds, is anyone of the above cases is haraam??? .. More

  • Impermissible to help a non-Muslim deal in Riba

    Salam Alaykum shaykh. I have a friend ho have accepted islam not long ago. He asks if it is allowed for him that his father who is not a muslim, buys a house With a loan based on ribaa. And then my friend will buy the house from his father by monthly installement,wihtout ribaa? .. More

  • Riba is prohibited in all its forms whatever its benefits may be

    As-Salaamualaikum Sheikh / Scholars, All perfect praise be to Allaah, The Lord of the Worlds. I testify that there is none worthy of worship except Allaah, and that Muhammad, sallallaahu ‘alayhi wa sallam, is His slave and Messenger. What’s the ruling on the below two different person (A & B). If they both are from Lower middle class family.. More

  • He regrets using uncovered credit card

    Assalamoualaikoum, I had to rent a shop to sell some items. i needed to pay 2 months advance to the owner to cover the eventuality i close the shop and go away without notice. plus 1 month advance for the current month. I ran short of money because of delay in receiving money from contracts and in order to get the shop, i resorted to my credit card.. More

  • Bank loan is impermissible except in case of extreme necessity

    Is it permissible to take bank loan to undergo medical treatment which is extremely necessary because i am facing immence hardship, pain and depression affecting my normal life. This ll also be a problem for me to get married as well. Please guide... More

  • Depositing a rent guarantee in a Riba-based account

    BISMILLAH Assalamu 'alaikum Before I became a muslim I rented a flat in which I live until now. The condition from the renter was to take from me a guarantee-deposit. This guarantee-deposit is stored in a riba-based account in the bank until I move out from my flat someday. Now as a muslim I asked the renter to stop the account and to store the.. More

  • Disposing of Riba incurred from a mandatory provident fund

    company's (where i am working) mandatory policy is to cut the 10% of the basic of the employees salary. After at least 25 years of service they return it to the employee with some benefit. Benefit comes to investing in fixed deposits in conventional banks. Is it halal for the employee to take the extra benefit of the Provident fund as the company.. More

  • Exchanging diamond and gold jewelry

    Assalam o Alaykum, I have a question regarding the exchange of diamond jewelry. I bought diamond jewelry 1 week ago and the stire has a policy that I can exchange it for another diamond jewelry of equal value within 2 weeks. My question is, since the diamond jewelry is on gold and I intend to exchange it with something that has more gold and less.. More

  • In principle, you are not permitted to take a Riba-based loan

    Assalamu Alaykum great scholars. I live in Norway where students at College/University can get student loans. The loan is interest free in the study period, and actually turns into a scholarship/stipend (free money) at the end of the semester if all the exams get passed. If we fail the exams it is still an interest free loan that can be turned.. More

  • Ruling on financial certificates and how to get rid of interest

    AsSalamOAlaikum-Warehmatullahi-Wabarakatuhu, My father was a very successful businessman in his times but wasn't religious at all. He bought some National Saving Certificates from "National Saving Centre" which is one popular government institution in Pakistan. He bought following certificates: (i) Behbood Saving Certificates (BSC) (ii) Regular Income.. More

  • Selling gold for gold and silver for silver

    I would like to know the meaning of the Hadeeth in which the Prophet, sallallaahu ‘alayhi wa sallam (may Allaah exalt his mention), forbade: 1- Selling silver for silver except like for like, without any difference in quantities, 2- Selling gold or silver that is not present at the moment of exchange, for gold or silver that is present. [Al-Bukhaari.. More

  • Ruling on trading with gold

    is it haram to purchase gold and sale when the price increases?.. More

  • A person took a credit and promised to give it back with profit, but he cheated me

    i lended all of my savings to my muslim friend for his business and he promised to return it with profits. He run away and disappeared with all the money and i realized he cheated me. Since i gave him money with the intention of sharing profits, is there anything wrong with my lending? i already have bank loan for my house but i paid him instead of.. More

  • Cheque cashing from a non-Islamic bank

    Assalamu alaikom, I would like to know what is the ruling on cheque cashing from a non-Islamic bank if no Islamic banks are available.There are ,however,small businesses that provide this service as well for a fee.What is the better alternative islamically? I would also like to know whether it's true that a cheque should only be cashed from the same.. More