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439 fatwas

  • Selling a house bought with interest in Australia

    I live in Australia. I took out a home loan through a bank which deals with interest. I can rent, but the loan repayments make it easier for me to buy then rent, as the rent is almost double the repayments. If I do sell my home to get rid of the interest and rent I will get extra money from when I bought my house due to increase in the value of the.. More

    86202 11-9-2003

  • Repaying bank's loans

    I live in the UK since 1997, since that time I have studying two years for language and three for my PhD. My banks offered me two loans and some credit cards (borrowing money with interest), and I took the money and I spent it on my tuition fees and living for the last three years. Now I cannot pay, as I could not find a job after I finished my degree... More

    86136 1-9-2003

  • Taking a bank loan to help an unemployed friend with a family

    I have taken a loan from bank for my very good married friend who was in a very desperate situation. He has no job and has a wife and two children. He agrees with me that after finding a job to pay me the loan on installments. Now I have to make payments on this loan. Am I guilty of wrong if my intention is purely to help him? .. More

    86129 1-9-2003

  • Islamic banks with interests

    I want to open account in Islamic bank, with an interest, is it contradicting with the Islam (profit sharing is lawful interest is not) rules?.. More

    86125 1-9-2003

  • Hospital funded by interest-bearing loan

    Six directors including my father and uncle are running a multi-specialty hospital. It has all modern facilities. Its finance is from bank loan paid back in interest every month. The hospital is one of the best in Kerala, South India. Hundreds of staff are working here with very good salary. Huge amounts are given in charity. Poor patients are given.. More

    86051 13-7-2003

  • Bank deposits and credit cards

    I am a young man and just started to work in an organization. Can I put my money in the bank and use a credit card? .. More

    86014 5-7-2003

  • Borrowing and Riba

    1) Is there any Riba between Muslim and non-Muslim in land of war as some scholars saying there is no Riba between Muslim and non-Muslim in land of war according to Hadith? 2) Does Australia fall under the criteria of Darul Harb (land of war)? 3) If it does, is that permissible for a Muslim to borrow money from interest based conventional bank to buy.. More

    86001 2-7-2003

  • Some of her mother's bank earnings paid for her education

    I would like to ask you about two things: 1) My mother was working in a bank now she is retired and a part of her work was Halal can she eat from this part? 2) My mother was helping my father for my education, so is my diploma Halal or Haram? I feel that I don't have the right to work with it. So what must I do? Can I give the money that equals what.. More

    85966 23-6-2003

  • Purchasing a flat for family use through a bank

    I want to buy a flat for family use, not for commercial purposes, and need to go through bank. Some Muftis may say this purchase is out of necessity, while other would say the transaction is pure Riba. Would you please clarify this subject? .. More

    85931 16-6-2003

  • Dealing with Prime Bank

    Is it ok to participate in what is called Prime Bank (www.primebankltd.com)? .. More

    85905 9-6-2003

  • Wants to sell mortgaged house over father's objections

    I live in USA and I borrowed an amount of money from a bank to buy a house for my family. I'm repaying this loan by monthly installments with its interest. I have been doing so for more than 2 years. But I realized that this is forbidden in Islam and I decided to sell the house even with the same amount of money that I owe to the bank. But my father.. More

    85856 19-5-2003

  • Questionable financial practices in UN

    I work one of the United Nations Organizations in Somalia. I would like to ask you the following very important questions:I work as an accountant and I do all financial related tasks. Our headquarters is in Nairobi Kenya. This organization has a number of sub-offices in Somalia and implements number of projects in this country. When this UN organization.. More

    85763 21-4-2003

  • Pay later but with increased payments

    I live in the USA. I want to go to a school to get a training to drive big trucks, so I can work as driver. All schools require the full payment for this training at the beginning, but if you can't pay the full price you can pay after you finish training but with a certain interest added to the payment. Is the interest added count as Riba? .. More

    85761 21-4-2003

  • Needs money to open dentistry practice

    I am a student in dentistry in Tunisia. I finished my studies and I need a lot of money now to open my own surgery. I was thinking of a bank loan, but I'm afraid it might be Riba and so it is Haram. I don't know what to do, I asked some people but they all gave me uncertain answers. I hope to find the right answer here. .. More

    85742 13-4-2003

  • Islamic banks charging low interest rates to Muslims

    Can Islamic banks charge low interest rates on loan to fellow Muslims? .. More

    85534 2-2-2003

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