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431 fatwas

  • Taking Bank Loan to Buy Household Items to Marry

    This is urgent. I am getting married in 5 weeks, Insha Allah. I have to buy essential furniture, e.g. bedroom set, sofa, etc. The problem is that I do not have enough cash to buy it and do not have a credit card. The only way I can buy this furniture is through getting a personal loan from my bank which charges interest. I know deep in my heart and.. More

    84430 7-7-2002

  • Bank Account and Spending Mixed with Interest

    I have an amount of money in a western bank. Usually, I cut my 2.5 percentage Zakaat from the total amount. I have been doing so for a long time before I knew now that the interest is forbidden. Please explain my situation. Furthermore, I spent some money mixed with interest on my family, bought a house, and went to ‘Umrah before I knew that interest.. More

    84356 22-6-2002

  • Living on interest from bank deposits

    I've read about considering banks interest as Reba. And I'm asking you to give me clear vision on this issue that would help me to make the right decision, Insha Allâh. Banks in Egypt claims to give varying interest which is around 9.5percentage: 10.5percentage these days. I'm not sure if the bank invests all its money in loans with fixed interest.. More

    84188 18-5-2002

  • Bank Loans

    Are banks loans really prohibited by the Quran? .. More

    84127 8-5-2002

  • Bank prizes

    Mashreq bank (www.mashreqbank.com) has a interest free saving scheme called Mashreq Millionaire. Under this scheme one does not get interest but is eligible for a prize. You can get details from their web site. Should one hold these certificates and if yes are any winnings from this Halal?.. More

    84114 6-5-2002

  • Location of Islamic banks in the US

    Could you tell please if there are banks in the United States (New Jersey state) that give loans without interest (i.e., agree with Islam) to buy a house?.. More

    84108 5-5-2002

  • Bank Profit or Riba

    I have deposited some money in one of Syria's banks and as I heard that the bank is lending money to people as a business wise. The bank is paying its customers some profit by using the customers' money. I asked some people; who told me that the profit is (Haram) because it is (Riba). Please give me the right answer because I do not want any (Riba).. More

    84095 4-5-2002

  • Buying Houses in UK with Mortgage

    A lot of my friends bought houses with mortgage in UK, and they said it is Halal. Is that correct? .. More

    84041 23-4-2002

  • Bank accounts with interest

    What is the Shari'a rule about using bank accounts with interest for a Muslim living in the West? Can I take the interest and give it to Islamic causes or should I leave it in the bank?.. More

    84007 20-4-2002

  • Education financed from sale of house bought on interest

    I am a student doing masters in a university in USA. I am from a Muslim country in Asia. Its my second semester here. In first semester of studies I got financial support from my parents. Now I am supporting my finances on my own. In my first semester my parents paid for my expenses from the money they got from selling a house which they had built taking.. More

    83957 9-4-2002

  • Islamic banking

    My question is regarding the Islamic bank. How do the employees in an Islamic bank get their monthly salary and from where? How does an Islamic bank function? If you have some book or site regarding this information in detail, please forward it to me... More

    83941 8-4-2002

  • Company Paying Interest on His Loan to Buy Flat to Marry

    I have taken a loan from my company for about 4000 D. The agreement was that I pay a fixed amount of money every month until I paid the loan for a total of the same amount that I took (4000D). But after that I discovered that the company agreed with a bank to give me the loan and the company will pay the interest amount after I paid the 4000D. I don't.. More

    83937 2-4-2002

  • Getting Rid of Mortgage Transaction

    I live in the United States and last year my brother and I purchased a house on mortgage (Riba), in both of our names, based on the Fatwa from Dr. Yousef Al-Qardawi that it was a necessity (Duroora). My father paid most of the down payment; around 70,000 and my brothers and I added 5,000 each. I now feel that this was the wrong decision and want.. More

    83935 2-4-2002

  • Dealing with numismatic gold company

    I heard about a company that sells numismatic gold (of limited edition) through Internet and delivers it by mail. This company awards you 10-percentage commission for each customer you convince to buy a product from this company. I want to know if this concept is Halal?.. More

    83835 27-2-2002

  • Purchased house on Riba

    I have a specific question regarding bank loans. I have looked through all the questions and answers on your site regarding this issue. My parents took a bank loan 21 years ago to buy a house. We live in Europe. However, 21 years later they are still paying since they pay the interest. Practically they have already paid the value of house. It never.. More

    83738 5-2-2002

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