423 fatwas

  • Receiving Interest Date: 2-8-2000

    Assalam Alaikum! Could you please tell me if a widow or an aged person with no source of continuing income can deposit his/her savings in a bank and receive interest? .. More

  • Investment in saving certificates Date: 18-6-2000

    My sister is a widow who has three minor daughters, with no means of income other than the nominal amount she received after the death of her Husband from his employer. My question is can she invest this money in some defence saving certificates,life policies or fixed certificate schemes so that she may get a handsome amount at the time of enchasement.. More

  • Buying a car in US with Riba Date: 12-6-2000

    I would like to purchase a new Car. Here in America they don’t know what is meant by "baye Alajal." So please advise me as I am in dire need of a car, so I can make the living here? The only way is to get involved in APR which is interest and I can't afford to pay for it in cash; I have to make payments. .. More

  • Eating food of aunt who works at a bank Date: 13-5-2000

    My aunt works in a bank. Is it permissible to eat her food?.. More

  • Charging late fees Date: 8-2-2000

    Is charging late fees considered Riba? .. More

  • Buying house with bank loan Date: 30-1-2000

    I bought a house here in Norway and I had no other choice, in other word I was 'muthtar and I took a loan from a bank and, of course, I should pay interest. I have a large family with 5 children and it is almost impossible to rent a house here for such large families. What does Islam say in such circumstances?.. More

  • A loan taken 10 years ago has increased in value in the local currency; the original balance is due Date: 25-1-2000

    "My father who was living in Jordan borrowed ( 15,000) from his brother in America in1987. At that time the 15,000 equaled JD4,500 Jordanian Dinars, and my father exchanged the dollars into Jordanian Dinar and used them. Now, 10 years later, he is able to return the money to his brother, but 15,000 equals about 10,000 Jordanian Dinars and not 4500... More

  • Bank Loan to Buy House in Lebanon Date: 21-10-1999

    Am I able to request a loan from a bank for buying a house in a country like Lebanon? .. More

  • Interest from Banks Date: 5-10-1999

    Is taking interest from banks haram or halal? .. More

  • Orphans' Family with Financial Problems Want to Put Money in Riba Account Date: 3-10-1999

    Asalam Alikum. Thanks God for finding a precious and helpful guide for Islamic people, I am confused and I do not know what to do concerning my problem. I am an orphan since I was three years old, my father has been kidnapped in the Lebanese war in 1982 and we have never heard from him since and we think he is dead, he left a family of three members.. More

  • Borrowing From Bank to Buy a House Date: 24-8-1999

    I am a married man with two kids. I have a decent job but I cannot save enough to build a house for my family. Here in Tunis we don't have Islamic banks, so all banks that give credit for building house charge an interest rate. Does our religion give permission in such a situation to get credit from the bank? I have to note that I called the ex-Mufti.. More

  • Taking interest bearing loan to buy house Date: 22-8-1999

    First I would like to say that I have no intention to buy a house, but many people say that taking a loan from banks and paying interest for buying a house in occidental countries when the house is not for commercial purpose is allowed. Can you please clarify this for me? wa jazaqumu ALLAHU khairan WASSALAMU ALAIKUM .. More

  • Bank account, bank prizes and gifts Date: 15-8-1999

    I have three small questions. Q1: If you have a bank account and you hear that you have won a big prize from the bank, is this money Halal or Haraam? If this is Haraam, what is the Ayat or Hadith that proves this? Q2: If this prize is Haraam, can it be used to help in any way (any kind of help)? Q3: If the Bank gives you something (watch, keyring, or.. More

  • Seeks bank's sponsorship of school project in lieu of interest Date: 9-8-1999

    Instead of accepting interest from bank on our account, we have asked bank to sponsor on a different project in the school. What is the ruling according to shariah?.. More

  • Had a Bank Loan Date: 9-8-1999

    1 year back I took a loan from a bank here to cover some urgent commitment at that time. Now as I still have 2 years to pay for the loan I regret the decision and read about Riba and how both the bank and I are equally mistaken. According to my reading, I know that the lender should give the extra amount of money paid for interest to Islamic affairs.. More