423 fatwas

  • Profit From Business Established by a Riba-Based Loan Date: 29-1-2019

    Asalam alakumI live in non Islamic countryI have taken loan on interestI was having little knowledge that interest is Haram . Now finally I have decided to close that loan and in future I will not take any type of loan on interest. I have repented to Almighty Allah for my sins.Now my question is the loan which I take before 5years for business every.. More

  • Salary Deposited In An Account With Interest Date: 1-1-2019

    I work for a NGO and my basic salary is 7447 birr ( Ethiopian birr). 50% of that money is further deposited into an account on my behalf ( provident fund, as they call it) with a small but poisonous interest (35 birr for every 1000 birr). How should I deal with that kind of money? Thank you. .. More

  • Father Forced Him to Get a Riba-Based Loan Date: 31-12-2018

    Salaam aleikum. I'm a man in my 30s and when I was a teenager my father forced a student loan on me without my approval. He went to the office with me and forced me to take the loan and sign my name by intimidating and threatening me. It didn't matter how many times I said I didn't want to, he just didn't care.At that time I also didn't know that taking.. More

  • Designing AC Systems for Central Banks Date: 16-12-2018

    Alsalam alykomi am a mechanical engineer working as a designer of air conditioning systems for any type of building .My question is : is it haram to design the air conditioning system for a central bank? .. More

  • Paying Taxes or Penalties from Riba Interest or Pension Funds Date: 3-12-2018

    I leave in an non-islamic country. We have a rule here that we need to file in tax returns even if NIL annually. My wife has defaulted on this as she was not aware NIL return was to be submitted as well. Now this may attract penalties and interest thereof by the tax body. Can we pay such charges from interest received from bank account or interest from.. More

  • Working in HSBC Bank Date: 20-11-2018

    Assalamualaykum I am hussain live in hyderabad india. My question is I got job in Hsbc mnc company. This is multinational banking company. If i do job in this company. So is this haram or halal .. More

  • Father Bought a House with Riba-Based Loan Date: 8-10-2018

    Assalam u Alaikum wa Rahmatullah hi Wa Baraktuhu.My question is regarding riba and its further consequences. If ones father has purchased a house and taken a mortage for x amount of money for a 12 year period approximately and on that there is a 2.7 percent cost of borrowing or interest rate as is supposedly written on the monthly bank statement bills.. More

  • Working in Investment Banking Date: 4-10-2018

    is working in investment banking is halal their work is related to merger and acquisition, manage client portfolio, act as a intermediate between compony and commercial bank (they advice bank to issue Loan to compony or not they also help compony in issue a share .. More

  • You Get Rid of the Surplus Amount of Profit Only Date: 2-10-2018

    Assalamu AlaykumI live in a western country whereby it is compulsory by law for working people to set aside a percentage of their earnings in a 'superannuation' fund, only accessible upon retirement. The companies managing these funds invest in different sectors, some halal and others not (eg tobacco)When I first started working, a small amount of money.. More

  • Disbursing Usury Money Date: 23-9-2018

    Assalamu alaykum,I normally separate usury money from my halal money in the riba based bank I am operating. On what can I disburse the usury money Islamically? .. More

  • Riba-based Investment Certificates Date: 29-8-2018

    A person who lives on "house rent" pays zakat and other taxes regularly. On top of those, he has to pay a large sum as income tax. That income tax would become only 1/4th if he buys government saving certificates. Will it be permissible for him to buy those certificates only to get the tax rebate, if he leaves RIBA or gets rid of it by giving to the.. More

  • Taking an Interest-based Loan to Study Date: 16-7-2018

    Assalamu Alaikum wa rahmatullahi wa barakatu,I live in Canada and I am currently a student at one of the universities in this country. My goal is to become a social studies teacher because there is a great need for Muslim teachers even within secular subjects. However, the issue is that I have fallen into the trap that so many students have fallen into.. More

  • Recording Riba-Based Transaction Date: 9-5-2018

    salam. i read a fatwa by a famous Hanafi Scholar that subsequent recording of riba-based transaction is not prohibited though disliked. he means that it is haram to be record a riba based transaction at the time of its occurence but not afterwards. is this view of weight? .. More

  • Riba related jobs Date: 2-4-2018

    I'm mandatory trainee at a CA office for completing my course for three years, which I'll reach after a one hour train trip, total trip timing may 1.5 hrs, I joined this far because of the office has no bank audit, other near by offices has it. Still there during making of financial statements, I've to do calculation of interest to partners, as well.. More

  • Auditing Accounts of Riba-based Banks Date: 27-3-2018

    In islam, is it permissible to work in an accounting firm where some clients are engaged in haraam business activities? .. More