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As-salamu ‘alaykum
What is the ruling on the architect who designs the plans of houses for people so that they could receive a Riba-based loan from the bank?
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I work in a company whose owner asked us to pay an amount of money to be saved for the employee along the year and the owner of the company will pay two-fold of the paid money. However, the employee does not have the right to withdraw his money except after a year. Is the extra money considered Riba (interest)? It should be known that he pays this extra.. More
Salam aleikum sheikh. I have a very important question about riba. I know its very haram to take riba. But me and my husband and our 3 small children live in a koffar country. My husband is trying to find job which is very difficult bcz the goverment discriminate foriners in this country especially muslims. Så until my husband have not find a.. More
We are a group of Muslims in a small town in the UK, and we are used to collecting donation after Jumaa Prayer as Sadaqa. we usually put the collections temporarily in a bank account so it is easy to transfer it to the needy later on. Recently, that bank started closing the accounts of the Muslim Activists that support Muslims in need, like Gaza, Syrian.. More
Al Salaamu alaykum wa rahmat Allaah wa barakaatuhI am a young man who has a huge debt to pay, and who lives in the West. When I was still a child, I got into trouble with the authorities and I had to pay a huge fine. Of course I couldn't pay it, so now they want to add an interest rate of 8% every month so I have to pay more and more every time I do.. More
assalamo alaikom.i left my country 5 years ago and I didn't close my banc accompt because t thought that once its inactive it would close automatically,but I found out that the banc did not close it and they are still accumulating banc fees on me even I don't use it.my question is:do I have to pay those fees.jazakom allah khayr.assalamo alaikom
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Assalam U Alaikum Mufti Sb,My question is regarding bank loan, i am working in UAE, i took loan from bank without any solid reason as at that time some of my friends were taking loan and they insisted me to apply too and convinced me that i can use this money to buy some property as it is difficult to collect so big ammount due to our self made expenditures... More
Assalamoalaikum,Answer needed immediately,My maternal grandmother gave me 50000 rs for educational purpose from her pension,I consumed some 30000 rs, and 20000 rs is left with me,My queston is ,that What will I have to do now with the remaining money as She never had paid interest which she got from the bank account from last 20 years(she is gettting.. More
In pakistan, there are mainly 02 types of accounts that can be opened in a bank, saving account and current account.In saving accounts, we get riba on our deposits. Where as in current account types, the account holder do not get riba but the money in his account is used by the bank for getting ribaOne of the current account types is the account known.. More
Assalamualaikum wa rahmatullahi wa barakatu,I am a college student who is almost graduating. I am only going to college because my parents won't allow me to leave. They are paying for my education by taking out a loan in which they will not owe any interest unless they fail to pay it back by a specified time. They want to pay it back on time and avoid.. More
Salam 3alikoum I work in a bank in the UK, I am not happy with that because of the many fatwa that said that working for a bank is forbidden (Harram), now , I am lokking to start a small business like car wash or fast food restaurant, but I can only afford to invest 20 to 30% of the capital needed. it is permitted to borrow from the banks the 70% needed,.. More
I am syed Jahangir My parents had died our beloved father had left some deposits amount in banks for my brother and sister, we need to take back but we will get the amount with interest add. I have 3 sisters they also have some deposit amount My question 1. One my sister is Married and her husband in dept can we clear the amount of dept with that interest.. More
Assalam o alaikum dear scholars. If someone gives me some amount on loan that is equal to 100 grams of gold at this time. And asks me to return 100 grams of gold instead of amount whenever i will return the loan. Is this interest in Islam. Whether i should return borrowed amount or 100 grams of gold
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My father has involved in interest lik pledging half house property and getting loan and some other By way of interest now my father has both halal money as well as haram money and I have an idea of starting new business by borrowing money from my father and my question is dat if I start business by borrowing money from my father den my business would.. More
Asallam u Alaikum, I keep my money in Barclays Bank in the Uk and don't take any interest as it is a current account to keep my money safe. I have heard there is no bank here that is completely interest free(even the islamic bank). Recently I heard this bank where I keep my money is a major shareholder in an Israeli arms company(I'm not sure if this.. More
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