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Are the free services provided upon buying an item, such as giving the person a bottle of perfume and an extra item with it for free, considered Riba?.. More
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As-Salamu ‘Alaykum,
Is it unlawful to buy a car on loan, given that the car is necessary in my work? Having no car will result in definite harm. It should be known that the company will pay the interest of the loan and I will not bear any loss. May Allaah Reward you. .. More
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How should the gold that contains “stones” be bought and sold?.. More
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Could you summarize the opinions of the scholars on the ruling of Riba An-Nasee’ah (increasing the price of an item in return for deferred payment) regarding selling non-Riba items for me?
May Allaah Reward you. .. More
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In 1990, I lent nearly 150,000 dollars to a person, and he wants to pay me this year, 2001, while the sum is now equal to only 1500 dollars. When I lent him the money I did not agree with him on which currency he would pay me, whether by the dollar or by the local currency. The local currency at that time was the Sudanese pound and now it is the Sudanese.. More
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In the Name of Allaah, The Most Merciful, The Ever Merciful. May Allaah Bless your efforts and Reward you.
My question is: I am a merchant and have a store, and a client takes commodities from me on credit, and his debt has risen to 40,000 dollars. He repays in installments and takes goods on a weekly basis. One day, I needed 10,000 dollars and said.. More
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ASSALAM O ALAIKUM; i sell a plot in pakistan in the month of july and write a contract as that buyer give me 1/4 in advance and the rest money in the month of December. now he is giving me an offer that this contract should be more longer than 6 months more and u take 30000 per marla more because after 6 months the price of plot will increse as the.. More
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i have a savings bank account and i dispose off the interest given by the bank. But bank also gifts its customers a yearly calendar, dairy or wallet, can i take it? If not ,then what should i do with previous gifts?
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salamun alaykum.may Allah bless you.dear sheikh,please i want you to clear this misconception on interest paid by banks on savings account.1.that it is your share of the profit from transacting with your money 2.that it is similar to the incident of three people of cave narrated in hadith where one of them has his money with his employer and the latter.. More
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I have an old debt that my husband is unhappy with. I have sold a house and lost a lot of money on it, it happened before I was married. he thinks I lied about it because I was not done with it later than I thought due to interest rates that rose to the double. he does not trust me now, I have shown him my account so he could see it was true what I.. More
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dear brother, we are solar energy company in pakistan. can we sell our product to a bank and then bank further finance on installment to his customer. Selling and marketing is on bank and bank will charge margin for its services and leasing. We will not involve in financing, we will install solar at customer home and bank will make us full payment one.. More
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Assalamo alikom When I read PayPal and Alipay user aggrement I found thoes items are not clear to me: PayPal 4.1 Balances. If you hold a balance, PayPal will hold your funds in pooled accounts separate from its corporate funds, and it will not use your funds for its operating expenses or for any other corporate purposes. PayPal will not voluntarily.. More
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salam.. The bank refuse investment from certain individuals and companies whose income is questionable. Is it shariah compliant or not?
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I have a savings bank account in a riba-based bank in India (Please note that their are no Islaamic banks in our country and I have read about the ruling on this issue).I take the interest from the bank and give the compelete amount in charity. If we use banks DEBIT card we get: 1% Cashback on all purchases. Re. 1 back for every Rs. 100 we spend. Is.. More
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As salamu alaikum, My question is regarding one leading shariah compliant bank in qatar offering almost fixed profit rate of three percent (3%) on a high profit savings account. Upon enquiring with their sales/service person they informed me that they try to maintain the profit rate at three percent so as to benefit the customer, even if the whole profit.. More