I've lived in the United States for quite a while and during my stay I have opened three bank accounts. Part of the bank's regulations is that at all times there should be a 100 dollars minimum in the account and that goes for all three banks. However with all three banks I violated that law and all my accounts went below 100 dollars therefore.. More
One company dealing a Ribaa business and take money from people, and give them Ribaa (profit) monthly 10% - 20%, different to different clients, their mission is not take money and ran away, but suddenly government closes it, now what can be done to people, either people have to return money back to company which they took as profit (Ribaa), and.. More
I have a savings account in a bank on which I receive interests. I can't change my account toordinary since this account charges a monthly fee of $3.45. Moreover, I'm not working, which is why I wouldn't be able to afford a fee of $3.45 per month. What am I supposed to do now? Is there an alternative solution. Is it also true that when one has.. More
I want to know about that whether it is permissible to purchase a flat of a building from the owner who might have build that building with the money taken as bank loan and paid interest... More
If I purchase an item, on interest-free for three years but have to pay interest after that and know that I can pay it off in less than a year. Is such transaction permissible?.. More
My question is concerns some shop here in Australia. Sometimes here in Australia shops offer to buy a product with for example 3 years interest free. After the 3 years and if the customer did not pay the full price an interest will apply for the remaining of the prise. Is that Ribaa? .. More
Is it permissible with intention to keep deposit money in bank, the interest money be paid to near relatives who are poor like uncles, aunts. (The intention is to get interest money that will help poor relatives). Is it permissible, please clarify.
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I am a revert sister. I am a single parent due to my ex-husband leaving me when I was 6 months pregnant. I work full-time to support me and my son. I originally came from Leicester. I moved to London when I got married. My mother died 27 years ago and my father is a Hindu and does not accept me as a Muslim. I do not have many contacts in London.. More
My question is: I want to buy a car, but I want to pay for the car by monthly installments. The car is Volkswagen Golf. I hear from the Ulama that it is not Haram if you buy a car like that. The company works together with a bank, but it is not a normal bank; the name of the bank is: Volkswagen bank. They use this bank to make it possible for the.. More
I bought a busfor work and it was financed by the seller (delayed payments). He charged me 9% which is too high, but I had to accept it because it is Halal.Now I have my house which I can use to borrow money from the bank and pay that bus owner in full and in this way I will save 4% of my interest which comes to $250 every month for the coming.. More
There is Bank X belonging to the government that operates conventional and Shariah (Islamic law) separately but the owner of the bank is same (government). The question is it Halal to work and to deposit in that bank that operate Shariah?.. More
Dear Brother: I have an import company.In our country, Islamic banks have very poor service; it is very difficult for us to get the proper credit to run the business. I have a current account without interest in one of the banks that deals with interest. The bank offers us the following (Islamic financing service): When we want to import some commodities.. More
We live in a kafir country. We want to make hijra to the Islamic country, of my husband as soon as possible. We are afraid our kids will grow up in a kafir country and for all of us it is haram if we stay here.
Previously I was married to another man and I had 3 kids. I am a Dutch Muslimah. Now my ex-husband is trying hard to take my kids away.. More
I have a question regarding business and banking according to Shariah.
- Since it's not permissible in Islam to deal with interest, what is the other way for a bank to make a profit?
- Is it permissible in Islam, to sell something for a higher price than what you have paid for it, for example, having a store and selling items/products for.. More