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  4. Dealing with usurious banks

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85 fatwas

  • Having an ATM card in a non-Islamic bank Date: 10-4-2005

    What is the ruling in getting an ATM card in a non-Muslim bank ? .. More

  • Opened three bank accounts in US and did not pay penalties Date: 18-11-2004

    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

  • Has a savings account due to necessity Date: 28-9-2004

    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

  • Wants to buy a used car on loan with interest Date: 2-8-2004

    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

  • Buying a car through a non-Islamic bank Date: 26-7-2004

    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

  • Borrowing money from British bank for marriage Date: 3-3-2004

    Is it permissible to borrow money from a standard British bank for the purpose of marriage knowing that there are no Islamic banks available in the UK? I read several articles and messages posted on your website but failed to locate one that takes living in a foreign – non-Islamic - country into account. .. More

  • Buying a house from non-Islamic bank without interest Date: 26-2-2004

    Is it permissible to buy a house from a non-Islamic bank, without any interest; they call it here "fixed rate"? .. More

  • Hospital funded by interest-bearing loan Date: 13-7-2003

    Six directors including my father and uncle are running a multi-specialty hospital. It has all modern facilities. Its finance is from bank loan paid back in interest every month. The hospital is one of the best in Kerala, South India. Hundreds of staff are working here with very good salary. Huge amounts are given in charity. Poor patients are given.. More

  • Bank deposits and credit cards Date: 5-7-2003

    I am a young man and just started to work in an organization. Can I put my money in the bank and use a credit card? .. More

  • Purchasing a flat for family use through a bank Date: 16-6-2003

    I want to buy a flat for family use, not for commercial purposes, and need to go through bank. Some Muftis may say this purchase is out of necessity, while other would say the transaction is pure Riba. Would you please clarify this subject? .. More

  • Dealing with Prime Bank Date: 9-6-2003

    Is it ok to participate in what is called Prime Bank (www.primebankltd.com)? .. More

  • Taking a loan from a usurious bank Date: 21-10-2002

    Is it ok to get a loan from a bank or a credit card and pay them only the exact amount monthly without paying any interest - (even if they ask me I just want to pay the amount that I have taken)?.. More

  • Purchased a Car through Partially Interest-Based Financing Date: 16-9-2002

    I am a Muslim, living in the UK, with a wife and a baby. I need a car. My car started to give me trouble, I traded it in and the difference in price is to be paid through finance (interest). Is this Halal as this was the only way I had? .. More

  • Interest Payments as Compensation for Taxes in USA Date: 16-9-2002

    I want to know if it is Halal to open a saving account with interest if I am living in a non-Muslim country as USA because they are taking a lot of taxes from me and can this be considered as a compensation because this money is going to a non-Muslim government which uses the tax money to give military help to Israel? I would rather get my tax money.. More

  • Investment bonds Date: 26-8-2002

    Is the interest from bonds considered Halal or Haram?.. More

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