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28 fatwas

Profit making without interest

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

87898 8-6-2004
Dealing with Islamic banks

Are deposit in Islamic banks accepted or prohibited in Islam?.. More

85508 19-5-2004
Islamic banking in practice

DoIslamic banks really abide by Islam, or is 'Islamic banking' just ascheme to circumvent the Shariah? Is it Halal to work for such banks?.. More

87402 19-5-2004
Putting money in Faisal Islamic Bank of Egypt

Is it Halal to put my money in Faisal Egyptian Islamic Bank? .. More

87647 2-5-2004
Seeking position with Islamic bank

I am seeking a good and Halal internship for my MBA Finance Program outside of usury companies, I have heard about Qatari Islamic Banks whose transactions respect the prescriptions of Shariah. In this regard, I would like to know if any of scholars committed in your website can make me Tazkiyah for one the Qatari Islamic Bank. If you can do that.. More

86878 8-2-2004
Risk at Islamic banks

I am an Msc student. My question is: How do Islamic banks assess risk when financing a project?.. More

86538 13-11-2003
Doubts about Islamic Banks

I would like to know about the loans from banks, Islamic bank says it is not interest but thier banking system is similar to other banks what is your opinion regarding this query? .. More

86266 17-9-2003
Islamic banks charging low interest rates to Muslims

Can Islamic banks charge low interest rates on loan to fellow Muslims? .. More

85534 2-2-2003
Depositing money in an Islamic bank

I would like to know what Islam says about depositing money in an Islamic bank. Is it considered as "Riba"?.. More

85114 6-11-2002
Interest of Islamic banks

I'd like to ask about interests of Islamic banks whether its Halal?.. More

85079 28-10-2002
Location of Islamic banks in the US

Could you tell please if there are banks in the United States (New Jersey state) that give loans without interest (i.e., agree with Islam) to buy a house?.. More

84108 5-5-2002
Islamic banking

My question is regarding the Islamic bank. How do the employees in an Islamic bank get their monthly salary and from where? How does an Islamic bank function? If you have some book or site regarding this information in detail, please forward it to me... More

83941 8-4-2002
Legal Transactions of Islamic Banking System

Is the Islamic rulings about the profit taken by the Islamic Banking System, if we take loan to buy something, the same as the interest taken by other banks? As per the Islamic Banking System, it is said that they are buying something and selling it to the person taking the loan with a specific profit. Please explain. May Allah Almighty reward you for.. More

83007 28-6-2001

View By Subject

28 fatwas

Profit making without interest

Dealing with Islamic banks

Islamic banking in practice

Putting money in Faisal Islamic Bank of Egypt

Seeking position with Islamic bank

Risk at Islamic banks

Doubts about Islamic Banks

Islamic banks charging low interest rates to Muslims

Depositing money in an Islamic bank

Interest of Islamic banks

Location of Islamic banks in the US

Islamic banking

Legal Transactions of Islamic Banking System

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