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View By Subject 201 fatwas
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Sin of interest related to person, not to money itself
I have been given a large amount of money by the government in my country due to illness for a couple of months; it is completely halal money, Allaah willing. Now my father gave his bank details for the money to be transfered into his bank account rather than mine. In his bank account, he owes the bank money along with interest, which the bank will.. More
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Tax rebate in this National Saving Scheme interest
In fatwa number 319753 (https://www.islamweb.net/en/fatwa/319753), you did not clearly state whether the 15,000 rebate itself would be interest or not. Please have a look into the question again by entering the link above, and let me know this as soon as possible.
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Striving to get rid of usurious loan
Assalaamu alaykum, Sir. I have a problem. For the last four years of my engineering course expenses, we have dealt with a bank for an educational loan. I was not completely aware of what Islam says regarding interest. I only knew that it is haram for the one who takes it, but maybe not for the one giving it. We only took a loan of Rs.40,000 forone semester,an.. More
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Ruling on income from business funded by unlawful capital
In Islam, it is haram to take dowry from the father-in-law. A man took dowry and started a business with the money taken as dowry, and he later also took a loan from the bank to grow his business; is his whole income haram now?
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Car leasing contract that involves refundable interest
Assalaamu alaykum. I have a question regarding car leasing. I have a business and would want to lease a car, but apparently there is interest in the lease. I live in belgium. The Belgian State gives 100% back on your expenses for your business, also the interest. Is it haram to lease with interest if I get it a 100 % refund?
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Giving loan to person in return for staying in house he owns
Assalaamu alaykum, My relative leased a house in which my mother is staying. The lease amount is 35,000 Rupees . There is no written contract, only a verbal agreement that once they return the above amount, we will vacate the house or pay rent after that if they agree. (They are not ready to give a written contract now.) Already three years have passed.. More
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Using bank interest for trade or emergencies
Assalaamu alaykum wa rahmatullaah. I am a Muslim from India, and it is almost impossible to find an Islamic bank in our locality. Therefore, we are forced to keep our money for various reasons (e.g. online money transfer, ATM cards, but not obtaining interest) in non-Islamic banks, which involves dealing with interest. We get some interest on our money.. More
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Taking mortgage to buy house
I have been living in a non-Muslim country and have suffered a lot of abuse due to practicing my religion. My daughter wears the hijab and my wife wears the niqab, and we have been abused almost all the time for following Islam. I have personally been attacked by a group of racist men and was hospitalised for many days as a result. A Muslim should not.. More
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Riba in Fundbox.com loans
Assalaamu alaykom. I just wanted to follow up on question 2623704. FundBox.com basically provides the following service: If I am service provider and have outstanding invoices that I'm still waiting for my client to pay, FundBox can pay me the invoice value temporarily until I recover the due payment from my client. So suppose that my client "A" has.. More
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Helping person settle interest-based loan
Assalaamu alaykum. My wife's parents bought a house with an interest-based loan a few years ago, when they where not praciticing Muslims. They did not know it was haram back then. They became religious later and now want to finish paying for the house so that they can live rent free. The question is: Can I help them pay for the house so that they can.. More
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Living in father's house bought with an interest-based loan
Before asking my question, I just want to tell you that my family consists of five people. My father and mother (who obeys my father), my wife (who wishes to do what is right and, praise be to Allaah, has a higher level of faith), myself, and my son (who is 1.5 years old). We all live together in a rented house with all my earnings going to my father.. More
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Paying mortgage from government welfare funds
Assalaamu alaykum. First of all, may Allaah reward you for such a good website. My question is regarding paying interest (riba) based mortgages on funds received from governmental social assistance. I live in Canada and receive welfare assistance due to my disability. The assistance consists of two parts: food and shelter. The government allows the.. More
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Gradual prohibition of riba (usury) in Madeenah
When the verses forbidding interest were revealed, how did the Prophet, sallallaahu 'alayhi wa sallam,implement the order in the financial system of the State of Medina? What sources are available for reference in this important matter?
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Taking part in national savings schemes in return for tax rebate
I am repeating the same question that I have asked before. You instructed me to refer to similar fatwas, but I did not get my answer in full by referring to the fatwas that you asked me to see. So please answer this question for me: In Bangladesh, if one invests money in a national savings scheme, they can enjoy an income tax rebate of 15,000 taka per.. More
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Buying property through interest-based contract
Assalaamu alaykum. Around six years ago, I and my sister invested our money by buying property through an interest-based mortgage in UK. Now, seeing the effects of indulging in interest, we have decided to repent and sell the property due to religious and personal reasons. The property was put for rent. The tenants used to pay us 1200 pounds, and we.. More
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