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View By Subject 201 fatwas
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Facilitating a loan that involves interest is forbidden
Assalam-ul-aicum. I work for a car dealer and a part of my job is sell warranty and other protection packages for a newly purchased vehicle. I am paid a commission based on what I sell. If a customer is financing their new car, and I submit their application to a bank, the dealership gets a type of referral fee. The amount of the referral fee is based.. More
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Paying interest for late tax payment due to the accountant’s mistake
Salam; I live in Canada and i have been charged an interest for filing my business tax late (due to the accountant) even though i paid it on the due date but Revenue Canada (Tax Ministry) received the amount late. I always avoid interest but this is what happened and i don't know what to do. Have i fall in Riba .. More
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Taking a loan with interest to help relative pay tough debt
Assalamu Alaikum, A close Muslim relative of mine is in severe financial hardship. He works hard, but has a large family and has had to borrow considerable amounts of money (without interest) from people to cover his family's expenses. But now he cannot repay his debt and might possibly go to jail as a result. I am a student in the United States and.. More
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This transaction is a loan with Riba (usury)
I intend to sell some products to clients, the clients don't have cash, but there is a lender who is willing to pay direct to us (as suppliers) and let the clients take the products then load his profit on the repayable amount. But because the lender isn't a Muslim he simply terms that profit as interest. Is there anything wrong for me to participate.. More
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Opening a saving account in a usurious bank to get a long term house rental
Assalamu Alaikum, I have been living in Stockholm Sweden with my wife and my daughter for almost a year and half now. During this period i have to rent and live at 4 different places and until now I am not able to have a secure place to live in. By secure place I mean a long term affordable house. My options are : 1- To borrow money from a bank and.. More
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A promised fixed return on investment is Riba
Assalam Alaikum, I am an Indian working in Saudi Arabia. Presently I have been offered a commercial Property (Retail space in a Mall). The developer assuring me , if I pay full amount, he will give me minimum 1% of the cost of property , as rent, every month for next 15 years. If the property goes with higher rent I will get the higher rent otherwise.. More
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Spending Riba-based interests on one’s personal affairs
As-Salaamu ‘Alaykum.
I gained 46,000 as interest on invested money at a Riba-based bank. Now I deeply regret having done that and want to repent to Allaah for this deed.
Should I pay that amount in charity?
If I do not own this sum of money now, should I borrow it?
If it happens that I have this amount of money in the future, should I pay it in.. More
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Riba-based borrowing is not necessary in such a case
I am a young man who has been engaged for three years through a valid marital contract, meaning that my fiancée is my lawful wife according to Sharee‘ah. My fiancée and I were in seclusion that resulted in pregnancy. She has been pregnant for a month. Now, I want us to get married (hold a wedding ceremony) as soon as possible in order to avoid the.. More
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The excess in price in this manner is a back door to Riba
I bought a car through the Islamic bank. I asked for a sum that is higher than the price of the car in order to handle some important affairs with the extra sum of money. Is this act permissible under Sharee‘ah? Please advise. May Allaah Reward you... More
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Taking a present that comes with the bought item is not riba
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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Company paying interest changes not the ruling
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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Ruling on cancelling part of the debt in return for immediate payment of another part
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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Her husband is angry with her because of a loan she took before converting to Islam
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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An item that involves Riba in PayPal and Alipay user agreement
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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Taking a Riba-based student loan does not affect consequent job
As salamu alaikum, i hv taken a loan for my graduation, will my job based on graduation be haraam & i work in a US based research company which deals in debt and my job profile also include finding terms and conditions of debt/ bonds, is anyone of the above cases is haraam???
.. More
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