I've read about considering banks interest as Reba. And I'm asking you to give me clear vision on this issue that would help me to make the right decision, Insha Allâh. Banks in Egypt claims to give varying interest which is around 9.5percentage: 10.5percentage these days. I'm not sure if the bank invests all its money in loans with fixed interest.. More
I use the interest from my bank account to help the needy around me and to help my friends who are needy. I do this without any expectation of reward since I know Riba is Haram. Should I continue or discontinue help in this manner?
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Thank you very much for your answer to the question about the "cars prices" on the gas station.I need another clarification about the same, as you have mentioned that "Some people might purchase goods when they are not in need of those goods. They purchase only to get a coupon to subscribe to the draw".Sir, Will this rule still apply, if someone goes.. More
A person died leaving two widows, one daughter and three sons. If he left 100 dollar, what will be the amount each heir gets out of these 100 dollar?
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Mashreq bank (www.mashreqbank.com) has a interest free saving scheme called Mashreq Millionaire. Under this scheme one does not get interest but is eligible for a prize. You can get details from their web site. Should one hold these certificates and if yes are any winnings from this Halal?.. More
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
I have deposited some money in one of Syria's banks and as I heard that the bank is lending money to people as a business wise. The bank is paying its customers some profit by using the customers' money. I asked some people; who told me that the profit is (Haram) because it is (Riba). Please give me the right answer because I do not want any (Riba).. More
I'm currently working with a company in the United States that deals with banks and Riba. I'm working as a Programmer Analyst. My main duties is to input information such as payments salaries wages and sometimes I deal with calculating the Payments which involves interest and send it to the bank and receive information from the Bank. Is this Job Haram?.. More
Here in our country properties of Muslims are burnt and looted very openly during communal riots thus causing heavy financial loss. In the direct effect of this Muslims find in very hard to provide for their families. In Islam am I allowed to insure my properties knowing that Riba is Haram? If allowed under special conditions what should be those conditions?
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What is the Shari'a rule about using bank accounts with interest for a Muslim living in the West? Can I take the interest and give it to Islamic causes or should I leave it in the bank?.. More
In relation to my previous Question No.: 18481 (a girl of 19 years old who married against her parents will was a crook) is it possible to leave to her a share of inheritance but appoint a guardian, like an uncle, to supervise her spending?.. More