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View By Subject 32 fatwas
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Effect of interest on national economy
Does interest has an effect on the national economy? .. More
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There is no minor Riba
In order to finance my studies I have - in order to fundamentally sustain myself - to take a student loan. No I know, of course, that Riba is Haram. But I also know this is to protect the Muslims against themselves, and in order to prevent Muslims form exploiting each other. Now this student loan - taken here from a government agency in the Netherlands.. More
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Beware of Riba it is a dangerous sin
Here in United States its almost impossible for a student to enter medical school without taking loans (with low interests) unless the student belongs to a very wealthy family. How is it possible for us Muslims to gain the best of education without taking such an awful rout, considering the fact our Ummah are in need for doctors? .. More
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Needs money to open dentistry practice
I am a student in dentistry in Tunisia. I finished my studies and I need a lot of money now to open my own surgery. I was thinking of a bank loan, but I'm afraid it might be Riba and so it is Haram. I don't know what to do, I asked some people but they all gave me uncertain answers. I hope to find the right answer here. .. More
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Prohibition of Riba and other issues
I sent 5 questions but didn`t receive any answer please answer those my questions 1) why is riba haram 2) I heard that all animals eat meats, we are not allowed to eat it; what about fish that eat each other (I mean meat eat meat; this answer is for a christian person. 3) what about someone make (djanaba) to himself to relax sometime (halal or haram).. More
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Loans in the business world
Nowadays all companies work by taking loans from banks. We find that the whole economic structure is based on taking forbidden loans. So, how can we deal with that problem? If for example, if the boss asks us to take a loan for the company, what should we do? Are we obliged or is it forbidden by religion? I would like to have a detailed answer about.. More
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Why Usury is Prohibited
Why mark up (usury) is prohibited in Islam.
.. More
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Bank Loan to Buy a House
I work in a bank and I can get a loan for a house at a preferential rate. In my country there is no Islamic bank. I want to be independent and I do not want to be near my brothers and their families. Can I take the loan?
.. More
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Taking Bank Loan to Buy Household Items to Marry
This is urgent. I am getting married in 5 weeks, Insha Allah. I have to buy essential furniture, e.g. bedroom set, sofa, etc. The problem is that I do not have enough cash to buy it and do not have a credit card. The only way I can buy this furniture is through getting a personal loan from my bank which charges interest. I know deep in my heart and.. More
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Living on interest from bank deposits
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
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Wants to Buy a House with Riba
I live in the USA. I am very well paid in the wireless industry in California. There is no way to buy a house through the system in America except via a bank that would lend me money with interest. According to Islam interest is forbidden. Does this mean that the Muslims have to always rent and spend a chunk of their earnings and not invest them in.. More
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In Haram business with brothers who denied his rights
I am doing gold jewelry business in partnership with my brothers who are 20 years older than I and took care of me since my father's death when I was nine. My brothers have not given me legal partnership rights because I don't have a male child. They have been borrowing money on interest. I have tried my best to stop this Haram, but they do not listen.. More
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Wants to Take an Interest Loan to Start Business
I want to start a business for which I need a fair amount of money. I need to do the business as I am unemployed and not finding any job as there is a great job crisis in India and especially for a Muslim. Since I need money for which I intend to apply for loan from our government. If I get it then it is okay otherwise I have to look for other sources... More
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Marriage plan may include Riba
I am working as a Electrical Engineer (Diploma) supervisor 28 years and ALHAMDULILLAH earning a salary but it is not so enough for me to buy a house and also manage my mother and brother along with in the present high household expenses. Also I (We) don't have any property or enough money for spending on marriage celebration and giving MEHER to my groom... More
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Investment in saving certificates
My sister is a widow who has three minor daughters, with no means of income other than the nominal amount she received after the death of her Husband from his employer. My question is can she invest this money in some defence saving certificates,life policies or fixed certificate schemes so that she may get a handsome amount at the time of enchasement.. More
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