Islamweb

Fatwa

  1. Fatwa
  2. Fiqh of Transactions and Inheritance
  3. Riba (Usury)
  4. Dealing with usurious banks
Search In Fatwa

 View By Subject

88 fatwas

  • Questionable bank account in Egypt

    I live in Britain and I have put my money in a bank in Egypt (National Bank of Egypt) because I am planning to live there soon. This bank gives me an increase of money depending on how much they make every year. They don't give me a solid percentage for e.g. this year I could get 10% and next year I could get 4% (this depends on how successful.. More

    90054 26-5-2005

  • Dealing with a non-Islamic bank

    I have one quick question, please enlighten me in the light of Quran and Hadeeth about it. I have a current account ina commercialbank. This back recently introduced a new scheme where in any account holder in the bank is eligible. And according to this policy or scheme, which is called the TAKAFUL Family Scheme wherein the account holder.. More

    89912 5-5-2005

  • Working in an un-Islamic bank as a way to open an Islamic bank

    I'm a student in University. I want to specialize in financial banking but unfortunately there is no Islamic bank in my country. I need to establish the Islaamic bank so to help my fellow Muslims. Is it permissible for to work in interest base bank if it is so in what way I can win my goal? .. More

    89765 14-4-2005

  • Having an ATM card in a non-Islamic bank

    What is the ruling in getting an ATM card in a non-Muslim bank ? .. More

    89479 10-4-2005

  • Opened three bank accounts in US and did not pay penalties

    I've lived in the United States for quite a while and during my stay I have opened three bank accounts. Part of the bank's regulations is that at all times there should be a 100 dollars minimum in the account and that goes for all three banks. However with all three banks I violated that law and all my accounts went below 100 dollars therefore.. More

    88884 18-11-2004

  • Has a savings account due to necessity

    I have a savings account in a bank on which I receive interests. I can't change my account toordinary since this account charges a monthly fee of $3.45. Moreover, I'm not working, which is why I wouldn't be able to afford a fee of $3.45 per month. What am I supposed to do now? Is there an alternative solution. Is it also true that when one has.. More

    88694 28-9-2004

  • Wants to buy a used car on loan with interest

    I am a revert sister. I am a single parent due to my ex-husband leaving me when I was 6 months pregnant. I work full-time to support me and my son. I originally came from Leicester. I moved to London when I got married. My mother died 27 years ago and my father is a Hindu and does not accept me as a Muslim. I do not have many contacts in London.. More

    88400 2-8-2004

  • Buying a car through a non-Islamic bank

    My question is: I want to buy a car, but I want to pay for the car by monthly installments. The car is Volkswagen Golf. I hear from the Ulama that it is not Haram if you buy a car like that. The company works together with a bank, but it is not a normal bank; the name of the bank is: Volkswagen bank. They use this bank to make it possible for the.. More

    88365 26-7-2004

  • Borrowing money from British bank for marriage

    Is it permissible to borrow money from a standard British bank for the purpose of marriage knowing that there are no Islamic banks available in the UK? I read several articles and messages posted on your website but failed to locate one that takes living in a foreign – non-Islamic - country into account. .. More

    87200 3-3-2004

  • Buying a house from non-Islamic bank without interest

    Is it permissible to buy a house from a non-Islamic bank, without any interest; they call it here "fixed rate"? .. More

    87163 26-2-2004

  • Hospital funded by interest-bearing loan

    Six directors including my father and uncle are running a multi-specialty hospital. It has all modern facilities. Its finance is from bank loan paid back in interest every month. The hospital is one of the best in Kerala, South India. Hundreds of staff are working here with very good salary. Huge amounts are given in charity. Poor patients are given.. More

    86051 13-7-2003

  • Bank deposits and credit cards

    I am a young man and just started to work in an organization. Can I put my money in the bank and use a credit card? .. More

    86014 5-7-2003

  • Purchasing a flat for family use through a bank

    I want to buy a flat for family use, not for commercial purposes, and need to go through bank. Some Muftis may say this purchase is out of necessity, while other would say the transaction is pure Riba. Would you please clarify this subject? .. More

    85931 16-6-2003

  • Dealing with Prime Bank

    Is it ok to participate in what is called Prime Bank (www.primebankltd.com)? .. More

    85905 9-6-2003

  • Taking a loan from a usurious bank

    Is it ok to get a loan from a bank or a credit card and pay them only the exact amount monthly without paying any interest - (even if they ask me I just want to pay the amount that I have taken)?.. More

    85046 21-10-2002

Search Fatwa

You can search for fatwa through many choices

Fatwa Subject

Categories

Multimedia

Special Folders

Services

Contact Us About Us

Copyright © IslamWeb 2024. All rights reserved.

Copyright © IslamWeb 2024. All rights reserved.