ANSWER: When a person invests in a company, he is a partner in it. Therefore, if they deposit money in a bank and take interests or finance their projects by borrowing from interest based banks, this is not permissible and one must not invest in such companies.
Read moreANSWER: This is totally prohibited and the income is haram!
Read moreANSWER: Paying extra for the notes that are NOT in use anymore is permissible.
Read moreANSWER: If this property is bought with purpose of selling it after developing it, you must estimate the current value and give zakat on it. But if it was bought to rent it out or to live in it and not to sell it, there is no zakat on it. If the loan is interest […]
Read moreANSWER: If the price is fixed and you are buying from the owner and there isn’t any way that the installments would increase more than what was agreed upon initially, this is permissible.
Read moreANSWER: It’s totally prohibited to work in any department of a riba based bank, even if you work as a janitor, its prohibited and the income is haram and its one of the major sins in Islam!
Read moreANSWER: If its a riba (interest) based loan, this is totally prohibited. It’s not permissible to cheat the government even if they are corrupt as a muslim does not cheat or lie.
Read moreANSWER: This is not permissible at all.
Read moreANSWER: This is indeed interest and not permissible for you. Take that extra amount and give it to poor and needy Muslims in order to cleanse your wealth from this haram money.
Read moreANSWER: As long as you are supervising them, you are with them in the sin.
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