ANSWER: You must open an account in an Islamic bank but if there’s no Islamic Bank in your city then you should open a current account that does not give interest but if this is not possible then in this case you can open a savings account due to necessity in the conventional bank which […]
Read moreANSWER: Why would you do something like that?! You should take that interest money and give it to poor and needy Muslims. The interest money is haram and you must dispose this off to poor and needy Muslims in order to cleanse your wealth, without anticipating any reward for it. You cannot benefit from it nor […]
Read moreANSWER: If this is a financial institution that is based on riba and giving consultancies to firms dealing in riba, working in such a firm is totally prohibited.
Read moreANSWER: This is totally prohibited because it’s riba. You must not invest in a business that only gives you profit and a fixed rate every month. You must be part of both profit and loss as this kind of investment is permissible in islam.
Read moreANSWER: This is not permissible as the interest money is haram and you must dispose this off to poor and needy Muslims in order to cleanse your wealth, without anticipating any reward for it. You cannot benefit from it nor buy gifts for your family and friends with it.
Read moreANSWER: It is not permissible at all to work in any department of a riba based bank as this is collaborating and assisting in evil and the income would be haram as well.
Read moreANSWER: This is an issue of dispute. I am inclined to the opinion that prohibits this as surviving after the surgery or medication is not certain and riba is a major sin.
Read moreANSWER: It is prohibited to take such loans no matter what the reason is.
Read moreANSWER: Living your whole life paying rent is better for you than to do one of the 7 major sins in Islam. Allah curses those who take riba therefore, this is totally prohibited.
Read moreANSWER: This is riba and it is not permissible as you must cash the money and take it from them on the spot and not leave it with the shop that bought the gold from you.
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