This is halal as long as the transaction is done simultaneously. This is done by giving and taking in the same meeting and physically exchanging the money.
Read moreThis is an issue of dispute among scholars. The majority of scholars say that it is only to be taken from the Jews and Christians. Some scholars say that it is up to the Muslim ruler to decide.
Read moreTadawul is buying and selling stocks and this depends on the activity of the companies, their financing and the money bought with it. As for loans from banks, it is not permissible to borrow through conventional banks as these loans are interest based.
Read moreTawarruq via the bank and differences in fatwas concerning it from fiqh councils and banks’ scholars
Share | I found that taking a loan by tawarruq has been permitted by respectful scholars in this field of finance. But I read on your website that the conditions of tawarruq that were stipulated by the bank from the beginning made it haram. I am confused. What I understood after reading on your website […]
Read moreRiba is a number of things. among them, taking a loan and paying interest over it.
Read moreAs long as this is the rules of the country and you would be prosecuted if you don’t pay, you must pay it. But if it is cash and no one would know about it and there is no way that they can hold you accountable for it, you don’t have to pay it.
Read moreA few months ago there appeared a company called “Business” which does a kind of marketing. Its idea may be summed up as follows: a person buys the company’s products – which consists of programs (software), a web site and e-mail – for 99 dollars, and after buying he is given the opportunity to market […]
Read moreIf the company buys it on your behalf and puts its interest on it, this is not permissible.
Read more…Alhumdulillah my husband pays the rent on time but can we sign this lease? Is it sinful to do so? Please note its the standard lease paper that is used by almost every person who is renting out an apartment. …………………………………………………………………. This is not permissible to sign it as it is acknowledging the validity of […]
Read more…The other driver’s insurance company have offered to fix the car and compensate us for our injuries. We are trying our best not to exaggerate our injuries and are not going to ask for more than the first offer they give us. Is this permissible? ………………………………………………………………………………………. This is permissible.
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