Riba

Shk,the relatives family stays in v.old home in village,house may come down this monsoon,as cndtn of house is v.bad.He took loan to built new house.my aim is to relieve fm burden of loan.i’m asking again as I couldn’t conclude what to do after reading the reply you sent earlier.kindly pls let me know what can I do.I know I won’t get ajr,I intend to avoid he getting into loan/interest vicious cycle

Dealings and Attitudes with Relatives, Riba

10 Apr

ANSWER: If he took this riba based loan and now he is remorseful and shows sincere repentance to never do this again, you can help him pay it off. But if he is not remorseful, you must not give him anything as this would encourage him and others to take such a riba based loan.

I work in a bookshop.A man from a bank comes to us and sells “change money”.For our customers we need change money. He takes 1020 taka for 1000taka. My question is, is it halal what he is taking from us or we are giving extra 20 taka per thousand “change money”?

Riba

10 Apr

ANSWER: This is not permissible at all as it is riba which is totally prohibited in Islam.

I live in India n here r no Islamic banks.My husband wants to buy a house for me n my daughter bt saving money n buying a flat will not be possible until we r old n retired frm d job.taking loan is prohibited in Islam.so wat should we do?is there no solution to fullfill our need for a house?

Riba

30 Mar

ANSWER: You can take halal loan from family or friends or you can live in a rented apartment but must never take interest based loan as this is totally prohibited.

I live in America I want to buy home? Is interest prohibited for to

Riba

22 Mar

ANSWER: Taking an interest based loan is prohibited.

My question is that can you give a commercial building of your own for rent to a bank ? Is it permissable ?because my father is a religious person and he is of the view that the principles or activities on which a Bank deal are prohibited in islam. So i need your guidence in this manner that would it be permissible to allow a bank to take your building as a rent or not ?

Riba

08 Mar

ANSWER: Your father is correct. If it’s a conventional riba(interest) based bank then this is totally prohibited because it’s assisting and facilitating haram. And Allah said in the Qur’an do not co operate each other in evil.

sheikh my father is involved in in riba since very long , we brothers have tried our level best to explain him. He says he is not using te money in food but in unnecessary things like electric bills and and other housebhold bills… what should we do how to make him stop this .. what is the ruling for it and is it ok to spend this money like this .

Riba

28 Feb

ANSWER: It is totally prohibited to take riba, in fact it’s a major sin. However the money he’s spending on his family is halal for them and the sin is totally on the father alone.

I borrow some amount from my sister now I Have to return that amount but I will not return all money at one time she know this thing and she didn’t have any problems. Can I use my interest money to remove my debt(karz) can my sister take that money

Loans, Riba

24 Feb

ANSWER: No, you cannot repay your debt from the interest money. You must not utilize this haram money for your own benefit. This needs to be given to the poor and needy muslims.

V recently started the construction of our house during the process for permission all the government fee was paid but ther were men who bribed us fr taking d money out of corruption dey asked more money whch v were forced to gv so gave interest money frm bank account is it acceptable? Pls note the interest is of my saving accounts dts generated by the bank

Riba

22 Feb

ANSWER: This is not permissible. Any interest money that has been accumulated from a bank account must be given to a poor or needy Muslim in order to cleanse your wealth and not for personal gain. You must give the same amount you gave them to Muslim charity to cleanse your wealth.

Sheikh my friend had some interest money. she wants to know if she could use it to buy a cloth n give to a Christian friend?

Riba

16 Feb

ANSWER: This is not permissible, she must give this money to poor or needy Muslims, and not use it for her own benefit.

There is a company called ….. gold in India.it is run by a muslim woman who claims to make Muslims interest free and only Muslims needs to invest in it. She runs business of gold and textile nd if v invest money every month she gives us some returns.she says its the profit earned by her nd not interest. If v invest INR 25K v get INR 700- 800 Evry month. I am confused if its halal.

Riba

07 Feb

ANSWER: You must investigate thoroughly before investing in any business to check if its a pyramid scheme or a ponzi or not because investing in such schemes and companies is not permissible in Islam. I have great doubt and reservation about this company because of the high profit they give to their investors which is not logical […]

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