Riba

Sir I dont have proper knowledge about certain issues.For example if in a dealing a price is decided for something( service or item) and I give more money to him or ask him to keep the change after I give him money.Is that also Riba?Secondly if I ever committed a wrong in such transactions without knowing the ruling,have I commited a sin.

Riba

03 Jul

If you give it as a service fee and as a gratuity or tip, this is not riba.

Ya Sheikh. Please what is the Islamic ruling on fixed deposit accounts? Is it halal to invest in them to earn money? Thank you for your effort towards enlightening the Ummah. May Allah reward you.

Riba

03 Jul

Kindly refer to the following link(s): https://www.youtube.com/watch?v=t5AiANaHIhA

Is it permissible to give as sadaqatul fitr food both using a credit card?

Riba

25 Jun

It should be in the form of staple food, given to the poor. Using a credit card to buy it is permissible but the problem is in the interest that might occur if you don’t pay on time which is a major sin.

If a muslim keeps huge amount of money in fixed deposit and gets big amount of interest money what should he do with it? Or he should break his fixed deposit and put all money in savings as less interest and easy to give to poor. what is right?

Riba

23 Jun

Any money earned through interest must be given in charity. He should move his money to an account where no interest is earned.

I live in a counsel house and the tenancy is on my father’s name, we have been living in the house for a while and if we buy will get a discount around 70 to 75% there are 2 options to buy, 1. Through paying the full money at once( which we do not have), 2. To mortgage the house which will include riba and which we will be able to afford. Can you please explain in detail.

Riba

18 Jun

It is not permissible to go for mortgage. Try to borrow from friends and relatives or continue to pay rent.

My father is buying a property and he has already paid 85 percent of the money. Now due to financial difficulties he is not able to pay the rest .so now he wants to borrow about 50000 SR from someone to completely buy the property. Now lender has a condition that he willgive us the money if we give him the monthly rent (we will receive monthly rent from the property)until we pay him the 50000 back

Riba

01 Jun

This is totally prohibited and it is clear riba.

Sir, can you please clearify me tha i am living in India ( Kashmir) and here is no islamic bank or islamic system where we can safeguard our money. So unfortunately we have to use the non islamic banks,then what about the interest on our deposited money which we earn through this non islamic system

Riba

22 May

Most conventional banks have regular checking accounts where you do not earn interest, with a debit card. If that is not available and there is only a type of savings account where interest is earned on your money, then you must give the interest money to charity to cleanse your wealth.