Are we allowed to eat the food and accept gifts from relatives and friends who works in a interest based bank. As I don’t accept things from them as in Quran it says Riba is Haram. But someone shared a link from Islam QA which saying it is allowed to accept things from them. https://islamqa.info/en/126486

Riba
09 May

You can accept it as the sin is on them!

Read more

Sheikh, is it permissible to take car from bank or showroom on lease especially in Saudi Arabia?

Riba
07 May

I believe that this is not permissible.

Read more

dear seakh. I bought a house in Ireland.I took 100% mortgage from bank, I lieke to get rid of the interest If I give them the house, they will sell it in oction and then will put the rest of the balance on my name. The second option I can do a self bankruptcy. Then all my loans even mortgage will be wiped out. The third option is to pay until the price come to a balance.

Riba
01 May

If the final price is fixed, take the third option as the harm has already been inflicted.

Read more

I am the only bread earner in my family. I have worked for many years and saved some small amount in bank.things have really got expensive and my three children are also growing big. I wanted to purchase a house whereby the bank is giving me a loan which I need to clear it within five years. The bank is giving loan and will also charge me interest. Is it OK for me to go ahead with the loan?

Riba
27 Apr

No, taking a loan form a bank is totally prohibited, it is clear riba.

Read more

I have heard that taking loan( interest based) for purposes of securing your future e.g. Buying a house or studying a higher degree is not haram ? Is this true ?

Riba
18 Apr

This is not true and it is baseless.

Read more

can v maintain bank saving r any other account… if s how to treat intrest charge r given by bank. If it is not permissible to maintain bank account what is the way to invest money in halal way..

Riba
05 Apr

If there is no other bank that doesn’t give interest, you may deposit your money there but you must take the interest and give it to Muslim charity or to the poor to cleanse your wealth.

Read more

Sheikh my mom lent some money to a local businessman.In return, The businessman promised to give 200$ each month as a portion from profit.Now, is it interest(riba)? P.s He said he would back whole money anytime mom gave and those 200$ won’t reduce the main amount.

Riba
02 Apr

This is clear riba.

Read more

sir my friend is asking money for this company project. he want to give 10 percen for my total amount i will invest.this is correct ?. or what i need to tell him. please clarify.

Riba
29 Mar

Giving profit from the capital invested is riba. The percentage agreed upon should be from the profit and not from the capital.

Read more

We have a business in fruit & veg sector and my dad take control of whole the business and the business deals with interest and it owes a lot money to people that we buy our stock from. Im currently working for my dad and but the business is under my name and i don`t have any control of the business and i cannot bring the business in a halal path and to pay our debts faster or to increase.

Jobs, Riba
22 Mar

You must diplomatically bring this issue your father’s attention and telling him that this cannot go on while it is still in your name because you don’t want take the burden of such a major sin.

Read more

is it permissible to use someone whose income is mostly haram as a co-signer for a loan? Please note that this is a situation in which there may not be any other choice.

Riba
19 Mar

The question is not clear. Taking a loan in riba is prohibited regardless of the signer and co-signer.

Read more