ANSWER: If a person buys something permissible with a riba-based loan, he has to repent to Allaah, and there is nothing wrong with him keeping or making use of the permissible thing, and he does not have to sell it.
Read moreANSWER: This is not permissible as you did not see or possess the product and you aturhotized the bank to sell it for you and you don’t know whether they actually had a product to sell and then resold it on your behalf or this was just a game to lend you money with interest.
Read moreANSWER: If you assist people in paying off their interest based loans or reaching a settlement or rescheduling such loans or to enforce them pay off the interest and the likes, all such work is assisting on riba.
Read moreANSWER: This is clear Riba and it is not permissible.
Read moreANSWER: This is totally prohibited.
Read moreANSWER: This is totally prohibited as this fixed profit is riba and one of the major sins in Islam. Besides, you don’t know what they had used your money in selling or whether they sold anything or simply deposited and took interests on it from a bank.
Read moreANSWER: In Islam, it is prohibited to sell what you don’t actually possess. You are bidding over a speculation of stocks that you don’t own! This is gambling and prohibited transaction. Some scholars say that one can buy it if the financing is less than 30%, but I couldn’t find any evidence on such an […]
Read moreANSWER: It’s totally prohibited and a major sin to work in any department of a conventional interest based bank and the income is totally haram, even if you work there only as a trainee. Interest money is riba which is one of the major sins in Islam for which Allah waged war against those who deal […]
Read moreANSWER: His income is haram due to the nature of his job. However, it is haram for him alone and he will be punished for it all. His family can live there and enjoy it as it is halal for them.
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