Riba

My bank is offering me cash back for simply using my debit card, I can receive 1% of the money I spend using my debit card every month. This is the money from my wages not credit from the bank. I do not receive interest for the money in my accounts, the money my monthly wage only. I wanted to know is it permissible for me to accept the cash back?

25 Aug

This is not permissible as the money in your debit card is actually a loan to the card company and you are getting it back when you buy things with It! The cash they are giving you back is interest money!

i am the only revert in my entire non muslim family who are hindus and they have no intention of accepting islam whatsoever, can i give money (interest on the savings in bank) to my relatives?

Riba

11 Aug

This is permissible.

I have two questions; 1. According to Sheikh Yusuf Qardhawi, a muslim living in North America can buy a house for personal use using Riba based financing if there is a “Dharoorah”. Please give your opinion on this. 2. There is a prevalent thought that one can divide his wealth amongst his heirs according to Islamic inheritance law during his lifetime to avoid any dispute and to save his heirs the difficulty involved in managing the inheritance division. Is this permissible or not?

Riba

04 Aug

I only answer for one question per email. This is wrong and not permissible! One might as well say that fornication and Zina is permissible there in the grounds that marriage is too expensive!

I want to buy a car but on installments, i-e on lease. So does it involve any Riba?There are many Islamic banks that claim that their lease system is without any interest. i heard one mufti say that the extra money you are paying is for car a thing but not on the money, what are your thoughts on it? Like the car is of 10k dollars but on installment i am paying total 12k dollars which is fixed. Your thoughts on it?

Riba

14 Jul

Lease to own is not permissible as there are no guarantees after paying everything except one installment, if the car was burnt by an accident and the insurance paid for a new car, the company will not give you the new car and will tell you that you were leasing and send you away with […]

Can we use interest money in emergency situations like submission of school fees and later after earning can we dispose off the interest money? (We do not have enough halaal money available at the moment but we do have property which can be sold.)

Riba

28 Jun

You don’t need to sell the property as then you would not have a place to live in! As for the interest money, some scholars say that if a person is in real need to the extent that zakat may be given to him, he can use that interest money just for emergencies, and Allah […]

i would like to know that if a person is given interest by his bank what should a person do with this money.

Riba

13 Jun

He can give such money to Charity

In India I struggled harder to open an interest free current account. One brother argued that while your intention is clear not to utilize interest why you are struggling too much. How to give him a convincing reply. Please comment.

Riba

11 Jun

You are doing what Allah ordered you and that is not to deal with RIBA! She a person takes RIBA intentionally and give it to the poor, at the side of Allah, he is dealing in RIBA!