Riba

QUESTION: Previously,I didn’t knew that we cannot pay bank charges like maintenance fees using the interest money. Now I don’t remember how much of the interest money I used to pay charges or did I even actually use them to pay charges or not as the bank usually cuts off the charges automatically. I only remember that I gave the interest money in charity. What to do now?

Riba

20 Jan

ANSWER: You must estimate an approximate amount and add a little more to be on the safe side and give it to poor and needy Muslims.

QUESTION: I know that a bank isn’t 100% islamic and I have two options. Current account (they deduct some charges), Savings account (they don’t deduct any charges,free debit card and give profit). Can I choose the second one and donate the profits?

Riba

10 Dec

ANSWER: If you have the option for current account, you MUST opt for it instead of savings account because dealing in riba is a major sin for which Allah has waged a war against people who deal with riba. Savings account is permissible for people who don’t have Islamic banks in their city and they […]

QUESTION: I am from India and have some accumulated bank interest, which I understand doesn’t belong to me but to the public. I usually dispose of it through public utilities like roads or wells instead of giving it to individuals. Is it permissible to give this interest money to help the people of Palest*ne?

Riba

14 Nov

ANSWER: Yes, it is permissible and one of the best ways to get rid of such haram money.

QUESTION: If after fixing payment or giving payment me as a customer requests owner for a free refil or extra in case of food stalls and owner gives me, will that extra be considered riba too

Riba

07 Nov

ANSWER: No, this is not riba!

QUESTION: Is it permissible in Islam to invest in a gold scheme where customers can purchase jewellery at either the pre-booked gold rate (against advance payment) or the invoice date rate, whichever is lower? If not, should I withdraw my money or buy the jewellery?

Halal/Haram Matters, Riba

30 Oct

ANSWER: This is absolutely prohibited and you must immediately withdraw your money!

QUESTION: I work as a freelancer for a company whose HR and payroll are managed by a 3rd party company. This company allows me to receive part of my salary in advance before the actual payday, but they charge a small service fee for it. On payday, they deduct the advanced amount and pay the remaining balance. Is this permissible, or does it count as riba?

Jobs, Riba

18 Oct

ANSWER: This is riba & not permissible.

QUESTION: Here it is cultural norm to round up the debt amount at Payback or round off as the lender. No stipulations were made before. Example: My mum buys groceries for me 19.36€, i give her 20€ back. Or she payed 20.27€ then she says just give me 20€. This is usually done cause it’s easier or out of shame cause it can be seen as stingy to count every cent. Is this Halal?

Halal/Haram Matters, Riba

16 Oct

ANSWER: No problem, as long as there was no prior agreement of giving these extra cents

QUESTION: I have recently started to practice islam. I noticed that my job slightly deal with riba. Now do i have to immediately left my job? Or can I search for Allah’s mercy means a halal sources of income whille working my current job? With a strong niyah to left my current job as soon I manage other halal source?

Jobs, Riba

10 Sep

ANSWER: If your job involves taking or giving riba for certain, you must resign immediately and trust Allah to substitute you with a halal job

QUESTION: I have a savings account. Bank cuts some tax+bank charge & adds some interest. Monthly I subtract tax+bank charge from Interest amount (basically the extra money in my account that I didn’t put). I give it away to needy monthly, tell him that it is not sadqah but interest money. Is it OKAY as per Shariah? Or should I give the full interest money & I pay tax+bank charges from my saving?

Riba

15 Aug

ANSWER: It’s not permissible to pay the tax + bank charges from your interest money! You should not tell the people you’re giving that it’s interest money, charity or zakat! Simply give without telling anything!

QUESTION: My question is that there is an app which allows you to pay in installments but then the price become slightly higher than the original price. Is it considered as interest too and is it impermissible?

Halal/Haram Matters, Riba

09 Jul

ANSWER: If the price is fixed and you are buying from the owner and there isn’t any way that the installments would increase more than what was agreed upon initially, this is permissible. But if there is a 3rd party that is doing the financing or the price would go up if you are late […]

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