Riba

My father got bond for my daughter. are you allow to used that money for anything. what is the islamic ruling. such as buying car,for your srudy or get marriage.

Halal/Haram Matters, Riba

07 Feb

ANSWER: If this is interest based, this is prohibited but as a gift to your daughter, if you possess control over it, you must sell it and cash it in immediately and you can use the money in the interest of the daughter. shaikh i had purchased some prize bonds earlier.Now i want to sell […]

My parents use credit cards and nowadays everything can be done online, so they asked me to download the app and install everything for them and also to, sometimes buy sth. with it because they don’t know how to do it, am I sinful (they think it is necessary to have one in Germany)

Halal/Haram Matters, Riba

08 Nov

ANSWER: The sin is not upon you. If there is no other Islamic alternative or debit card, a credit card seems permissible if it is a necessity. As long as they don’t allow interest to accumulate and they pay off in advance or immediately, this is permissible.

I am currently a university student and every semester the school gives us 1 month to pay the tuition before it accumulates intrest. Every semester I pay the tuition on time but this semester I unknowingly missed a small portion of the tuition which has now accumulated interest. What should I do in this situation.

Halal/Haram Matters, Riba

02 Nov

ANSWER: It is prohibited to give late fee on delayed payments. However, if you had done that unknowingly, you must repent to Allah and never delay it again.

My deceased husband had taken an life insurance plan.We had paid an capital amt of INR 10 lakhs in 5 yrs.After his death i got 10 lakh extra on our capital amt.Are me my orphaned children allowed to use that extra money apart from our capital amt.

Inheritance, Riba

26 Oct

ANSWER: Yes, you can use it. It’s his inheritance and it must be divided among all his heirs according to shariah law. The person who has taken the Riba based insurance is sinful and not his heirs.

Is it permissible to have a credit card if the person; -Does not pay any type of fees/charges on it -Does not incur any type of riba on it -Pays full credit card balance every month.

Riba

23 Oct

ANSWER: If there is no other Islamic alternative or debit card, this seems permissible if it is a necessity. The problem is with signing an agreement approving riba if the grace period was exceeded.

In Pakistan,mobile companies give advance loan of 30 rs. They charge additional 3.5 rs in name of “service charges”(no explanation is given as to their nature). Is this riba? If yes,what should I do as i have currently taken it.

Halal/Haram Matters, Riba

06 Oct

ANSWER: No problem in this as its their service charge and it’s not Riba.

Sheikh, I took one credit card before 10 days which is a cash back credit card , in every use from this card, bank will give me (up to 5%) cash back money ! My question is, I took this card only to help poor people, whetever when I will get receive profit/rewerd in this credit card i will give all the money to poor people without any sawab from allah , so it will be a sin for me?

Halal/Haram Matters, Riba

04 Oct

ANSWER: What you have done is totally prohibited. It’s not permissible to get this if it’s not a necessity.

Can i buy something for my parents that they are really in need of with the haram money i earned previously? I want to get rid of the money & also want to help my parents.

Halal/Haram Matters, Riba

02 Oct

ANSWER: This is not permissible. Give it away to poor and needy muslims. If it’s stolen money, you must return it to the lawful owners.

I live in Sydney Australia. I am using Bank account here. When we save money into the account, they pay some percentage of interest fee to me. I have asked them not to pay me that amount, but they say they can not change it. Here, every Bank has the same policy and its the necessity here to use the bank account. In this instance what I can do?

Halal/Haram Matters, Islamic economy, Riba

01 Sep

ANSWER: No problem in this if you don’t have the option of current account and if there is no Islamic bank in your city. And if you get any interest from it, it’s haram money and you must dispose this off to poor and needy Muslims in order to cleanse your wealth, without anticipating any […]

My father has two tenants, a Muslim and a Hindu. Both gave some security money which is to be returned after deducting any due rent at the end of rent contract if not renewed. He kept this money in a bank account which generates around 0.5 percent profit annually. Is he supposed to pay zakaah on this security amount?

Riba, Zakat

28 Jul

ANSWER: No, as this money is not his yet. It is there for safekeeping. He must take the interest and give it to muslim charity.

More..