Riba

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.

My family is forcing me to do education on riba based loan. I refused to do so. My mother started crying and said she’s dead to me. Everyone is elder and they are forcing me to do it. They don’t follow the Shaira rules and said to me you don’t know about life. Please I need advice what should i do.

Fiqh of Marriage, Halal/Haram Matters, Riba

14 Jul

ANSWER: Remain steadfast on Islam and don’t be intimidated or pressured as pleasing people while displeasing Allah would cause your failure and destruction in this life and in the hereafter. Do not compromise Islam for anyone, even your parents but be dutiful to them and respectful while holding your grounds.

My brother wanted to buy a house with mortgage, and since he had bad credit score he asked if i would become co-borrower. I agreed considring with my credit score it would reduce his interest rate on the mortgage. Note, i do not own the house, and i do not pay mortgages rather its fully his and i am just a co-borrower on paper. My question is whether am i sinful in helping my brother buy a mortgage

Halal/Haram Matters, Islamic economy, Riba

29 Jun

ANSWER: Of course you are totally sinful for signing on such papers and a partner in Allah’s curse to him and to you, equally!

I work as an advertiser for a real estate agent here in America and my job is to bring him clients that want to buy homes. One of the questions I ask the home buyers is “if they’re approved for mortgage by a lending company. As it is know here in America usually home mortgages are riba based. Am I sinful for asking these questions? I’m not involved in the loan paperwork.

Halal/Haram Matters, Jobs, Riba

24 Jun

ANSWER: Yes, you’re sinful and it’s not permissible for you to ask such questions nor be involved in any way in these riba based haram transactions.

If a person studied a course by taking a loan with ribaa and if he gets a job will the job and the income is haram?

Halal/Haram Matters, Jobs, Loans, Riba

01 Jun

ANSWER: He is definitely sinful for this Riba based loan which is a major sin but his job and income is permissible if the company and his job description is halal.

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