Riba

Sheikh, I distribute my interest money to the poor.I keep them separately. I want to give some interest money to a poor person who lives in a different city. Now can I transfer a certain amount of my halal money to that person from my bank account with an intention to give him from the interest money and take the same amount of interest money which I kept at home for personal use?

Riba

17 Nov

ANSWER: No problem in this as long as you give away the exact amount or more.

Sheikh,Here in India current banks are offered to businessmen and almost all accounts are with riba. There is a bank offering no interest account but its quite far from my home. I contacted banks but they won’t give me current acc. Can I make use of saving acc and donate interest?

Riba

13 Oct

ANSWER: No problem in this if you don’t have the option of current account and 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 reward […]

I have gained profit from FDR. I know that if I use the money it will be as I’ve consumed riba but can I use that money to help someone perform Umrah or for their treatment and also donate in madrasah ?

Riba

12 Oct

ANSWER: No, it’s not permissible to give this interest money to him to perform Umrah. Give it to real needy poor muslim who would use it to pay off their bills or buy medication or food with it.

Our taxes are deducted from source from our salary without my consent. I don’t opt for any investments in bank . However, I do have a salary account on which there is a quarterly interest based on the amount in my account.i talked woth some local miftis nd they said i can accept this interest as long as it is less than amount of tax deducted with niyyah that my interest is going out as tax paid

Riba

09 Oct

ANSWER: No. Using the Riba amount for your convenience is not permissible. Remove the amount and give it to the poor and needy.

Sheikh My father want me to take loan and repair house and he have some debt to pay so he force me to do or else he will not talk and he will not allow anyone in family to talk me and my wife .I tried a lot to understand but he don’t and he know about riba and punishment. What should I do Sheikh?

Fiqh of the family, Riba

17 Sep

ANSWER: It is not permissible to obey your father in this case, as Riba is a major sin and Allah curses those who deal in it. No problem if they all boycott you, you can go on being good towards them and they will eventually be back to normal. You must remain steadfast on Islam […]

Shaikh In a village there is no ATM facility,so people transfer money from mobile using apps to one person(agent) (he does this for earning) and in place of that agent give cash to that person,so this person(agent) take some money 10 or 20 for giving them cash without going far place to get it,they either take 10 or 20 extra or they give them 10 or 20 less! what is the ruling?

Halal/Haram Matters, Riba

28 Aug

ANSWER: No problem in this as he is taking service charges.

Honourable sheikh it is said that one who pays, receives and bear witness to payment of interest is equally sinful. My doubt is who all are included in the witness. If I’m an accountant of a company (not a bank) will I be sinful for preparing the accounts of my company.

Jobs, Riba

19 Aug

ANSWER: Yes, you will be sinful and it’s a major sin. https://islamqa.info/en/answers/112175/ruling-on-working-as-an-accountant-in-companies-institutions-and-factories

We have certain stores that allow to convert our credit card based purchases into monthly installments without interest. However, in order to convert, a one-time fee applies. Is this fee permissible? I hear from people that this is interest in disguise so I want your clarification on this.

Riba

21 Jul

ANSWER: This is riba as it is an interest occurring over a loan.

Can i use the interest amount(riba) for donations only in college for higher education i am not talking about fees i am asking only about donations… for eg in medical college the donation starts at 40lakh but we cant afford….so can we use interest amount for donation purpose only??

Halal/Haram Matters, Riba

26 Jun

ANSWER: The question is not clear. A donation is something that people do voluntarily and not obliged to do it! How can you be forced to give donations? You can’t use your own interest money in paying it.

In Islam, riba is prohibited, due to family circumstance one of my close relative have some debits, he took few loans in banks and paying interest. They are living nearby my home, and I frequently visit their place, whenever I go to their house they provide something to eat and drink. Is it haram to eat and drink in their home or I can eat the food.

Halal/Haram Matters, Riba

23 May

ANSWER: No problem in eating there. The sin of such earnings is the one earning it and it is halal for everyone else.

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