Riba

My husband was in a need of money few months back so he use credit card for around 2 lakhs.now he did not have money to pay back has he last few pervious debts. His salary is geting finished in the previous debt. So he want make a settlement with bank by not paying they back for few months a settle it for half of the amount. Please help us solve this.

Riba

07 Mar

ANSWER: First of all it’s not permissible to borrow money via the credit card as it is based on riba. I also presume the his previous debt is also riba based! What help is he looking for if he keeps fighting Allah by indulging in this major sin?

Why is it that working in a non-Islamic bank is prohibited even when one’s job does not at all, in any way whatsoever, involved or help the bank in their practices of riba? How can things like giving/taking people cash or exchaning currency be prohibited?

Jobs, Riba

05 Feb

ANSWER: You are helping them in their work where if no one worked in such a position, their work wouldn’t be complete! By your logic working as a receptionist at a brothel or a bar is perfectly fine!

How is one supposed to survive in this day and age without a bank account?

Riba

31 Jan

ANSWER: You must open an account in an Islamic bank but if there’s no Islamic Bank in your city then you should open a current account that does not give interest but if this is not possible then in this case you can open a savings account due to necessity in the conventional bank which […]

I have received quarterly interest in salary, last time I remember very well I throw interest in the river. Would this money be helpful to someone in need?

Riba

17 Jan

ANSWER: Why would you do something like that?! You should take that interest money and give it to poor and needy Muslims. The interest money is haram and you must dispose this off to poor and needy Muslims in order to cleanse your wealth, without anticipating any reward for it. You cannot benefit from it nor […]

Is it permissible for me to work as an application specialist in an audit firm like ….?

Jobs, Riba

21 Oct

ANSWER: If this is a financial institution that is based on riba and giving consultancies to firms dealing in riba, working in such a firm is totally prohibited.

sheikh pls I want to ask if investing in an agricultural and livestock business that gives you 20% of your investment every month.and when you want the amount you invested you’d just inform them 3months before the time and they would refund your initial amount. I want to know if this is halal.Because of the amount given to you monthly.Thou it is strictly livestock and agric product

Riba

18 Sep

ANSWER: This is totally prohibited because it’s riba. You must not invest in a business that only gives you profit and a fixed rate every month. You must be part of both profit and loss as this kind of investment is permissible in islam.

Can i buy my cats pet food with interest money of bank? Is this right or wrong?

Riba

14 Sep

ANSWER: This is not permissible as the interest money is haram and you must dispose this off to poor and needy Muslims in order to cleanse your wealth, without anticipating any reward for it. You cannot benefit from it nor buy gifts for your family and friends with it.

Sheikh I am a fresh graduate doctor and recently want to apply for a job in a government bank as a medical officer.My job doesn’t concern dealing with riba or being a witness to it in sha Allah.My duty would be to provide emergency service to the employees.Will my earning be halal or would Allah punish me?

Jobs, Riba

07 Sep

ANSWER: It is not permissible at all to work in any department of a riba based bank as this is collaborating and assisting in evil and the income would be haram as well.

A person is financially very low.His mother is admitted in hospital and needs immediate surgery for her to survive orelse she will die.But he has no enough money to do the surgery.And also his friends,family support is not that big.The only source he can get money is through bank loan with riba.He has no source except this.What should he do.Should he get the loan and do surgery or let his mom die

Loans, Riba

01 Sep

ANSWER: This is an issue of dispute. I am inclined to the opinion that prohibits this as surviving after the surgery or medication is not certain and riba is a major sin.

It’s really hard these days to finance further education. If parents are short of funds, students are forced to take student loans which they can pay after completing their education. What can one do to avoid interest in such loans?

Halal/Haram Matters, Riba

01 Sep

ANSWER: It is prohibited to take such loans no matter what the reason is.

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