Riba

If i keep money in saving account in Canada i won’t have to pay tax to the goverment, but if i keep in current account then every year there is a annual tax on the amount. If i take the interest from saving account and donate it without using any of the interest for myself, is there any sin on that? what’s your advice?

Riba

29 Apr

ANSWER: Yes, you are sinful in case you have the option not to get riba but you choose to get it.

Sheikh i had an savings acc since riba is haram I decided to close my acc. I took only the money which I deposited and left the interest money in it.If we dont use the bank account for certain period it gets inactive. Its been more than 2 or 3 years allahu alam. I havent closed it legally should i do it or let it be.Anyways i dont use it anymore? Forsure Acc would hv been inactive

Riba

22 Apr

ANSWER: You should not have left the interest money in your account, you must take it and give it to poor or needy muslims.

I told one person that if u have accumulated riba then give this money like into a fine for example if u got a parking ticket then can a person pay riba money towards that ticket? Did i advise him wrong he knows riba is wrong but i thought is that way fine to get rid of riba money? If im wrong what shud i tell him now?

Riba

20 Apr

ANSWER: You were totally wrong in advising him without knowledge! The interest money must be given away to Poor or needy Muslims, in order to cleanse your wealth from haram money, not to benefit from it! You must tell him you said that out of ignorance.

Can a lady who is poor and husband bedridden and her daughter getting married the Sunnah way,can one give her interest money to help in her marriage whatever little expenses she may need as One has been given a lot of interest money to distribute to poor of a person who died?does not have pure money.Please reply.

Riba

12 Apr

ANSWER: Interest money must be given to Muslim charity in order to cleanse ones wealth without anticipating any reward from it. If they are classified as poor or needy, this is permissible.

Shk,the relatives family stays in v.old home in village,house may come down this monsoon,as cndtn of house is v.bad.He took loan to built new house.my aim is to relieve fm burden of loan.i’m asking again as I couldn’t conclude what to do after reading the reply you sent earlier.kindly pls let me know what can I do.I know I won’t get ajr,I intend to avoid he getting into loan/interest vicious cycle

Dealings and Attitudes with Relatives, Riba

10 Apr

ANSWER: If he took this riba based loan and now he is remorseful and shows sincere repentance to never do this again, you can help him pay it off. But if he is not remorseful, you must not give him anything as this would encourage him and others to take such a riba based loan.

I work in a bookshop.A man from a bank comes to us and sells “change money”.For our customers we need change money. He takes 1020 taka for 1000taka. My question is, is it halal what he is taking from us or we are giving extra 20 taka per thousand “change money”?

Riba

10 Apr

ANSWER: This is not permissible at all as it is riba which is totally prohibited in Islam.

I live in India n here r no Islamic banks.My husband wants to buy a house for me n my daughter bt saving money n buying a flat will not be possible until we r old n retired frm d job.taking loan is prohibited in Islam.so wat should we do?is there no solution to fullfill our need for a house?

Riba

30 Mar

ANSWER: You can take halal loan from family or friends or you can live in a rented apartment but must never take interest based loan as this is totally prohibited.

I live in America I want to buy home? Is interest prohibited for to

Riba

22 Mar

ANSWER: Taking an interest based loan is prohibited.

My question is that can you give a commercial building of your own for rent to a bank ? Is it permissable ?because my father is a religious person and he is of the view that the principles or activities on which a Bank deal are prohibited in islam. So i need your guidence in this manner that would it be permissible to allow a bank to take your building as a rent or not ?

Riba

08 Mar

ANSWER: Your father is correct. If it’s a conventional riba(interest) based bank then this is totally prohibited because it’s assisting and facilitating haram. And Allah said in the Qur’an do not co operate each other in evil.

sheikh my father is involved in in riba since very long , we brothers have tried our level best to explain him. He says he is not using te money in food but in unnecessary things like electric bills and and other housebhold bills… what should we do how to make him stop this .. what is the ruling for it and is it ok to spend this money like this .

Riba

28 Feb

ANSWER: It is totally prohibited to take riba, in fact it’s a major sin. However the money he’s spending on his family is halal for them and the sin is totally on the father alone.

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