Riba

Thank you for your reply. So is the Ijara mortgage offered by HSBC or Al Rayan bank in the UK acceptable. I am not sure if they are implemented correctly.

Riba

07 Oct

I do not know if those banks implement it correctly! You must find that out yourself. If the client and bank go into a transaction, there must be a number of things made clear so that it wouldn’t be a trick towards avoiding RIBA. The client has two hats; an owner and a tenant. Therefore, […]

My friend he wan’t to buy a car for his business. If he want’s to take the car instant payment it will cost $5000. But if he wan’t to pay per month it will cost $6000 in 3 years. And with-in 3 years if he can’t complete the payment the bank will take the car. Is it riba.

Riba

24 Sep

This is a clear riba.

There is an Islamic bank in my country offering an option to own a home which they call Musharaka. u pay 10% deposit. n then u buy the 90% from them over 20 years at 11%. is this permissible?

Riba

23 Aug

If the client and the bank go into such a transaction, there must be a number of things made clear so that it wouldn’t be a trick towards avoiding RIBA. The client has two hats; an owner and a tenant. Therefore, after buying the property and it is registered in both their names, the contract […]

What is to be done with the interest money you receive?

Riba

21 Aug

You must get rid of it by giving it to Muslim charity in order to cleanse your wealth.

I teach tution to a student.his father works in a bank. The fee which i takes from student teaching is halal or haram.

Riba

02 Aug

It is halal as the sin is on him!

My father is a retired man. He has some money which he invested in saving certificates, there is a government organization in Pakistan which takes money from senior citizen invest it somewhere and give their investors a fixed amount of money. Is it usury?

Riba

26 Jul

It is riba, as the amount is fixed, so it is haram.

Being a public servant as teacher, I want to clarify about buying a salary. here in our community, there was my friend he buys a salary of our co-techeater. example, this month of July, a friend of mine asked to buy the salary of our coteacher with a percentage.the question, Is it part of Ribah???

Riba

04 Jul

Of course! He is exchanging money for money providing he gives it earlier

Sir I dont have proper knowledge about certain issues.For example if in a dealing a price is decided for something( service or item) and I give more money to him or ask him to keep the change after I give him money.Is that also Riba?Secondly if I ever committed a wrong in such transactions without knowing the ruling,have I commited a sin.

Riba

03 Jul

If you give it as a service fee and as a gratuity or tip, this is not riba.

Ya Sheikh. Please what is the Islamic ruling on fixed deposit accounts? Is it halal to invest in them to earn money? Thank you for your effort towards enlightening the Ummah. May Allah reward you.

Riba

03 Jul

Kindly refer to the following link(s): https://www.youtube.com/watch?v=t5AiANaHIhA

Is it permissible to give as sadaqatul fitr food both using a credit card?

Riba

25 Jun

It should be in the form of staple food, given to the poor. Using a credit card to buy it is permissible but the problem is in the interest that might occur if you don’t pay on time which is a major sin.

More..