Riba

sir my friend is asking money for this company project. he want to give 10 percen for my total amount i will invest.this is correct ?. or what i need to tell him. please clarify.

Riba

29 Mar

Giving profit from the capital invested is riba. The percentage agreed upon should be from the profit and not from the capital.

We have a business in fruit & veg sector and my dad take control of whole the business and the business deals with interest and it owes a lot money to people that we buy our stock from. Im currently working for my dad and but the business is under my name and i don`t have any control of the business and i cannot bring the business in a halal path and to pay our debts faster or to increase.

Jobs, Riba

22 Mar

You must diplomatically bring this issue your father’s attention and telling him that this cannot go on while it is still in your name because you don’t want take the burden of such a major sin.

is it permissible to use someone whose income is mostly haram as a co-signer for a loan? Please note that this is a situation in which there may not be any other choice.

Riba

19 Mar

The question is not clear. Taking a loan in riba is prohibited regardless of the signer and co-signer.

My friend’s mom was byforced by his uncle (Mothers elder br.) to sign his doc to get a Van on leasing facility… His mom didn’t really sign to get any profit…His mom was byforced to sign..She signed because she cannot break the blood relation..That’s all.. Now that uncle ,he is paying monthly..There r few months left to pay fully..

Riba

19 Mar

She is sinful.

sheikh.in bangladesh they have mobile banking.like i can send money of 10000 tk to another person via mobile through an account but that person can pick 50taka less than the amount i sent and this amount varies with the amount ex: 5 taka for 1000 taka.so the cut amount goes to bank.is that riba?

Riba

15 Mar

No, it is not as they are not lending you anything. This is their service charge.

From the banks to our saving account we are getting interest commercial banking , Can we take the money & give to non-Muslim or is it permissible to give to Muslims. If we are saying don’t give interest to our account the bank person may utilize.kindly provide your suggestion. I know it’s is prohibited for us I need a solution how to purify the money

Riba

13 Mar

You must give the interest to Muslim charity in order to cleanse your wealth.

Can we use interest money in our account to pay taxes on our properties in india. These property tax are excluding water taxes

Riba

23 Feb

No, as the interest money must be given to a Muslim charity in order to cleanse one’s wealth.

A good friend of mine wants to buy a property, but needs to take out a loan. The issue is however, there does not seem to be any Islamic financing available here in Singapore. Any thoughts on what is the best way to do this (using CPF etc.). Buying the property helps him with his citizenship application as well, which is another important factor to him.

Riba

05 Feb

Involving in any type of RIBA (Interest) is forbidden.

Shaikh, is it possible to buy a house in Canada in a halal way? Is there any way I can buy a house through conventional mortgage in a halal way?

Riba

15 Dec

Conventional mortgage is clear RIBA. One is better off paying rent till the rest of his life rather than getting involved in such a major sin.

I have received Provident Fund from my ex-organisation which also contains some interest amount. Now, I want to get rid of interest amount. How could I get rid of that interest amount?

Riba

13 Nov

Give it in charity

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