Riba

It is not permissible to pay interest to a loan. This is Riba and it is a major sin. But if a person is going to be arrested if he didn’t pay it, he has to pay it and seek Allah’s forgiveness. It is not permissible at all to initiate or request such a loan […]

You should not give him cash. You should buy his family the food they need or the medicine but not give him anything in cash.

This depends on the companies – whether they are dealing in Riba or not – and it depends on the method of buying and selling. If one buys straight with his own money in companies that don’t deal in Riba and the shares he bought are his forever, trading in such shares is permissible.

If it is voluntary, this is not permissible to participate in it.

Any interest taken over a loan is Riba and it is forbidden. Such a loan on mortgage is forbidden.

If it is connected to a Kafir feast, I would recommend that you give it to charity unless you are in need of it.

The system works like this: The house owner receives a previously decided amount from the one who needs the house. He then stays at the house of the owner for a period (definite or in defenite) without paying anything thing else (no rent). When the house owner asks him to vacate or when the other […]

Dealing in shares Many Muslims invest in stocks (stock market). The argument is that, since there are risks where one can lose or gain, that it constitutes doing business so long as one does not buy stocks on the margin or be involved in direct interest bearing investments. Please explain the limits of investing in […]

It is not permissible to trade in currency except if the transaction is done on the same spot and time by giving the money and receiving it hand by hand at the same time. In Forex, you need a day or two before you can cash your money, if I am not mistaken.

It is not possible to explain in detail. These Islamic banks have a Shariah board and they advise them with what is permissible and what is not.