Business & Finance · Subtopic
Interest (Riba) & Banking
1,723 fatawa from 9 South African Darul Iftas on Interest (Riba) & Banking, part of Business & Finance. Newest first; every fatwa links to the page where its Darul Ifta published it.
Subtopics are grouped from each Darul Ifta’s own categories and the fatwa titles, so the count is approximate.
By Darul Ifta
Interest (Riba) & Banking fatawa — page 10 of 44
- Mufti Online6 Feb 2020
Using interest money to pay for surgery
Can someone who is sick and needs money for surgery take interest money credited in his account by the bank for such purposes?
Mufti Ebrahim Salejee - Mufti Online6 Feb 2020
The ruling regarding opening a bank account
What is the ruling regarding opening a bank account?
Mufti Zakaria Makada - Ask Imaam5 Feb 2020
Working in the IT department of a bank - Will my income be Halaal?
Assalamoalikum, After going through several fatwa related to working in bank, i found out it entirely depend on what you are actually doing there,…
- Ask Imaam4 Feb 2020
Is it permissible to rent out ones property to the bank & ATM?
Is it permissible to rent out the property to the bank and ATM ?
Abrar Habib - Mufti Online4 Feb 2020
Gift received from a bank manager
If a bank manager gifted me a bottle of attar (perfume), is it permissible to use the attar? I love using attar, please guide me. If not, then what…
Mufti Ebrahim Salejee - Ask Imaam1 Feb 2020
Is it halal to work for a software company while the parent company is a Bank?
I have a software engineering job offer from a company “A” which makes a software product (point of sale) used by small and medium businesses like…
Mohammed - Mufti Online1 Feb 2020
Claiming from an insurance for damages equal to the premiums paid
I hail from India. I have purchased car insurance by paying yearly premium of amount 6ooo. Can I claim insurance for damages equivalent to the…
Mufti Ebrahim Salejee - Mufti Online1 Feb 2020
Interest bearing student loan
I have been told that student finance is permissible even with the inclusion of interest. The Moulana has said that it has similar rulings to car…
Mufti Ebrahim Salejee - Mufti Online1 Feb 2020
Purchasing a car on interest
Person A has said that for a self employed person who has to declare his profits at the end of 1 year in the UK, it is jaaiz for him to purchase a…
Mufti Zakaria Makada - Ask Imaam27 Jan 2020
Using interest money for repelling oppression - Is this Permissible?
I purchased a phone from person A who had purchased from person B(phone was taken on contract by person B). A few weeks later person B contacts me…
Mahmood Suliman - Ask Imaam26 Jan 2020
Poor and needy using interest money - Is it permissable?
السلام عليكم ورحمة الله وبركاته I have a cousin brother who is Muslim but since there is not source of income since his father has passed away they…
- Mufti Online26 Jan 2020
Working in a bank
I want to ask that I am working in audit firm and currently I have to audit different clients. Currently I am in bank audit. Can I drink water from…
Mufti Ebrahim Salejee - Mufti Online25 Jan 2020
Facilitating interest-bearing loans
I work in an organisation which is an entrepreneurship development institute. The organisation trains entrepreneurs, offers business development…
Mufti Zakaria Makada - Mufti Online24 Jan 2020
Working out the price of the car after ascertaining how the client wishes to pay
I am a car dealer. I am not involved in finance. However, I accept different forms of payment, such as cash, EFT and via a card machine. Is it…
Mufti Zakaria Makada - Ask Imaam21 Jan 2020
Paying interest into your own pension fund - Is this Halaal?
Asalaamu Alaikum, Loan on retirement account. I have a question on interest. In the company I work for we have a retirement account. This money…
Mudassir Benish - Ask Imaam17 Jan 2020
What is the difference between rent and interest?
Assalamualaikum I want to know the difference between rent and interest? Why one is halal and the other haram?
Ikraam Elias Gangat - Mufti Online15 Jan 2020
Vehicle and Property Financing
Is it permissible for one to purchase a vehicle or property through the bank? At times, the bank instalments are fixed, and at times, it fluctuates.…
Mufti Zakaria Makada - Mufti Online13 Jan 2020
Insurance Policies, Medical Aid and Hospital Plan
What is the difference between a service plan and medical aid, insurance or hospital plans? All seem to render a service to the person in case of…
Mufti Zakaria Makada - Ask Imaam9 Jan 2020
Interest money to pay online fraud transaction
As salamualaikum, Respected Mufti sahab, I had a fraud online transaction on my HDFC credit card for Rs. 31500.00 at Payu Payments – www.giftca on…
- Mufti Online9 Jan 2020
Alternative for charging a penalty on late payment
A person runs a business and sells goods to people on account. What provision does Islam have for this person’s security in terms of him getting his…
Mufti Zakaria Makada - Mufti Online25 Dec 2019
Raffles where a fee is charged
Is it permissible for one to enter into a competition where one is required to pay a fee and then stands a chance to win a prize? In the case where…
Mufti Zakaria Makada - Mufti Online22 Dec 2019
Investing in a commercial bank
I want to invest my savings in a commercial bank which is offering a profit rate of 10%-12%. It is to bring to your notice that the profit rate will…
Mufti Zakaria Makada - Mufti Online17 Dec 2019
Facilitating a “budget” credit card transaction
When our customers pay using credit cards, is it permissible for us to allow them to choose the “budget” option?
Mufti Zakaria Makada - Ask Imaam11 Dec 2019
What is the difference between rent and interest?
Assalamualaikum I want to know the difference between rent and interest? Why one is halal and the other haram?
Ikraam Elias Gangat - Ask Imaam11 Dec 2019
Is HBZ Islamic banking system Shari’a compliant?
As Salaamulaikum Muftisaab, I have various family monies which need to be placed in a bank account by the 4th of September. The monies are currently…
Abdullah Noorgat - Ask Imaam10 Dec 2019
Can i eat from a non-Muslim’s interest money?
If a non muslim invites to me at his house for dinner during a marriage ceremony of her daughter .and i am 60% sure that he might surely be taking…
Mudassir Benish - Mufti Online18 Nov 2019
Disposing of interest money
How should interest money be disposed of? 1. Is tamleek (passing of ownership) necessary i.e. does it have to be given to an individual person or…
Mufti Zakaria Makada - Ask Imaam16 Nov 2019
THE DIFFERENCE BETWEEN DISCOUNT AND INTEREST
My normal selling price of an item is R100. Customer is told if he pays within 30 days from statement, or before a certain period, he could take a…
Bilal Yusuf Pandor - Ask Imaam8 Nov 2019
We have a system that makes 40 % of the loan into a scholarship. Will i fall in interest?
As Salamu Aleikum Sheikh I was just wondering about something related to student loans. In Norway we have a system that makes 40% of the loan into a…
Akhyar Uddin - Ask Imaam8 Nov 2019
Can I use interest money for my son’s tuition?
Can I use interest that has accumulated from the savings in my bank account($40000) to pay for my son's university tuition($35000)? I own my house.…
Akhyar Uddin - Ask Imaam4 Nov 2019
Can i Work as a business system analyst in an investment bank?
I work for an Investment bank as a Business System Anslyst and my role is to gather business requirements and perform analysis for softwares that…
Mudassir Benish - Mufti Online30 Oct 2019
The shar'ee ruling regarding medical aid and hospital plan
I recently read an article which claims that it is permissible for a Muslim to take out a medical aid contract. The article explained that if a…
Mufti Zakaria Makada - Ask Imaam29 Oct 2019
Can I pay zakat with my husband’s money who is working in a riba based bank?
Assalamu alaikum. I have gold jewellery gifted by my parents at my wedding. I haven't paid zakaah on it for many years now and I intend to pay it…
Ikraam Elias Gangat - Mufti Online28 Oct 2019
Charging a loan process amount
When giving a loan without interest, we charge a loan process amount. Is this haraam or not?
Mufti Ebrahim Salejee - Ask Imaam21 Oct 2019
Can I work as a Database Administrator for a bank?
Assalaamualaikum Mufti Sahab, May Allah reward you for sharing the knowledge and enlighting our lives with knowledge of deen. Mufti sahab my…
Mirza-Zain Ibn Ameer Baig - Ask Imaam19 Oct 2019
Can I Deposit money in a conventional bank account?
Salam, What is the ruling on opening a current account in riba-based banks if one does not take the interest that is paid on it? A current account…
Abu ‘Umar Muhammad bin Zayn Patel - Mufti Online19 Oct 2019
Third party insurance
A person wishes to take out third-party insurance. He claims that this form of insurance is permissible because the insurance company will not pay…
Mufti Zakaria Makada - Mufti Online14 Oct 2019Roman Urdu
Software company me kaam karna jo banks ke liye bhi software banaati he
Aisi software company me job karna saheeh hoga jo banks ke liye software banati ho. Banks ke ilawa hospitals aur doosri companies ke liye bhi…
Mufti Ebrahim Salejee - Ask Imaam12 Oct 2019
Investing money with a partner involved with interest.
Assalamu alaykum If I wanted to lend a small amount of money to an investment professional whereby my money is insufficient for a particular halal…
Akhyar Uddin - Ask Imaam9 Oct 2019
Interest in a non-Muslim country and Getting rid of interest
Assalamualekum, I am a muslim from india. In india we have only interest based bank accounts. Since many years i am getting interest over my savings…
Shakib Alam
Read-only index of fatawa already published by South African Darul Iftas, each linked to its original. Not a fatwa service — for your own situation, ask the issuing Darul Ifta.