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 11 of 44
- Ask Imaam8 Oct 2019
Interest money for bank charges
as salaamualaikum recently I discovered that in a lawyers practice there are three accounts business account-this is used for daily running of the…
Ahmed-Ur-Rahmaan ibn Mufti Mohammed Patel - Mufti Online8 Oct 2019
Disability insurance
Is an income benefit/provider insurance policy allowed whereby one will receive an income if disabled and cannot work. At the age of retirement the…
Mufti Ebrahim Salejee - Mufti Online6 Oct 2019
Receiving a discount when paying with one's credit card online
An online store offers a discount, say 10%, if the buyer pays using a credit card. The discount is not available if the buyer pays using other means…
Mufti Ebrahim Salejee - Mufti Online3 Oct 2019
Interest money
I want to apply to study in Canada and for this purpose I need a GIC certificate. A GIC is an account which I will open in a Canadian bank to show…
Mufti Zakaria Makada - Mufti Online2 Oct 2019Roman Urdu
Hifaazat ke liye paise ko bank me rakhna
Islam me sood lena aur dena mana he. Isi liye bank me paisa rakhna bhi gunah he. Mujhe saving ke liye halal tariqa bataye.
Mufti Ebrahim Salejee - Mufti Online2 Oct 2019
Donating interest money to a madrasah
My bank credits me every quarterly with interest money in my account. What can I do with this amount? Can I donate it to any Islamic madrasa? If…
Mufti Ebrahim Salejee - Ask Imaam1 Oct 2019
Al-Rayyan Bank Finance Schemes
As Salamu Alaykum Wa Rahmatullahi Wa Baraka'tuh Shaykh, I had a question regarding halal Mortgages. Nowadays we see a lot of 'Islamic Banks'…
Bilal Yusuf Pandor - Mufti Online19 Sep 2019Roman Urdu
Bank se discount milna
Satisfy your food cravings with 40% off on Foodpanda when you pay with Meezan Bank Debit Cards. Kiya is tarah ke discounts debit card ke jaiz he?
Mufti Ebrahim Salejee - Ask Imaam17 Sep 2019
The stigma of savings bank
Salam Mufti Saab,Was hoping you could help guide me in the right direction. Question: When storing your money in a financial institution…
Hasan Abdur Razzak - Mufti Online17 Sep 2019
Profits from a bank account
Please can you assist with the following questions? 1. I have a *hajj account* as well as a *cheque account* with Al Baraka bank. The amount grows…
Mufti Ebrahim Salejee - Mufti Online16 Sep 2019
Purchasing shares in a bank
Is it permissible to have shares in banks intending to derive dividends only from bank charges income even though the money is mixed?
Mufti Ebrahim Salejee - Ask Imaam15 Sep 2019
Working in a bank as a tax advisor/consultant
Assalamualaikumwarrahmatullahiwabarakaatu, I wanted to query if they are any exceptions in regards to working for a bank. We’re currently not…
Abdullah Noorgat - Ask Imaam14 Sep 2019
Credit card cash Advance
Assalamu-alaikum Mufti saab, My question is about credit card bank offering certain loan in cash or purchases based on certain fees for facility…
Hammad Ibn Ismail Jogiat - Ask Imaam14 Sep 2019
0% Credit cards
Please advise if the following situation would be permissible in Islam- There are 0% money transfer credit cards that allow you to borrow a fixed…
Ahmed-Ur-Rahmaan Ibn Mufti Mohammed Patel - Ask Imaam10 Sep 2019
0% interest in EMI
Assalamualaiakum, My credit card is offering to book air ticket for 0% interest in EMI for 3 months. The clause says "Interest will be charged and…
Akhyaar Uddin - Mufti Online10 Sep 2019
Big Sweep gambling
My question is about gambling. In my country, we have something called Big Sweep. How to play: 1. Buy a ticket at $3 each. 2. Draws on every first…
Mufti Ebrahim Salejee - Mufti Online8 Sep 2019
Disposing of interest money and money from cashbacks
Where can I spend bank interest money, cashbacks, etc.? Can I donate this money to charity?
Mufti Zakaria Makada - Mufti Online8 Sep 2019
Paying back an interest loan or delaying it until it is written off
My question is about the UK student loans. I took out the loan to go to university not knowing back then that it was haraam. The UK student finance…
Mufti Zakaria Makada - Ask Imaam5 Sep 2019
Gatehouse Bank Shariah Finance
Assalam alaikum wa rahmatullahi wa barakatu. I am wanting to purchase my first home as currently living on rent. I have more than half the amount. I…
Bilal Yusuf Pandor - Ask Imaam4 Sep 2019
Are cash backs and rewards received through Credit card and E wallet permissible?
Assalamualaikum I have a question on cash back on purchase, the cash back is given by the E-wallet or credit card company not by the seller.Is it…
Naved Akhtar ibn Shabbir - Mufti Online4 Sep 2019
Paying off a bond with someone's interest money
Person A has a bond on his home (home loan). Person B has interest money. Can person B give this interest money to person A to pay off his bond.
Mufti Zakaria Makada - Mufti Online4 Sep 2019
Cash backs and discounts when using a credit card
A few months ago, a technology company that makes and profits off smartphones and other devices (Apple) partnered with a US bank to offer a credit…
Mufti Zakaria Makada - Mufti Online29 Aug 2019
Charging a service fee for lending money
Is lending money by a Muslim for a standard service fee halaal? If not, what is the permissible way of a Muslim lending money?
Mufti Zakaria Makada - Mufti Online27 Aug 2019
Is maintaining a friendship after taking a loan interest?
A person agreed with another person to lend some money and in exchange they will continue their friendship relationship. They have been friends for…
Mufti Ebrahim Salejee - Jamiat KZN26 Aug 2019
Why is Riba – Interest/Usury Prohibited in Islam?
Please provide the reason of why interest is haraam
Mufti Moosa Salie - Mufti Online25 Aug 2019
Investment that accrues interest
I am investing with a group but the investment attracts 3% interest. I know interest is haram. If the investment makes a profit and my share is…
Mufti Ebrahim Salejee - Ask Imaam23 Aug 2019
Are Islamic credit cards halaal?
Is this Permissiable to get cash on islamic credit card with profit rate and paid in 12 months
Nadeem Moulana - Mufti Online22 Aug 2019
Disposing of interest money in one's bank account
I have a savings account in a bank in India. Every 3 to 6 months different amounts of interest money is credited to my account. 1. Can I give this…
Mufti Ebrahim Salejee - Mufti Online20 Aug 2019
Doing research on banking and the financial sector
Is it permissible in Islam to research banking and financial sector? I am currently researching how bank management and governance structures…
Mufti Ebrahim Salejee - Mufti Online5 Aug 2019
Claiming from the UIF Fund
Is it permissible for an employee to claim from the UIF Fund or is it like an insurance plan? Kindly explain the status of this fund.
Mufti Zakaria Makada - Mufti Online4 Aug 2019
Helping someone in financial problems with haraam money
I have a friend who is in financial trouble, he has to repay a huge amount of a loan. I know one person who has won some money in a bet, he wants to…
Mufti Zakaria Makada - Mufti Online31 Jul 2019
Receiving a prize in a lucky draw from a bank
I am living in United Arab Emirates (Abu Dhabi). Here, there is a scheme available in the Banks by the name of "National Bond". In this scheme, I…
Mufti Zakaria Makada - Mufti Online28 Jul 2019
Assisting someone pay off an interest bearing loan
My father bought a house through the bank on an interest bearing bond. He got into financial difficulty and needs my help to repay the loan. If I…
Mufti Ebrahim Salejee - Ask Imaam17 Jul 2019
Santander bank. Working in the IT team
Assalaam alikum, I know this question has already been asked. I work for myself (a limited company) and have a contract with an agency which places…
Mahmood Suliman - Ask Imaam17 Jul 2019
Riba in Dar al-Harb
Al Salamu Alaykum Wa Rahmatullahi Wa Barakatuhu. As I have read somewhere, Imam Abu Hanfiah (rahimahu Allah) sees that dealing with interest or such…
Muhammed Shafi - Ask Imaam17 Jul 2019
Standard Bank Finance Lease Vehicle
As salaamu alaykum Standard bank offers a finance lease vehicle finance where at the end you may return the car, take ownership or extend the lease.…
- Mufti Online1 Jul 2019
Leasing one's property to a conventional bank
Is it permissible to lease one’s property to a conventional bank?
Mufti Zakaria Makada - Mufti Online30 Jun 2019
Bank reimbursing a service fee
A bank in the US is offering an automatic reimbursement of foreign ATM fees on their checking account. **The reimbursement is in the form of cash,…
Mufti Ebrahim Salejee - Mufti Online23 Jun 2019
Disposing of interest money accumulated by a body corporate
I would like to query the issue below: I am part of a body corporate of a complex based. The body corporate has been in place for about +/- 12 years…
Mufti Ebrahim Salejee - Mufti Online22 Jun 2019Roman Urdu
Bank se paise waapis karna
Mere ek dost London, U.K reh kar aaye he. Wo waha student visa par gaye the aur bari pareshani huwi job milne me aur jitne paise kamate visa renewal…
Mufti Ebrahim Salejee
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.