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 15 of 44
- Ask Imaam14 Jul 2018
Can I use interest money to pay off my student loan?
Using interest money clarification In fatwa #39618 I asked a question regarding using my credit cards interest money for assisting me pay back the…
Mizanur Rahman - Mufti Online10 Jul 2018
Benefiting from insurance payouts
I am working in a shipping company. My company is giving 3 lakhs insurance coverage. I am not paying any money for the insurance. Can I take this…
Mufti Zakaria Makada - Mufti Online27 Jun 2018
Disposing of interest money
If a person gets interest money from a bank or a pension account then to whom should the interest money be given? Is it allowed to give the interest…
Mufti Zakaria Makada - Mufti Online27 Jun 2018
Ruling on gambling
What is the shariah ruling on gambling in light to verse number 219 of surah e baqrah?
Mufti Zakaria Makada - Mufti Online27 Jun 2018
Alternatives to medical aid and insurance
I have read the article regarding insurance and medical aid. What alternatives are available that would be halal?
Mufti Zakaria Makada - Mufti Online26 Jun 2018
Gambling
What is the shari ruling on gambling. Is it actually mentioned in Surah Baqarah that it has some benefit for men?
Mufti Zakaria Makada - Ask Imaam11 Jun 2018
Airport lounges and incentives offered by the bank
I would like to know if it is permissible to use the reawrds offered by Diners Club International (eg. air port lounges)? And is there any…
Muhammad I.V Patel - Ask Imaam21 May 2018
Accumulated interest in the bank account
I work for an organization they pay me 1000USD credited in my bank account i am working since 2006 .In last 10 years i withdraw my salary amount…
Muhammad I.V Patel - Mufti Online5 May 2018
Teaching students about interest bearing loans
I have to teach students the advantages and benefits of taking loan and paying interest as it is given in the syllabus of finance. Example: When a…
Mufti Ebrahim Salejee - Mufti Online4 May 2018
Muslim manager advising the company to take out interest bearing loans
I am working as a Finance Manager in a company. I perform various duties of my job like Financial Planning Analysis.., and one such duty is to…
Mufti Ebrahim Salejee - Mufti Online2 May 2018
Taking out life policies to pay estate taxes with the payouts
Is it permissible to take out life policies with the only intention that the payouts will be used to pay estate taxes?
Mufti Ebrahim Salejee - Ask Imaam30 Apr 2018
Shari’ah compliant credit card
Some banks are offering credit cards that are Shria compliant and approved by their shria boards. I am not confident if I should enter into such an…
Muhammed Al-Ameen Bin Moulana Ismail Akoo - Ask Imaam23 Apr 2018
Credit card debt
my question is I had some credit card that I used I didn't pay off blaneces but I used pay minimum payment every month but right now I am unable to…
Abdullah Syed Sajid - Mufti Online19 Apr 2018
Takaaful
I recently heard about Takaaful insurance and was interested in taking out a scheme to cover my home, business, cars, etc. Takaaful claims to be…
Mufti Zakaria Makada - Mufti Online19 Apr 2018
Credit card rewards
I have a credit card. 1. I have received 245 as a bonus or gift or cash back from the bank. Is it halaal? 2. I need a loan from the bank but I don't…
Mufti Ebrahim Salejee - Mufti Online17 Apr 2018
Using interest money to pay for duty costs on imported goods
Is it permissible to use interest money to pay for duty costs imposed on imported goods?
Mufti Zakaria Makada - Mufti Online15 Apr 2018Roman Urdu
Interest ke paise ka itimaal karna
Mein ek private MNC company mein kaam karta hu mein kuch paise Fixed deposit mein rakha hai tax purposes and as investment mere family ke liye us FD…
Mufti Zakaria Makada - Mufti Online11 Apr 2018
Paying VAT and customs with interest money
I often import goods from other countries. In some cases, the government charges me exorbitant amounts as import duties. Can I pay these import…
Mufti Ebrahim Salejee - Mufti Online9 Apr 2018
Income of a taxi driver who took a loan from the bank to buy a taxi
If a Muslim taxi driver bought his taxi through a bank loan, will his income be halaal?
Mufti Zakaria Makada - Mufti Online3 Apr 2018
Using interest money to pay tax
As per new Saudi rules, they are charging many levy, taxes, even charges of exit/entry and iqama charges. My father have 7 dependents under him…
Mufti Ebrahim Salejee - Mufti Online31 Mar 2018
Accepting compensation from an insurance company
My car has been involved in an accident with another car. Will it be permissible for me to accept compensation for the damages from his insurance…
Mufti Ebrahim Salejee - Mufti Online29 Mar 2018
Working as an accountant for a bank
Can a chartered accountant, who checks and verifies the accounts of the company, audit the accounts of banking company other than interest and loan…
Mufti Ebrahim Salejee - Mufti Online29 Mar 2018
Interest
What exactly is the definition of interest or riba? Will the return on investment for a business be considered as interest? Tell me briefly about…
Mufti Ebrahim Salejee - Mufti Online28 Mar 2018
Using interest money to offset bank charges
Can you use interest money to offset bank charges?
Mufti Zakaria Makada - Mufti Online26 Mar 2018
Prize bond
If prize bond is haram, can I purchase a car in a money draw money because some people said prize bond is interest?
Mufti Ebrahim Salejee - Mufti Online26 Mar 2018
Reward programmes from financial institutions
Many financial institutions nowadays have rewards programs where you earn points for every swipe that you do with the credit card. Some you need to…
Mufti Ebrahim Salejee - Ask Imaam24 Mar 2018
Working in a HR department of a Bank
I have been offered the role of Benefits, Renumeration and Analytics Manager in the HR department of a bank in Qatar. The role would mainly involve…
Huzaifah Deedat - Mufti Online22 Mar 2018
Using interest to offset an interest bearing loan
I know that it is haraam to deal with interest, but buying a house today comes with great difficulty and is seen as a need not and not a want. Can…
Mufti Ebrahim Salejee - Mufti Online18 Mar 2018
Taking a loan from a bank
There is a bank here which is offering me personal loan. I was not interested in taking that because it is haram as they will get more money in…
Mufti Zakaria Makada - Mufti Online15 Mar 2018
Mandatory car insurance
I live in a country where it is a legal requirement from the government for all cars to be insured. What should I do in this situation?
Mufti Zakaria Makada - Ask Imaam12 Mar 2018
Receiving gifts from riba based banks
What Islam says about Scholarships and Prizes without prepaid money? I am a university student. I have the following queries. Please answer them. 1.…
Aboobakr Siddeeq bin Mufti Amjad Mohammad - Mufti Online12 Mar 2018
Relationship with a grandmother who is involved in interest
1. What is the ruling for the one whose grandmother's eats sood and her money comes from bank sood? What attitude should be adopted by her grand…
Mufti Ebrahim Salejee - Mufti Online12 Mar 2018
Insuring one's business and working in an insurance company
1. Is insuring one's business halal or haram? 2. Is working in an insurance business allowed in Islam?
Mufti Zakaria Makada - Mufti Online10 Mar 2018
Mandatory car insurance
I live in a country where car insurance is mandatory, without which one cannot drive and get anywhere. Out of necessity we got a car insurance.…
Mufti Zakaria Makada - Mufti Online10 Mar 2018Roman Urdu
Islamic bank
Mera question Islamic bank ky according hy ky is ka profit jaiz or halaal hy? Or in Islamic bank me rupees rakhwa saktay hy? Or insan gunahgar to…
Mufti Ebrahim Salejee - Mufti Online8 Mar 2018Roman Urdu
Bank se loan lena
Hum do bhai hai. Mere bhai ak tuberculosis patient hai wo kuch kaam nahi kar sakte isliye uski biwi bachche ko mereko dekhna parte hai. Mera bhi…
Mufti Ebrahim Salejee - Mufti Online6 Mar 2018
Taking an interest bearing loan to purchase a car
I want to buy a car for my use but for that I want to know whether it is allowed for me to take a loan from a bank on monthly installments…
Mufti Ebrahim Salejee - Mufti Online5 Mar 2018
Saving oneself from interest
I am a software engineer working in a University. The salary is going to my bank account, please explain to me how to save myself from sood…
Mufti Ebrahim Salejee - Ask Imaam2 Mar 2018
Where should I spend the interest the bank deposits in my bank account?
I have saving account in a bank.This bank provides interest on the amount saved in the account.How can I avoid this interest money as it is haram in…
Mizanur Rahman - Mufti Online27 Feb 2018
Working in a bank
I am working in the IT sector for a bank. Is this permissible? I create the process of how share holder request are routed from beginning to end…
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.