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 3 of 44
- Mufti Online9 Nov 2024
Taking out travel insurance
Is travel insurance permissible in Islam, if it is optional or required?
Mufti Zakaria Makada - Mufti Online9 Nov 2024
Using someone's credit card and paying back with extra
I live with my parents, and over the past few months, I've made some online purchases using my father's credit card (with his permission). Since…
Mufti Zakaria Makada - Azaadville28 Oct 2024
Using Riba (Interest) To Settle Levies
I would like to know if Riba (interest funds) can be used to avert of taxes such as petrol levies and RAF levies ?
- Mufti Online17 Oct 2024
Paying for one's grandchild's dental treatment with interest money
Can I use interest from the bank to pay for my grand kids dentistry? Their mother is single and there's no medical aid.
Mufti Zakaria Makada - Mufti Online13 Oct 2024
Earning ebucks when paying with one's bank card
I receive ebucks via FNB when I buy from Takealot, or fill fuel or if I buy from Checkers with my virtual card. Is it permissible to earn these…
Mufti Ebrahim Salejee - Mufti Online12 Oct 2024
Taking an interest free loan from the government
The government I live in help the citizens with a payment of the house or flat when you are moving and give you a support/loan. The loan is interest…
Mufti Zakaria Makada - Mufti Online21 Sep 2024
Entering a competition that has a minimum purchase from a store
I went to a shop to purchase some items. I intended to only purchase for R300. However, I saw that they have a competition to win a car. In order to…
Mufti Zakaria Makada - Mufti Online15 Sep 2024
Giving interest money to one's helper
1. Is it permissible to dispose of interest monies to ones helper? 2. What are some recommended ways to dispose of interest money?
Mufti Zakaria Makada - Mufti Online14 Sep 2024
Keeping the returns from a mandatory government retirement fund
I have subscribed for GPF. The government forcefully deducts some amount like 5k each month. At the end of retirement, govt. will return that…
Mufti Zakaria Makada - Mufti Online14 Sep 2024
Receiving free services from a bank
Is receiving free services from a bank like: being able to receive my income in my current account and pay with the debit card associated considered…
Mufti Zakaria Makada - Mufti Online10 Sep 2024
Taking out mandatory travel or health insurance
My husband and I were planning on taking a trip to Istanbul, Turkey. We considered it as it is a Muslim dominant location and we wouldn’t have to…
Mufti Zakaria Makada - Ibn Masood4 Sep 2024
Loaning Interest Funds
A non-Muslim requested a loan from a Muslim and said he’ll pay them X amount extra (i.e. interest). The Muslim agreed to this. When questioned about…
Maulana Abdul Kader Fazlani - Mufti Online8 Aug 2024
Paying interest fees with interest money
Is it permissible to pay interest fees with the interest received, from and to the same party. E.g. A bank rewards its client with an interest % for…
Mufti Zakaria Makada - Mufti Online1 Aug 2024
Profit earned by Islamic banks
Is profit earned by using Islamic banking halaal or haraam?
Mufti Ebrahim Salejee - Ibn Masood28 Jul 2024
Riba In Food Items
Q1) According to the Hadeeth concerning Riba it is mentioned [والملح بالملح..] If someone goes to their neighbour and asks for salt and says that…
Maulana Abdul Kader Fazlani - Mufti Online27 Jul 2024
Taking an interest bearing loan
I took a loan on interest and I know very well that it is haraam in Islam, but now there is no way except this option. I have to get married and…
Mufti Zakaria Makada - Mufti Online27 Jul 2024
Receiving prize money from a lucky draw by the bank
Here in Saudi Arabia, there is a bank called Al Rajhi that offers a savings account where you can deposit money without earning any interest. They…
Mufti Zakaria Makada - Ibn Masood24 Jul 2024
Disposing Of Interest Funds
Q1) I keep my money in a commercial bank account. Recently, the bank started paying me interest since a positive balance is maintained. Is it…
Maulana Abdul Kader Fazlani - Azaadville23 Jul 2024
An Accountant Recording Previous Interest Transactions
Is it permissible for a charted accountant to record transactions involving interest?
- Ask Imaam20 Jul 2024
Is this permissible to purchase a car on Leasing (their is an interest involved)
Question 1: Is this permissible to purchase a car on Leasing (their is an interest involved). My friend is going out of country and wanted me to…
Muftī Ebrahim Desai - Ibn Masood18 Jul 2024
Shariah Compliant Banks
I have a question with regards to taking out a mortgage with banks which are Shariah compliant. Please advise your ruling with regards to the bonds…
Maulana Abdul Kader Fazlani - Ibn Masood5 Jul 2024
Using Interest Funds To Repair Toilets
Can a person use their interest money to change the direction of their toilet in a house that they are renting?
Mufti Mohammed Desai Saheb - Mufti Online4 Jul 2024
Obtaining an interest free loan for one's business
I am metal importer. I have less capital available as compared to my business volume. I want to do financing. What is best way to finance without…
Mufti Zakaria Makada - MUBZ4 Jul 2024
Employment in an Islāmic Bank
اسلام عليكم ورحمة الله وبركاته Trusting Mufti Sahebs are well, I need soke clarification of the stance of your Darul Iftaa with regards to working…
- Mufti Online2 Jul 2024
Franchise charging insurance to their customers
We have a tyre business which is a Dunlop franchise, they have this tyre insurance for the customers. Any damage to the tyre and they send a…
Mufti Zakaria Makada - MUBZ16 Jun 2024
Islamic Banking
Assalamualaykum muftisaab Would like to enquire about fnb islamic banking Is it permissible Why do certain ulema say no?
- MUBZ16 Jun 2024
Interest Free Edgar’s Account with an Account Protection Plan
Assalaam mu alaikum Respected mufti saheb Can one a six month interest fee account with Edgar’s? It is compulsory to take account protection plan…
- MUBZ15 Jun 2024
Interest Money & Zakāh Queries
Can you pay interest with interest Eg the interest of a loan If one cannot calculate the amount of interest in the account over +- 10 year what…
- Mufti Online10 Jun 2024
Incentives offered by car dealers to bank employees for referring bank auto loan customers
Incentives offered by car dealers to bank employees for referring bank auto loan customers is Halal or Haram. They offer a specific amount from…
Mufti Zakaria Makada - Ibn Masood10 Jun 2024
Purchasing a Car on Finance
If I finance a vehicle from a dealer, can I consider the interest amount as part of the entire payment due? From my perspective, will this still be…
Mufti Mohammed Desai - Mufti Online1 Jun 2024
Taking a salary from a person who took out an interest-bearing loan
I am a student. I teach my aunts son mathematics. This is my first job as a student. I always wanted to earn halaal or I have a wish that my first…
Mufti Zakaria Makada - Ibn Masood29 May 2024
Investing Buyer’s Funds into an Interest Account
Q1. As a conveyancer, we are required to invest purchasers money in an investment account, which accrues interest or profits from Islamic accounts…
Maulana Abdul Kader Fazlani - Mufti Online25 May 2024
Using interest money to pay a salary
I have a helper whom I pay on a monthly basis. For 1 month I was not at home so she did not come to work. However I will still pay her wages at the…
Mufti Zakaria Makada - Mufti Online23 May 2024
Meezan bank
What is the stance of Shariah about Meezan bank in Pakistan? Is it permissible to keep money in it and receive monthly profit?
Mufti Zakaria Makada - Ibn Masood17 May 2024
Purchasing a Property on Riba
A family member has bought a house in South Africa, while she is residing in Canada. She bought the house through the bank, and is renting it out…
Mufti Mohammed Desai Saheb - Camperdown8 May 2024
Exchanging gold of different qualities
Asalaam alaykum. I deal in gold. When I buy gold ornaments, I pay them with Gold and give them labour/making charges for the ornaments. For example:…
Abdullah ibn Masud Desai - Mufti Online4 May 2024
Funeral cover
Is funeral cover permissible in Islam?
Mufti Zakaria Makada - Ibn Masood3 May 2024
Receiving interest in a bank account
I receive interest in my bank account every month. I dispose of the interest amount from the cash I have on hand and do not remove it from the…
Maulana Abdul Kader Fazlani - Mufti Online28 Apr 2024Roman Urdu
Bank me security guard ka naukri karna
Government bank me security guard ka naukri karna haalal hai ya haraam hai?
Mufti Ebrahim Salejee - Ibn Masood23 Apr 2024
Opening Bank Accounts
It is not permissible to intentionally accumulate interest money. 1. If a person has an option at a bank to open a bank account whereupon one does…
Mufti Mohammed Desai
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.