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 6 of 44
- Mufti Online8 May 2023
Health insurance
I have a question regarding to state life insurance company whether the health insurance of this company is halaal or haram. My 2nd question is that…
Mufti Zakaria Makada - Ibn Masood2 May 2023
Profits from FNB Islamic banking
I have an FNB Islamic Account and a savings pocket. I get paid shares monthly because of the money that is saved in the savings pocket. Is it…
Mufti Mohammed Desai - Ibn Masood25 Apr 2023
Purchasing a vehicle from the bank
Is it permissible to buy a vehicle for personal or business usage, through the banks?
Mufti Mohammed Desai - Azaadville1 Apr 2023
Employment As A Bank Auditor
Is it permissible to do bank auditing?
- Ibn Masood24 Mar 2023
Winning a prize in a competition due to getting the highest number of ‘likes’
Is it permissible to enter competitions where you have to get the highest ‘likes’ to win the prize?
Maulana Abdul Kader Fazlani - Ibn Masood22 Mar 2023
Using Zakaat funds on Muslims in Turkey and Afghanistan
1. If you have interest money, or unlawful money, and you want to discharge it, can you give it to muslims in Turkey or Afghanistan? Can you give it…
Mufti Mohammed Desai - Ibn Masood23 Feb 2023
Selling ‘Bad debts’
I used my credit card and unfortunately, was unable to repay. I have now incurred interest and legal fees etc. I have the money to repay it, but my…
Mufti Mohammed Desai - Ibn Masood21 Feb 2023
Installing an ATM on one’s premises
What is the ruling with regards to having a Capitec ATM, or any of the other commercial banks ATM on our business premises?
Mufti Mohammed Desai - Mufti Online18 Feb 2023
Using interest money for victims in Turkey and Syria
Can I use interest money for victims in Turkey and Syria?
Mufti Ebrahim Salejee - Mufti Online12 Feb 2023
Taking out insurance to get RMI accreditation
I have a tyre repair shop. I want to get this RMI Accreditation for it. Its like a motoring board and carries weight in the vehicle repair and…
Mufti Zakaria Makada - Mufti Online12 Feb 2023
Using money received from an insurance payout to perform hajj
A family member's car was stolen. They are getting paid out by the insurance. They have been accredited for Hajj today. Can this insurance money be…
Mufti Zakaria Makada - Mufti Online4 Feb 2023
Taking out third party insurance to get accredited to repair vehicles
I have a workshop where I repair vehicles. In order for me to be accredited I have to take out a third party insurance in case any customer's…
Mufti Ebrahim Salejee - Ask Imaam2 Feb 2023
Should I keep my earnings below the minimum threshold in order for my interest-bearing loan to be waved off?
Asalamu alaykum My inquiry is regarding students loan. Unfortunately i took out a student loan whilst at university. Now i have come to realise that…
Abdullah Noorgat - Ask Imaam28 Jan 2023
Acquiring gun license with interest money
We sincerely hope that Hazrat Mufti Saheb and family are keeping well. I need clarity on this issue: My firearm license has expired. The South…
Mudassir Benish - Mufti Online28 Jan 2023
Using interest money to pay for bank charges or to help someone in overdraft
1. Can I use interest earned on a savings pocket linked to my main account to offset bank charges on the main account? 2. Can I give the interest…
Mufti Zakaria Makada - Ibn Masood5 Jan 2023
Exchanging items in lieu of similar items
Are you allowed to trade or swap a book for another book? Or a phone for another phone? Is this considered Riba? If Mufti Saheb can please forward…
Mufti Mohammed Desai - Ibn Masood5 Jan 2023
Financing a business through banks
It is common Deeni knowledge that taking out an interest-bearing loan for the purposes of acquiring a business, is completely Haraam. That being the…
Mufti Mohammed Desai - Mufti Online26 Dec 2022
Discovery medical aid scheme
Discovery have come out with a “shariah” compliant medical aid scheme. Is this permissible?
Mufti Zakaria Makada - Mufti Online26 Dec 2022
Taking an interest bearing loan
I live in Europe and I need some money and there is no one to help me. The bank is ready to give me a loan but they want it back with interest. For…
Mufti Zakaria Makada - Ibn Masood25 Dec 2022
Opening a bank account
I’d like to enquire which bank would Mufti Sahib advise us to use in South Africa ?
Mufti Mohammed Desai - Mufti Online20 Dec 2022
Loyalty club members receiving discounts and entry into competitions
There is a loyalty club business where you pay for a yearly membership and get discounts on a variety of stores. The company also gives you free…
Mufti Zakaria Makada - Ask Imaam14 Dec 2022
Working in a bank and as a project manager
Asalaama alaykum, I’ve recently graduated and finding it quite difficult to find a job which is 100% halal. I understand working in a commercial/…
Bilal Yusuf Pandor - Ibn Masood12 Dec 2022
‘Islamic Target Save’ account
Kindly advise if ‘Islamic Target Save’ by Absa is permissible? Once a year the investor receives 5% returns which are termed as Halaal profit. Is an…
Mufti Mohammed Desai - Mufti Online3 Dec 2022
Assuming that all the secular banks in the country deal in riba
Can I assume that all the secular banks in the country deal in riba if I live in a kafir country or would I be sinful for assuming evil of people…
Mufti Ebrahim Salejee - Ibn Masood20 Nov 2022
Donating interest funds to the SPCA
Is it permissible to give interest money to the SPCA?
Mufti Mohammed Desai - Ibn Masood8 Nov 2022
FNB investments
I would like to invest some monies with FNB. Could Maulana kindly advise me which is the best investment to choose from?
Mufti Mohammed Desai - Mufti Online5 Nov 2022
Claiming from insurance more than the damaged amount
Scenario: I met up in an accident some time ago. The back bumper and other parts were damaged. I then met up in a second accident and, the car was…
Mufti Zakaria Makada - Mufti Online1 Nov 2022
Giving a translation of the Quraan to a non-Muslim who is interested in Islam
Is it permissible to give a translation of the Quraan to a non-Muslim who is interested in Islam, even though he cannot be assumed to be in the…
Mufti Zakaria Makada - Mufti Online12 Oct 2022
Difference between a person who takes out a mortgage and makes taubah and a person who didn't take out a mortgage at all
If someone gets a mortgage for a house and then does taubah, he still benefits by keeping the property and also being forgiven. How is this fair…
Mufti Ebrahim Salejee - Azaadville12 Oct 2022
Letting Premises To A Tenant Who Intends To Sublet To A Bank
I own a block of 10 shops all vacant at the moment. i have a client who wants to rent all my 10 shops for a certain amount. but his plan is to…
- Mufti Online9 Oct 2022
Bank fees on international transactions
I want to ask that if this debit card is halaal which is charging 1.5 % fees on international transactions and they charge 23.44 Pakistani Rupees…
Mufti Zakaria Makada - Ibn Masood8 Oct 2022
Scammed by a travel agency
I wanted to ask, if I got scammed by a travel agency, can I count the money which was stolen as interest money, as I have some interest money to…
Mufti Mohammed Desai - Mufti Online24 Sep 2022
Shar’ee solution to medical aid schemes
Based on the Sharee solution at the end of this answer: https://muftionline.co.za/node/30854 , if the money is paid to the hospital or doctor…
Mufti Zakaria Makada - Azaadville22 Sep 2022
An Accountant Negotiating Interest Transactions
I’m an accountant in a Transport & Freight company. My job is to do all accounting and financing works. Sometimes I have to deal with the interest.…
- Mufti Online20 Sep 2022
Using vouchers from a bank
The bank that I use sometimes gives out vouchers for completing certain tasks such as a quiz or swiping your card a certain amount of times etc. Is…
Mufti Ebrahim Salejee - Ibn Masood13 Sep 2022
e-Bucks
Is it permissible to use e-bucks and can we apply for e-bucks?
Mufti Mohammed Desai - Mufti Online18 Aug 2022
Recording interest transactions as part of one's work
I have a contemporary business question to inquire about. Would it be permissible to apply for work at a company that deals with various financial…
Mufti Zakaria Makada - Ibn Masood17 Aug 2022
Profit accrued from FNB Islamic banking
Is the profit sharing from an FNB Islamic Banking account Riba (interest)?
Mufti Mohammed Desai - Ibn Masood10 Aug 2022
Turkish government compensating bank clients if US Dollar depreciates
The Turkish government has recently started a scheme in the banking sector wherein it protects the value of your Turkish Lira currency should the…
Mufti Mohammed Desai - Mufti Online28 Jul 2022
The Islamic ruling regarding Takaaful Insurance
I wish to enquire regarding a new type of insurance called Takaaful. Is this new type of insurance permissible in Islam? Does Islam allow one to…
Mufti Zakaria Makada
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.