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 8 of 44
- Ibn Masood6 Dec 2021
Signing up for a credit card
Is one permitted to sign up for a credit card?
Mufti Mohammed Desai - Ibn Masood5 Dec 2021
Permissibility of using credit cards
What is the Shari’ee proof that supports the use of credit cards? Many people have sufficient funds in their debit account, yet they purchase goods…
Mufti Mohammed Desai - Ibn Masood4 Dec 2021
Paying bank charges with interest funds
Can interest funds be utilized to pay banking charges? Various banks charge clients for utilizing their services and the very same banks pay…
Mufti Mohammed Desai - Ibn Masood4 Dec 2021
Investing in a forex bureau
Is it permissible for me as a Muslim to invest in a forex bureau?
Mufti Mohammed Desai - Ask Imaam1 Dec 2021
Selling to a Muslim purchaser buying with an interest bond
On the sale of a property, the Muslim purchaser has obtained an interest bond from Standard Bank. I don't feel that it would be right to go through…
Bilal Yusuf Pandor - Ibn Masood1 Dec 2021
Working for a company that services banks and insurance companies
1. I work for a company that manufactures computer software. The company services banks, insurance companies and other companies as well. Am I…
Mufti Mohammed Desai - Azaadville19 Nov 2021
Instalment Sale Without Interest
Zayd wants to buy a car but does not have the cash. He can however pay monthly installments. Bakr is prepared to help him, but also wants to…
- Azaadville10 Nov 2021
Using Interest Funds To Purchase Items For The Masjid
Can a person use interest money to buy Quran stands or fans for Masjid use? Where everyone who come to that Masjid will be able to take benefit from…
- Ibn Masood4 Nov 2021
Capitec savings pocket
I have a Capitec bank account. The bank is now offering a savings pocket to its clients. The modus operandi of the savings pocket is as follows: if…
Mufti Mohammed Desai - Azaadville30 Oct 2021
Using Interest Money To Pay Traffic Fines
Can i use interest money to pay off traffic fines?
- Mufti Online25 Oct 2021
Taking out a mortgage to purchase a home
The question is: do we qualify to take up a new mortgage for a new home under the fatwa issued on mortgage for ONE house from the European council…
Mufti Ebrahim Salejee - Mufti Online14 Oct 2021
Software developer working in a bank
I am an outsourced employee in a bank and working as a software developer. I have been assigned a desk in the bank. Usually I consume water and tea…
Mufti Ebrahim Salejee - Mufti Online9 Oct 2021
Taking an interest bearing loan to buy a house
I want to buy a house but I can't pay full, or get an Islamic mortgage because of my finacial situation. I am staying in a rented property, and now…
Mufti Zakaria Makada - Ask Imaam5 Oct 2021
Funding my studies with an interest bearing loan
if a student had to take out an interest bearing loan (haram) to fund their university studies, will any job they subsequently get due to this…
Shakib Alam - Azaadville21 Sep 2021
Paying The Interest Due On An Overdraft Facility On Behalf Of A Deceased
A person has passed on. Whilst he was alive he had an overdraft facility in the bank and he used to pay interest. Now he has passed on. Do the heirs…
- Mufti Online11 Sep 2021
Taking out medical insurance to do a liver transplant
I currently live in Bangladesh. My father suffers from liver cirrhosis. I have plans to do Masters or PhD in USA. It is recommended for my father to…
Mufti Ebrahim Salejee - Ask Imaam1 Aug 2021
References from Quran and Hadith regarding the paying of Interest
Assalamualykum wa rahmatuallahi wa barakatuh. Dear Mufti sahib in Shaa ALLAH I pray you are doing good. Dear sheikh my friend recently told me that…
Shaheed Rashid Shaikh - Azaadville31 Jul 2021
Additional Savings Account That Attracts Interest
I have a ______ bank account. The account, like other banks, incurrs interest every month. _____, has of recently introduced what they call “live…
- Mufti Online26 Jul 2021
Receiving a profit share from a FNB savings pocket account
I have an Fnb Islamic cheque account which has with it a savings pocket account. Every month, depending on how much is in my savings pocket, I…
Mufti Ebrahim Salejee - Azaadville29 Jun 2021
Bank Charges
I am charged a monthly fee of £13 for my debit card and bank account. Is this OK?
- Mufti Online27 Jun 2021
Leasing one's building to a bank
Is it permissible in Islam to lease a building to a bank against payment of rent?
Mufti Zakaria Makada - Mufti Online19 Jun 2021
Buying bank repossessed cars
Is it permissible to buy a bank repossessed car from a company that deals with those kind of cars before the cars go to the auctions. They are sold…
Mufti Zakaria Makada - Azaadville16 Jun 2021
Disposing Of Interest Money
Please advise with regards to the following: What avenues are permissible for one to dispose of the interest accrued from an interest-bearing bank…
- Azaadville16 Jun 2021
Building RDP Houses with Interest Money
Someone has Riba Money and intends giving it to us after being advised by somebody else. Will it be permissible to accept it? INFORMATION Among our…
- Mufti Online24 May 2021
Husband not interested in having a baby
Is it OK for a husband to keep putting off the topic of having a baby? Even though I expressed my feelings about wanting a baby and he doesn't seem…
Mufti Ebrahim Salejee - Azaadville26 Apr 2021
Islamic Banking And Share Trading
I am not too convinced with the present day islamic finance which is applied in the conventional banks as well as those with Muslim names. Similar…
- Ask Imaam2 Apr 2021
Am I assisting in sin by giving my banking details?
Assalamu allikum Shiekh I live in the uk, recently my friend asked me to help with something. He sold his cat online and he wants me to give my…
- Azaadville30 Mar 2021
Interest Funds To Pay For Rates And Taxes
Kindly advise if interest monies can be used to pay rates and taxes, given the theft, corruption and abuse of our halaal tax money wasted by our…
- Azaadville12 Mar 2021
Savings Pocket Account
The previous committee of a Masjid had opened an Islamic account which comes together with a savings pocket. If money is kept in this pocket,…
- Azaadville11 Mar 2021
Applying For A Credit Card
Can Mufti please let me know if signing up for a credit card is permissible for muslims? I understand that I am agreeing to pay interest if I do not…
- Mufti Online22 Feb 2021
Winning a prize from a bank
I have recently opened a bank account and the bank has a scheme for all its customers where one account number will be chosen in a lucky draw... The…
Mufti Ebrahim Salejee - Mufti Online16 Feb 2021
Entering the Albany bread competition
Will the Albany bread competition below be permissible? By purchasing four loaves of bread and sending through the unique codes (the codes are sent…
Mufti Ebrahim Salejee - Mufti Online16 Feb 2021
Provident fund, Liberty life cover and Sanlam Retirement annuity
Please help with the following: 1. Compulsory company provident fund cover in the event of death, disability, retirement, dismissal, resignation. Is…
Mufti Ebrahim Salejee - Mufti Online6 Feb 2021
Investing in companies that deal in interest below 33%
I am not too convinced with the present day Islamic finance which is applied in the conventional banks as well as those with Muslim names. Similar…
Mufti Ebrahim Salejee - Ask Imaam5 Feb 2021
Islamic House Financing Standard Chartered Bank Pakistan
Assalam o Alaikum, My question is related to Islamic Home Financing. I've gone through 2 of the related questions (and answers on this site):…
Eshowe - Mufti Online11 Jan 2021
Accepting prize money from a Mixed Martial Arts competition
Is the prize money earned by winning a fight in a Mixed Martial Arts competition halaal, haraam or makrooh?
Mufti Ebrahim Salejee - Ask Imaam10 Jan 2021
KT Bank Germany
I would like to know if kt Bank ,based in Germany which has something called a participation account is halal safe. With thanks.
Muhammad Fayyaadh - Jamiat KZN1 Dec 2020
Riba/Usury will always end up in Poverty and Humiliation
Is the following Hadith recorded in Musnad Ahmad authentic? “No matter how much interest you have it will decrease.” (Musnad Ahmad, Hadith: 3753)
Moulana Muhammad Abasoomar - Ask Imaam7 Nov 2020
HBZ Shari’a bank - Is it approved by Mufti Ebrahim Desai?
As salaam wa alykum Hbz bank has on their website that they are shariah compliant and approved by muftisaab...is that correct.
Ahmad Patel - Ask Imaam6 Nov 2020
Can i sell my property to a bank?
A bank is interested in buying my property. Is it halal to sell it to a bank?
Mudassir
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.