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 9 of 44
- Mufti Online22 Oct 2020
Using shyft by Standard Bank
Forex trading currency through mobile app from standard bank. Money is transferred to shyft in rands, which can be used to purchase at any time…
Mufti Ebrahim Salejee - Mufti Online13 Oct 2020
Working for a credit card company
My friend and I are unemployed. Can we work in a credit card company? Is it allowed to work in this sector because the insurance and loan sectors…
Mufti Ebrahim Salejee - Ask Imaam3 Oct 2020
Can I work as a bank teller in the bank? Does this constitute assisting in sin?
Can I work as a bank teller in the bank? Does this constitute assisting in sin?
Mahmood Suliman - Ask Imaam1 Oct 2020
Loaning oneself an interest-bearing loan
Assalamu Alaykum Respected Mufti Saheb, If a sole-director is running his business using a limited company structure (in the UK) with no other…
Bilal Yusuf Pandor - Mufti Online28 Sep 2020
Winning money in a gaming tournament
If I play in a gaming tournament and win, is the money halaal or haraam?
Mufti Ebrahim Salejee - Mufti Online17 Sep 2020
Giving interest money to a domestic worker to build a house
Can interest money be given to a domestic worker to be used for building her house with no intention of it being a gift?
Mufti Zakaria Makada - Mufti Online15 Sep 2020
Withdrawing from a mandatory provident fund
I am working in a company where we have a provident fund facility. I wanted to take some amount from my PF Account. In case of temporary withdrawal,…
Mufti Ebrahim Salejee - Ask Imaam12 Sep 2020
Purchasing a house in Australia - Is it permissible to get a home loan from the bank?
Asalam-o-Alaikum, I live in Australia and my question is regarding Mortgage (Home Loan), is it permissible to get home loan from local banks for the…
Mohamed Ebrahim bin Ismail Abdullah - Ask Imaam5 Sep 2020
Can I take finance through FNB Islamic banking?
السلام عليكم ورحمة الله وبركاته Respected Mufti Saheb Is it permissible to use the funds in a FNB Linked savings pocket which comes with my bank…
Zaakir Ismail - Ask Imaam28 Aug 2020
Is it permissible to work for an accounting firm whose clients are banks, insurance & alcohol companies?
Slm. I have one question. I work in an accounting firm. I have one client that does delivery of beverages . But among the beverages they also…
Abdullah Noorgat - Mufti Online24 Aug 2020Roman Urdu
Bank me kaam karna
State bank of Pakistan me nokri karna kaisa he? Agar duty me sood likhna/kaatna shamil ho? Agar shamil na ho? Income ka zariya sood mana jaega ya…
Mufti Zakaria Makada - Mufti Online24 Aug 2020
Receiving food from a person who deals in interest money
If a person is dealing in interest money, if he sends food to our house, do we eat it or not?
Mufti Zakaria Makada - Mufti Online18 Aug 2020
Profits paid by the bank on a savings account
Is profit paid on a savings account by the bank halaal or haraam?
Mufti Ebrahim Salejee - Jamiat KZN14 Jul 2020
Can a person give charity with interest money?
Q. I closed an interest bearing account which accumulated interest. Can I keep the interest money and give it in charity after 3 Months?
Ask Mufti - Jamiat KZN6 Jul 2020
Is there a difference between interest and usury? Are both prohibited?
1) Is there a difference between interest and usury? Are both prohibited? 2) Can we buy a house through a bank on a fixed rate of interest?
Mahmood Suliman - Ask Imaam4 Jul 2020
Interest money - How do i dispose of it & not taint my Halaal wealth?
asalamu alaykum i have a bank account which earns interest monthly on any money which is in the account. a]will it be possible for me to discharge…
Mahmood Suliman - Ask Imaam3 Jul 2020
Is there a difference between interest and usury? Are both prohibited?
1) Is there a difference between interest and usury? Are both prohibited? 2) Can we buy a house through a bank on a fixed rate of interest?
Mahmood Suliman - Ask Imaam15 Jun 2020
Is it permissible to obtain a credit card?
A friend of mine told me it is wrong to possess a Credit Card. When I pointed out that there is nothing wrong as long as I don’t pay interest, he…
AbdulMannan Nizami - Mufti Online10 Jun 2020
Claiming from the UIF fund
At work, during the lockdown, we were working on a rotational basis. Hence we never get paid for the days we never work. However, the company has…
Mufti Ebrahim Salejee - Ask Imaam9 Jun 2020
Please help me to know about Islamic Banking, theory, systems, etc.
Please help me to know about Islamic Banking, theory, systems, etc. Also kindly provide address of organization or bank in Middle East which…
Ismail Desai - Ask Imaam5 Jun 2020
Car Purchased on Interest - What do i do?
I recently learned about Riba and how it is a sin to pay interst as well as charge interest. My car is purchased on a loan that does charge me…
Hammad Ibn Ismail Jogiat - Mufti Online4 Jun 2020
Paying towards a holiday club
I recruit people to join a holiday club. The members will be asked to pay subscriptions. The money collected will be used to purchase holidays at…
Mufti Ebrahim Salejee - Ask Imaam1 Jun 2020
What should I do with interest money from the bank? Can I give it to my poor relatives?
From the Gulf, I transfer my earnings to a savings account in an Indian Bank. Every six months the bank adds interest money to my account. I heard…
Ml. Faizal Riza - Ask Imaam6 May 2020
Is retail forex trading permissible with interest-free leverage?
Assalamu Alaykum 1)Is it Halal trade in Forex deals where the broker does not charge interest not do they charge a commission when they give money…
Sohail ibn Arif - Mufti Online31 Mar 2020
Credit cards
I have a question about credit card's if you could please answer it, My question is this: Are credit card's Halaal? To elaborate on this - if a…
Mufti Ebrahim Salejee - Ask Imaam30 Mar 2020
Riba & Dua query
As Salaamu Alaikum Most Respected Mufti Saheb 1) Is the following correct or does it fall under Riba: ones friend does the favour of shopping/…
Mahmood Suliman - Ask Imaam23 Mar 2020
Accepting a grant from a bank owner - Is it permissible?
I have a question. I was given an opportunity to apply for grant from a Nigerian philanthropist who is a multi rich businessman. Every year he gives…
Muhammad Fayyaadh - Ask Imaam14 Mar 2020
Is it permissible to take out an interest only fixed rate mortgage?
As-Salaam-Walaikum, My situation is that i currently own my own property, on which i have a mortgage which i pay monthly. My property is the only…
Mohammed - Ask Imaam13 Mar 2020
Working for a bank - Is my job Halaal?
My job is working in a bank that has many different departments including checking and savings accounts, credit cards, and auto laons. (The bank…
M. Akhtar - Mufti Online11 Mar 2020
Giving interest money to buy raffle tickets
I had around $48.5 of interest money in my Australian bank account. I wanted to get rid of it by giving it to a poor person. A few days back, in my…
Mufti Ebrahim Salejee - Mufti Online10 Mar 2020
Using money and calculating zakaat from a life insurance payout
I had taken out a life insurance policy with a dread disease cover many years ago. (I call that my pre-hidayat days). I have now been paid out part…
Mufti Ebrahim Salejee - Ask Imaam8 Mar 2020
Aunty Claiming Interest on Loan - Can she do this?
Asslamualaiku, I have aunt whose husband was murdered and she has two daighters. She was living in a house owned by my father (She was living on his…
Hammad Ibn Ismail Jogiat - Ask Imaam1 Mar 2020
Income bonds are offered as interest free, is it permissible for me to sign up?
Income bonds are offered as interest free, is it permissible for me to sign up?
Mirza-Zain Baig - Ask Imaam29 Feb 2020
Working for outsourcing clients dealing with banks and insurance - Is this permissible?
السلام علیکم I work with Accenture Solutions which is a outsourcing company and has different types of clients which deals in social media, some…
M. Akhtar - Ask Imaam26 Feb 2020
Disposing of Interest Money - How do i go about doing it?
Asalamualaykum molana, I hope you are doing well. I had a question I wanted to ask you. I have some money which I got from interest. I got about…
Hammad Ibn Ismail Jogiat - Mufti Online26 Feb 2020
Gambling in order to start a business
Is it permissible to play the lotto in order to use the prize money as a loan to start a business? Once a profit is made, money equalling the lotto…
Mufti Zakaria Makada - Ask Imaam22 Feb 2020
Can a person sign up for an interest-based bank account, not for the benefit of the interest?
As-salaamu ‘alaykum, 1) A bank account has 1-3% interest which is deposited into the account every month or so. The purpose of signing up with such…
Shakib Alam - Ask Imaam16 Feb 2020
Can i eat at the house of one who works in an Islamic bank?
We live in Riyadh, Saudi Arabia and one of the guy I recently met is a Pakistani national working in a bank here (Alinma Islamic Bank). Yesterday…
Abdullah Noorgat - Ask Imaam14 Feb 2020
How does one start a Shari'ah compliant bank?
As-salamu aleikum. Me and my husband recently got married and were blessed with a child shortly after, alhamdulillah. We have been struggling…
Ikraam Elias Gangat - Mufti Online12 Feb 2020
Bank competition
1. A conventional banking company runs a competition where a car can be won. Entry to the competition is free and open to customers and…
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.