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Question: Assalamu Alaikum If a person needs money to run his business. He does not have any other source of borrowing the money. So he can take the money on interest. If he does not take the money or borrow the ....

Subjects: Business; Loans

Question: Assalamu Alaykum, I work in retail store which is part of federated company. Other part of this company does finance that is involves in Riba. Is my earning gets any kind of Haram portion of this company ? Jazakumullah.Notes : ....

Subjects: Corporations; Islamic jurisprudence; Usury

Question: Assalamualaikum, I am not sure about a few things all having to do with Interest, I live in Canada and am planning to work here after I graduate from university, and from what I see and understand is that most ....

Subjects: Corporations; Islamic jurisprudence; Usury

Question: Salamo Alikom. I live temporarily in the United States, and I save my money in a bank, where they add APR to my saving account each three months. I also sometimes use the credit card and they charge me interest. ....

Subjects: Administrative fees; Credit cards; Islamic jurisprudence; Payments; Usury

Question: Assalamu Alaikum,Dear Dr,If it’s ok to buy a property on interest based mortgage, in what situation is Riba Haram ?Shouldn't we not take Riba or at least discourage Riba ; as our sacrifice in this life (by paying rent instead ....

Subjects: Islamic jurisprudence; Purchasing; Real property; Subprime mortgage; Usury

Question: In European countries, you can get the so-called Visa or Master card. It can be used for paying in shops, but if it's used to withdraw money from cash points, there would be a charge of 1.5 % (i.e. when ....

Subjects: Banking services; Credit cards

Question: I would like to build a clinic in a Muslim country. I don't have enough money to buy essential equipments and the only way to do that is to take a mortgage within the same country and I have to ....

Subjects: Islamic jurisprudence; Loans; Medical instruments and apparatus; Usury

Question: It is the practice of many of the banks in my country to offer an interest free overdraft to students as an incentive to open a bank account with them. Could you advise as to what the position of the ....

Subjects: Bank accounts; Overdrafts

Question: Alslamo Alikom, I have a lease on a car from Toyota Corp. that will expire in the next 3 weeks. I want to buy the car from a dealer who will buy the car from Toyota and sell it to ....

Subjects: Automobiles; Contracts; Islamic jurisprudence; Sales; Usury

Question: Assalamu Alaykum : would you please send me some information on the basic differences between mortgage and Riba and on the right way in Islam to do mortgage.May Allah bless you. Salam..

Subjects: Automobiles; Financing; Housing; Islamic jurisprudence; Usury

Question: Assalamu Alaikum. I purchased a home for my sister 3 years ago because she was experiencing financial difficulties. I have an outstanding mortgage balance in the amount of $120,000, after having put approximately $ 150,000 into the house. The problem ....

Subjects: Islamic jurisprudence; Real property; Refinancing; Subprime mortgage; Usury

Question: My question is about Riba / interest : I am a real estate agent who lives in Singapore. It is a very small island and land is scarce. Most of the homes here are subsidized by the government but they ....

Subjects: Labour

Question: As a somewhat inquisitive and educated person, I have dwelled on the issue of Riba. According to the only definition I can find of Riba in the holy Qur’an and the Sunnah is that it was the practice of pagan ....

Question: Assalamu Alaikum. May Allah reward you abundantly in this life and hereafter for helping Muslim Ummah. I believe this is the most authentic site on the web. I need your advise about the loan from my the 401 K plan. ....

Subjects: Islamic jurisprudence; Loans; Taxes; Usury

Question: Taking a credit card is it Haram if you’re paying before you get interest ?.

Subjects: Contracts; Credit cards

Question: Assalamu Alaykum : I have read few Fatwas in the site about the stock market. And I would like someone to clarify few points for me. When we talk about the stock market, we should look into how the company ....

Subjects: Financial markets; Stocks

Question: Assalamu Alaikum. Dear Sheik. What is your view in regards to working for a financial institution ? Because that housing condition is getting harder and harder, would buying a house through Riba be Haram ? thanks..

Subjects: Financial institutions; Islamic jurisprudence; Labour; Usury

Question: Assalamu AlaikumSheik, Please give me an overview of how we can determine a job to be Halal or Haram.I would like to know if we're allowed to work for a bank or a subsidiary of a bank although our functions are irrelevant to Riba. Thanks.Assalam 'Alakum Wa Rahmatu Allah.

Subjects: Banks; Islamic Banks; Labour

Question: Assalamu Alaikum.What practical steps can Muslims take to begin to create Islamic financial institutions in the West ? how can these institutions be integrated with the interest based system that currently exists ? .

Subjects: Financial institutions; Western world

Question: Assalamu Alaikum. As a Muslim, am I allowed to invest my money in a stock market ? If not, why ? and am I allowed to bank with non Islamic banks and if not why ?.

Subjects: Investments

Question: Assalamu Alaykum,I recently read about selling loans (Bay' al-Dayn), I was not able to understand the form of this trade, and the rational for its prohibition. Also does this form of trading exist in modern day trades ?.

Subjects: Factoring; Islamic jurisprudence; Loans; Sales; Usury

Question: The banking system in New Zealand and may be in most of the countries is that if you put some money in the saving account you will get interest every month and also you will be charged a monthly bank ....

Subjects: Administrative fees; Banks; Interest; Islamic jurisprudence; Usury

Question: Respected Sir, Assalamu Alaikum, I am an international student from India and have got the admission in a reputed American University (fall 2001 term.) at the Department of electrical and Computer Engineering. My major is Computer Networks and my primary ....

Subjects: Education; Loans; Students

Question: Assalamu Alaikum, my question is : is it allowed to take a loan from a bank to buy a business.. That's the only way to start a business here in the united states... If I want to take a loan ....

Subjects: Loans; Usury

Question: I am a student in UK, my father is paying my college fees but he is working in a bank (as I now it is Haram to work there). Is it Halal for me to study in this way ??.

Subjects: Banks; Islamic Banks; Islamic World; Labour

Question: Assalamu Alaikum Wa Rahmatullahi Wa Barakatuh. Is it ok to work as a real estate agent ? Jazaka Allahu Khairan Wassalam Alaikum..

Subjects: Labour; Real property

By: Lahlou, Abd al-Rahman. Etudes en Economie Islamique. Vol. 2, no. 1 (Apr. 2001), pp.1-21, 21 p.

Subjects: Consumption; Economics; Islam; Islamic economics; Islamic jurisprudence

Question: al Salam Alaikum Wa Rahmah Allah. I live in United State of America I want to buy a house because renting is very hard but I will have to pay interest on the house. I cannot pay it cash I ....

Subjects: Banks; Dwellings; Financing; Islamic jurisprudence; Purchasing

Question: We have a textile processing unit in -----------, Pakistan. We are under big debt of banks interest related. We want to get rid of it now, but the nature of business is such we cannot get rid at once. What ....

Subjects: Islamic jurisprudence; Loans; Usury

Question: Can I take a student loan to study ? I have university degree in accounting and I'm thinking to study information technology as it will be helpful for me to find a better job...I can't study on my own account ....

Subjects: Education; Loans; Students

Question: Salam I work for a company in the United States that offer a retirement plan known as 401 k plan investing in stocks. As an employee I am eligible to borrow half of my amount invested. However, part of the ....

Subjects: Islamic jurisprudence; Loans; Usury

Question: Assalamu Alaikum. In my country a compulsory provident scheme operates where the contribution is credited to your account with the central bank and interest is also automatically credited. This could only be withdrawn after you attain 55 years of age. ....

Subjects: Islamic jurisprudence; Savings; Usury

By: Zaman, Arshad; Zaman, Asad. Islamic Economic Studies. Vol. 8, no. 2 (Apr. 2001), pp.61-74, 14 p.

Subjects: Islamic jurisprudence; Banks; Economics; Islam; Justice

Question: Assalamu Alaikum. Could the Muslim take the loan from Haram Riba bank if there are not any Islamic bank in his country and this is the only way to start own business ?.

Subjects: Loans; Usury

Question: Assalamu Alaikum : Jazaka Allah Khairan for this svc. I am selling a property (in UK) and due to incentive problem my solicitor has put interest clauses in lease and contract. I'm afraid to sign documents coz those who do ....

Subjects: Contracts; Islamic jurisprudence; Sales; Usury; Witnesses

Question: Assalamu Alaikum Wa Rahmatullahi Wa Barakatuh. Dear brethren in Islam I have recently graduated and am currently seeking employment. One of the fields in which I hope to go into is actuarial consultancy either for a consultancy company or with ....

Subjects: Insurance companies; Labour

Question: Assalamu Alaikum I have three questions. 1. Conventional Banks are offering prizes ranging from Cars and Houses to cash on a "Draw" to account Holders. Is it permitted to accept the prize if one is a recipient ? The Account ....

Subjects: Insurance companies; Labour

Question: I live in America and I would like to open a business but I don't have enough money to open it on my own or with a partner and on the rat that I am going it would be a ....

Subjects: Loans; Usury

Question: Assalam Alaykum, My question is in two parts : first it is well known that any dealing with interests as in banks is considered "Riba" hence Haram, however much confusion arises when we speak about shares (stocks). What does Shari'ah ....

Subjects: Financial institutions; Financing; Labour

Question: What about a loan for study in U. S. A because I study there and it is very expensive.

Subjects: Education; Loans; Students

Question: Is money acquired as interest from bank savings permissible for use to pay personal income tax ? as a Muslim living in a western environment banks are used as to facilitate money transactions primarily and to keep money safely. That it has attracted interest had been the intention. As Salaams..

Subjects: Banks; Interest; Islamic jurisprudence; Savings; Usury

Question: Assalamu Alaykum is working in an Insurance company as an IT specialist allowed in Islam knowing that it is a big insurance company dealing with all kind of insurance (including life insurance) ? If there is an alternative to work ....

Subjects: Insurance companies; Labour

Question: Salamu Alaikum I have a terrible situation developed. I have a friend who is an excellent practicing Muslim. This friend had started a business that can be highly profitable and purely Halal. In order to get off the ground, though, ....

Subjects: Bankruptcy; Loans

Question: Assalamu Alaykum, I use a credit card to pay my bills and buy things. I use only for convenience and always pay the due amount on time (i.e. I do not pay interest). The type of the card I have ....

Subjects: Credit cards; Profits; Rewards

Question: Salam Oualaoukoum Wr.Wb. I'm a student in ULB university in Brussels I'm studying in actuarial science whish prepared people to work in insurance companies, so my question is : is it legitimate or not to work in insurance company ? NB : sorry, my English is bad..

Subjects: Insurance companies

Question: Assalamu Alaikum. An issue has risen in regards to the position of Islam regarding student loans which have an Interest linked to inflation. So what is the Shari'ah position regarding this type of interest ? (See notes)notes : The rate ....

Subjects: Inflation (Finance); Islamic jurisprudence; Loans; Usury

Question: Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh, What the Shari'ah says about taking mortgage on a fix interest and fix term and try to pay-off the loan within that time frame ? May Allah reward you for helping Muslims. Ahmed.

Subjects: Housing; Islamic jurisprudence; Sales; Usury

Question: Since I am an expatriate and there are no means to do monetary transactions using Islamic Banks, I am forced to maintain an account in a non-Islamic Bank. Can I use the interest obtained from this account to pay back ....

Subjects: Banks; Islamic jurisprudence; Usury

Question: In USA lots of Muslim bought there home on mortgage i.e., they are paying interest every month on their properties. My question : is it o.k. to pray on the property (house) which is bought on mortgage ? Please let me know. Thanks..

Subjects: Islamic jurisprudence; Purchasing; Real property; Usury

Question: Is studying accounting Halal or Haram... Especially it's full with financial transactions that may be Haram.... P. S. I am in my third year and it's difficult to convert to other fieldNotes : I am in my third year and ....

Subjects: Accounting; Financial transactions; Islamic jurisprudence; Usury