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View By Subject 201 fatwas
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Giving money that resulted from Ribaa to those who pay interest charges
Assalamu alaikum.Can interest money be given to a person to repay his interest he took as loan?My grandmother gives her interest money to help his son pay back his interest that he has to pay for the loan he took.If people start acting like this wont it motivate people to take loan with interest?Thank you. .. More
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Giving service fees for borrowing money from a company
I believe that interest is haraam whether it small or bigger. But my concern is regarding our cooperative which we barrowed for example 1000 to be paid equally every 15 days, through salary diduction. We give a minimm amount of 20 upon reciept of the money as service pay. Is this service pay considered riba? Sukhran and Allah Bless Us... More
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Buying a house with mortgage whose interests will be paid back by the government
As salaamalaykum, In the netherlands, the government gives back the interests that was paid on mortgatge. in such a case is it permissible to take mortgage and buy a house? I don't want to take loan and buy house because of riba and also because I hate loans. I am then always afraid of dying without paying the loan. My husband and my family are always.. More
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An employee given an interest free loan but in case of his resignation he will be charged interest
The company I work for offers an interest free housing loan. However, upon resignation the company reserves the right to charge interest on the balance amount. So far no one who has resigned has been charged interest. If I have the means to clear the loan whenever I resign, does the provision to charge interest make the loan unlawful?.. More
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Benefiting from a car bought by a usurious loan
Selamu Aleikum Dear Brother. I am writing this e-mail, hoping that you will answer my concern regarding an issue that has taken away my peace of mind. I recently bought a car, I mean financed thru a bank that is intrest based bank. At a time, I didnt have enough money to buy this car, and i was in need of a car so that I can go work, support my family,.. More
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A church group sponsoring the building of a house for a Muslim
1) What does Islam has about a church group sponsoring the building of a house for a Muslim in the U.S? 2) What is the Islamic teaching on buying houses through Mortgage in places where you can not get other options? 3) Are there any Muslim Institutions in America that can sell house to muslims in the U.S. without Riba? Thank you... More
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Using interest to pay a usurious loan
Salam, I owe $8500 in student loan and i have to pay 3.9% interest on it. I am trying my best to pay it off as soon as possible in next few months. I had some savings bond that I cashed after I learned I should not buy saving bonds. I received $1500 in interest. I would like to pay part of my student loan with this $1500. Is it wrong to use the $1500.. More
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The profit one gets from selling an item he sold with interest
Assalamu Alaikom Warahmatullahi Wabarakatoh. The question is regarding usury and its "kaffarah." Given the following scenario please advise on whether this is forbidden or not and if it is forbidden how can one repent. A man deceides to buy land and build a house upon it and then sell the house as an investment. He then invests 100K from his own money.. More
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The poor receiving interest money as charity
assalamu alaikum inn ur fatwa no 91853 u hav mentioned dat one can withdraw the interest money n spend it on poor...but once u withraw d money ur name name will be registered in the people who has taken interest money....also a muslim shud not prefer something for others wat he doesnt prefer for himself.... pls explain.. can we lent our house on rent.. More
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Avoiding financial dealing with someone whose earnings are forbidden
In your Fatwa 85295 "It is safer to avoid financial dealing with one whose wealth is a mixture of Halaal and Haraam" you advised the sister to avoid tutoring the banker. My question relates to Fatwa 90517 "Interest free mortgages through an English bank", where you quoted a Hadeeth related to the Prophet, sallallaahu alayhi wa sallam, and his companions.. More
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Getting a loan with interest to reduce taxes
I am living in India. I have to pay very high taxes every year. This amount is deducted from my salary and I have no control over it. I have no house of my own. But if I take a home loan then I can reduce this tax. So do I keep paying high taxes every year with no benefit or take a loan and reduce the tax. The tax which we pay are misused.. More
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Dealing in Ribaa to avoid taxes
I am working in India, we were strictly avoiding interest payment or receipt, but some parameters made us rethink which are as follows - I am paying approximately 25% of salary as income tax, being a joined family there is no saving. Government gives concession in income tax on savings and specially for home lone - principle amount as well.. More
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Taking an interest based loan to pay one's debts
I purchased my new appt/home since 4 years on monthly installment payments to landlord and when ever I couldn't pay the monthly payment I use to loan from friends and family.
Today after 4 years I am done with all the house payment but two obstacles I have now to pay loans I took from family and friends and I have soon register this house.. More
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Permissibility of retirement funds
My husband was working in a bank that allows (Ribaa), now he is unemployed, could you tell me if the money that he receives and spends from (Ribaa) as a retired person is Halaal? .. More
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Father deeply in debt using credit cards to buy his mother a house
My father borrowed money from various credit cards, because he had to purchase a house for his mother in Pakistan, since she is alone there with her disabled daughter. Now he has so much to pay back with the finance charges. My father asked a lot of his friends for some amount of money until he could pay the debt back, but every one refused. I.. More
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