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Buying a Foreclosure Home

Buying a Foreclosure Home: Allowed?

Are we able to purchase a foreclosure home since the bank is the owner and seller at the same time? I have heard this to be allowed in Islam but not so sure? I am also wondering why a sheikh stated that ijarah loans is a fraud.

Checking Bank Account

Opening Checking Bank Account: OK?

Wa `alaykum as-Salamu wa Rahmatullahi wa Barakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. In this fatwa: It is allowed to open a normal bank account as long as you don’t get interest. In his response to …

Can I Work for a Non-Islamic Bank?

Can I Work for a Non-Islamic Bank?

Wa `alaykum as-salamu wa rahmatullahi wa barakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. In this fatwa: It is allowed to work for a non-Islamic bank as long as you don’t do any work related to riba contracts. Responding …

Is It OK to Work for a Bank?

Is It OK to Work for a Bank?

I am currently a branch manager in a major bank in Canada. Please, guide me if that my income is halal or haram. Thanks.

Are Banks Allowed to Make Profit

Are Banks Allowed to Make Profit?

Wa `alaykum as-Salamu wa rahmatullahi wa barakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. Dear brother, thank you for your question that shows your care for learning Islamic rulings related to lawful (halal) money. Responding to your …

What Are the Islamic Guidelines of Choosing Names?

Using Interest Money for Children’s Education: OK?

Wa `alaykum as-Salamu wa Rahmatullahi wa Barakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. Dear brother, thank you for your question and for your commitment to Islam’s rulings concerning your financial dealings. Interest based money is not …



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