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Buying a Car With Interest

Buying a Car With Interest: Riba?

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: The finance department gives you a loan in fact not it sells you a car. The price 32995 is paid …

insurance disasters

Can We Get Insurance In the Face of Natural Disasters?

Thank you for sending in your question to our website. Our heart goes out to all those who have suffered in the recent bate of calamities around the world. We truly feel their pain and loss, and we ask Allah to reward, bless, and compensate them. May Allah grant them patience in the face of …

Can We Achieve Social Justice With Riba?

Can We Achieve Social Justice With Riba?

Isn’t it a fruitless venture, the attempt at social justice without first pondering over what kind of economic structure one is living in? While the systems of Riba (usury) prevail in the world

Loan with Profit from Islamic Bank

Loan with Profit from Islamic Bank: Riba?

As-salamu `alaykum. I would like to know: In Islamic banks where they say they follow the Islamic rules and regulations but in reality what made me shock is when they give loans, they charge the fixed rate as an interest but the name changes to profit instead of saying interest. Could you, please, explain how I can know that a bank follows the Islamic rules and regulations properly? Thank you.

Credit Card System Is It Riba

Credit Card System: Is It Riba?

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: There is no riba in what you described except the student loan. Responding to your question, Prof. Dr. Monzer Kahf, Professor of Islamic …

Bank Account in Non-Islamic Bank

Bank Account in Non-Islamic Bank: Permissible?

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: 1- You shod search for an Islamic bank in your area. If you found one, you should avoid dealing with …

Can I Accept IT Job for a Bank?

Can I Accept IT Job for a 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 permissible to work in any department in a conventional bank as long as you do not prepare any interest-based contracts or sign them on …

What is the Difference Between Islamic Loan and Riba?

What is the Difference Between Islamic Loan and Riba?

The difference is that a sale is an exchange of two unlike commodities. As for a loan, it is the exchange of the same commodity. It is the difference in the commodities of a sale (money paid in exchange for goods or services) that make both parties to the sale beneficiaries.



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