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Exchanging Old Gold for New

Is Exchanging Old Gold for Newer Gold Permissible?

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- It is not permissible to exchange old gold for new even if the difference in value is paid to the goldsmith. 2- If someone wants to …

Is Commodity Trading via the Internet 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: Future commodity trading is not allowed in Islam, whereas spot commodity trading is permissible either delivering in on the spot …

Donating Interest Money

Can Charity Be Given From Earned Interest on My Bank Account?

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- Interest is forbidden in Islam. Scholars have given many fatwas that interest money paid by banks should be withdrawn and given to some charitable purposes. One should …

This is Why Interest is a Serous Problem in Islam

This is Why Interest is a Serious Problem in Islam

If you want money from a rich person, you need to make him an investor, you need to make him convinced that you are worthy of an investment and he shares the profit and the loss. In Islam, guaranteed profit is a big problem, because no body knows…

Should I Pay Back Lottery Money?

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: You and your brother have to get rid of this money as it was earned from lottery which is gambling, …

Can I Pay My Bank Interest to a Mosque?

Can I Pay My Bank Interest to a Mosque?

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: Mosques are related to devotional affairs like worship, so they should be financed through lawful (halal) ways. Hence, it is …

Can I Accept a Gift from a Bank Officer

Can I Accept a Gift from a Bank Officer?

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: If someone gives you a gift, and you are not sure whether his money is all halal or haram, then you are allowed to …

Buying House from Bank in Installments: Allowed?

Buying House from Bank in Installments: Allowed?

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- The Islamic form of selling, which is allowed, is that the bank buys the property and sells it with a higher price; this is murabahah in Islam. …



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