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Can Gold Be Sold in Installments?

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 a rule in the Islamic Shari`ah that gold cannot be sold in installments or on credit. Responding to …

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 …

Investment With Borrowed Money: Allowed?

Investment With Borrowed Money: Allowed?

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: Financing investment from a loan without interest is permissible. Answering your question, Prof. Dr. Monzer Kahf, a prominent Muslim economist …

House

Father Built a House from Riba: OK for Me?

My father used to work at an interest based bank. He took a loan from the bank to build a house; it belongs to me now. Is it halal for me? If not, what should I do? It was built on my mother’s land.

Buying a Car with Interest-Based Loan

Buying a Car with Interest-Based Loan: 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: 1- Riba (interest on loans) is prohibited by the texts of the Qur’an and the Sunnah. Therefore, a Muslim needs to keep …

Interest Is A Major Sin

Interest (Riba) is a major sin in Islam. In these days we forget that it is. Here is a powerful reminder as to why it is such a major sin.

Taking Loans from Islamic Banks: Allowed?

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- This kind of transaction is called tawrruq which is impermissible. 2- As for working in an Islamic bank, it is allowed …



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