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Leasing Cars from Islamic Perspective

Leasing Cars: 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: There is nothing wrong with leasing cars as long as there is no violations of the requirements of the lease …

Is It Allowed to Use Credit Cards

Is It Allowed to Use Credit Cards?

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 you know for sure that you can use the credit card without incurring any interest, it is permissible to sign such a contract and use the card. With …

A Loan with a Very Low Interest

A Loan with a Very Low Interest: Permissible?

I am working in a government organization which engages maritime business. The employees of this organization are entitled to apply for the various types of loan (Vehicle loan, Ten month loan, etc.) based on their job category.

How to Get Finance to My House

How to Get Finance to My House

I know that riba (interest) is haram (unlawful). But I don’t really understand the Islamic or Shari`ah compliant home loans.

Getting Interest From Lending Money

Getting Interest From Lending Money: Riba?

I have a problem concerning whether or not I am committing riba in lending some money to a friend of mine. I lent $100 to a friend of mine. Then I told him that he should pay me back at the end of the month and he agreed that he would pay an interest of $30 dollars if he couldn’t pay me back on time. The following month, he still pays me $30 dollars because he couldn’t pay me back the $100. The reason why I charged the interest to which he agreed upon is that he would not delay in paying the money and that he would still remember his debt. So, the question is “is my action in charging him an interest of $30 per month to which he willingly agreed upon for borrowing my $100 worth of money deemed as riba? Thank you for your time.

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 …

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 …



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