Islamic finance | About Islam
Home > Tag: Islamic finance

Tag: Islamic finance

Is Traditional Mortgage Instead of Islamic Financing Allowed?

Is Traditional Mortgage Instead of Islamic Financing 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- Muslims are ordained to adhere to the Quran and the Sunnah everywhere and at all times. 2- As for …

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…

Is Mortgage Halal for Muslims?

Is Mortgage Halal for Muslims?

I have a question about mortgage. Is it permissible to buy one house for ourselves on mortgage? I have heard that but I’m not sure that there is a Fatwa for this issue. Please, advise.

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.

Malta Launches its Islamic Finance Association

Malta Launches Islamic Finance Association

VALLETTA – In a bid to attract business from Middle East firms, the government of Malta has established a national body to help drive the development of Islamic finance, Reuters reported on June 28. This will couple with further plans for legislation to facilitate the sector as the Mediterranean country aims to position itself as …

Bitcoin Halal or Haram? There Are Other Important Questions

Bitcoin: Beyond Questions of Halal and Haram

If you want to appreciate how Islam is more than just a religion of technical laws, look at the fuss surrounding Bitcoin. Most folks are obsessed with just one question: IS BITCOIN HALAL?! What do they mean by that? Well, it seems folks aren’t sure whether it is permissible to invest in something which isn’t …

find out more!