Question: I have read your answers stating that Monetary Penalty is tantamount to Ribaa. I …
Banking and Interest
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Banking and InterestIncomePermissible and Impermissible
1) Zakat on current & Saving Account. 2) Disposing interest from saving account.
by Mufti Faisalby Mufti Faisal 2 minutes readQuestion: I have both current & savings account in a bank. I would like to …
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Banking and InterestIncomeInvestments and ContractsIslamic Finance
Is Network Marketing halal or haram?
by Mufti Faisalby Mufti Faisal 3 minutes readQuestion: I’ve recently been introduced to a group of entrepreneurs who are working together in …
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Banking and Interest
I believe I have received interest money. What should I do?
by Mufti Faisalby Mufti Faisal 2 minutes readQuestion: Usually, whenever I get the interest amount from the bank, I give it away …
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Banking and InterestFiqhInvestments and ContractsIslamic Finance
Interest on Deposit, disposal of interest to poor and RESP
by Mufti Faisalby Mufti Faisal 3 minutes readQuestion: Hello, I am helping a newcomer Muslim to Canada who is very careful with …
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Banking and InterestInvestments and ContractsIslamic Finance
Auditing companies and checking interest-based calculations
by Mufti Faisalby Mufti Faisal 0 minutes readMy brother is a chattered accountant. He makes audit for different companies. He has to …
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Banking and InterestIncomeIslamic Finance
Working to sell insurance and recruiting people to work there for a referral commission
by Mufti Faisalby Mufti Faisal 2 minutes readIn principle all conventional insurance policies are at its core designed around interest and ribā. …
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Banking and InterestIslamic FinanceOther Social
Living in home bought on interest
by Mufti Faisalby Mufti Faisal 3 minutes readRibā’ is indeed a calamity which has plagued every part of our society. No one …
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Banking and InterestIslamic Finance
Taking a loan with a grace period for interest-free payback
by Mufti Faisalby Mufti Faisal 2 minutes readIn principle, a loan which has an interest-free period or a grace period to pay …
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Banking and InterestIslamic Finance
Flex Buy (Best Buy Canada) credit facility. Is it same as the Brick Card?
by Mufti Faisalby Mufti Faisal 6 minutes readIn principle, Flex Buy (Best Buy Card) is a similar financial instrument to The Brick …
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Banking and InterestIslamic Finance
“Brick Card Platinum” with 18 months interest free credit.
by Mufti Faisalby Mufti Faisal 3 minutes readAfter having a look at the credit card in question, it seems that its structure …
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Banking and Interest
What is the sharia position on buying and selling life insurance policies. How about benefiting from them?
by Mufti Faisalby Mufti Faisal 3 minutes readMy job duties include selling insurance policies. Is it permissible for me to take this …
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Banking and InterestFiqhIslamic Finance
Working on IVR Engine Software for multiple clients etc.
by Mufti Faisalby Mufti Faisal 4 minutes readIn principle, becoming an active part of any transaction which involves interest or haram is …
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Banking and InterestPermissible and Impermissible
My cousin’s university is forcefuly charging Rs1000 to take part in a haram event. Can she pay this through interest money?
by Mufti Faisalby Mufti Faisal 2 minutes readQuestion: My cousin sister is studying in medical collage,the admins of her collage are going …
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Banking and InterestPermissible and Impermissible
We are not sure who will use the software we have developed. Would the income be permissible?
by Mufti Faisalby Mufti Faisal 3 minutes readQuestion: We are developing a software, in which any client from any background can come …
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Banking and InterestIslamic FinancePermissible and Impermissible
Is Working as a “Notary Signing Agent” permissible?
by Mufti Faisalby Mufti Faisal 3 minutes readQuestion: I am living in USA and working as a “Notary Signing Agent” , an …
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Banking and InterestInvestments and ContractsIslamic Finance
I wanted to know if investing with Uinvest Halal?
by Mufti Faisalby Mufti Faisal 3 minutes readQuestion: I wanted to know if investing with Uinvest is Halal ? UInvest is an …
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Banking and InterestIslamic Finance
What are the alternatives in shariah for student loans in the western countries?
by Mufti Faisalby Mufti Faisal 2 minutes readQuestion: Could you please guide me about student loans. What are the alternatives in shariah …
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Banking and InterestIslamic Finance
Interest and Mortgage in western countries. Should we revise our understanding of Riba?
by Mufti Faisalby Mufti Faisal 23 minutes readA Muslim living in Canada questions the prohibition of interest-based mortgages, arguing that most Muslims …
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Banking and InterestInvestments and ContractsIslamic Finance
How do we get out of debts?
by Mufti Faisalby Mufti Faisal 7 minutes readQuestion: Me and my husband have been alhamdullilah Been married for 4 years now. But from Knowledge …

