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Tag:

interest

  • FiqhInvestments and ContractsIslamic Finance

    Taking out an interest-bearing saving account

    by Mufti Faisal September 1, 2023
    by Mufti Faisal September 1, 2023 2 minutes read

    Question: Brother is storing your money in a bank which does interest, however, I do …

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  • FiqhFiqh SciencesIncomeInvestments and ContractsIslamic Finance

    Loan with interest to start my project

    by Mufti Faisal January 23, 2023
    by Mufti Faisal January 23, 2023 3 minutes read

    Question: al-salāmu ‘alaykum, I need money to finance a small business (a halal bakery). I …

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  • Banking and InterestIncomeIslamic FinanceMisc. Fiqh

    Filing Taxes in Canada

    by Mufti Faisal December 4, 2022
    by Mufti Faisal December 4, 2022 6 minutes read

    Question: I want to ask whether filing corporate taxes, income taxes, investment taxes, or other …

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  • Banking and InterestIncomeInvestments and ContractsIslamic FinanceMisc. Fiqh

    Job in a Software Company Whose Main Clients are Banks

    by Mufti Faisal October 18, 2022
    by Mufti Faisal October 18, 2022 8 minutes read

    Sep-29, 2025: IMP: An update to the criteria mentioned in this question has been posted …

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  • Banking and InterestIncomeInvestments and ContractsIslamic Finance

    A wife’s concern for the Riba’ in home for past 15+ years

    by Mufti Faisal February 27, 2022
    by Mufti Faisal February 27, 2022 11 minutes read

    Question: We bought first house 15 years ago regarding for fatwa that okay for muslem …

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  • Banking and InterestCleanliness and PurityIncomeInvestments and ContractsIslamic Finance

    Purifying my Earnings

    by Mufti Faisal December 8, 2021
    by Mufti Faisal December 8, 2021 3 minutes read

    Question Recently I have gotten serious about my faith and wish to continue forward in …

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  • Banking and InterestIncomeInvestments and ContractsIslamic FinanceMisc. Fiqh

    Stocks in an Investment Bank

    by Mufti Faisal December 6, 2021
    by Mufti Faisal December 6, 2021 7 minutes read

    Question: Is it permissible to own stocks in an investment bank, such as Citigroup? Investment …

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  • Banking and Interest

    Buying a car through Bank Financing

    by Mufti Faisal August 11, 2021
    by Mufti Faisal August 11, 2021 2 minutes read

    Question: I need fatwa about buying a car by financing where the bank will pay …

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  • Banking and InterestIncomePermissible and Impermissible

    1) Zakat on current & Saving Account. 2) Disposing interest from saving account.

    by Mufti Faisal June 11, 2020
    by Mufti Faisal June 11, 2020 2 minutes read

    Question: I have both current & savings account in a bank. I would like to …

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  • Banking and Interest

    I believe I have received interest money. What should I do?

    by Mufti Faisal August 22, 2019
    by Mufti Faisal August 22, 2019 2 minutes read

    Question: 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 Faisal March 11, 2018
    by Mufti Faisal March 11, 2018 3 minutes read

    Question: 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 Faisal December 13, 2017
    by Mufti Faisal December 13, 2017 0 minutes read

    My brother is a chattered accountant. He makes audit for different companies. He has to …

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  • IncomeIslamic FinanceSadaqah

    I have old debts to pay out from 80’s. I am unable to contact the company to payback. What do I do?

    by Mufti Faisal November 13, 2017
    by Mufti Faisal November 13, 2017 3 minutes read

    I have old debts to pay out from 80’s. I am unable to contact the …

    Read more
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  • Banking and InterestIslamic FinanceOther Social

    Living in home bought on interest

    by Mufti Faisal November 21, 2014
    by Mufti Faisal November 21, 2014 3 minutes read

    Ribā’ 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 Faisal October 16, 2014
    by Mufti Faisal October 16, 2014 2 minutes read

    In principle, a loan which has an interest-free period or a grace period to pay …

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  • CharityOther Social

    Disposing interest money to poor. Is what we do correct?

    by Mufti Faisal June 19, 2014
    by Mufti Faisal June 19, 2014 5 minutes read

    Question I want to know about interest money as my husband has money in bank …

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  • Islamic Finance

    I want to make a sale at cash $2000 but the buyer says that he will pay credit after 2 months. If I ask him to pay 2200 will it be counted as interest(riba)?

    by Mufti Faisal November 26, 2013
    by Mufti Faisal November 26, 2013 4 minutes read

    If you have already struck the deal with the brother at $2000 and thereafter at …

    Read more
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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 Faisal May 28, 2013
    by Mufti Faisal May 28, 2013 2 minutes read

    Question: My cousin sister is studying in medical collage,the admins of her collage are going …

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  • Banking and InterestIslamic FinancePermissible and Impermissible

    Is Working as a “Notary Signing Agent” permissible?

    by Mufti Faisal April 17, 2013
    by Mufti Faisal April 17, 2013 3 minutes read

    Question: I am living in USA and working as a “Notary Signing Agent” , an …

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  • Banking and InterestIslamic Finance

    What are the alternatives in shariah for student loans in the western countries?

    by Mufti Faisal March 24, 2013
    by Mufti Faisal March 24, 2013 2 minutes read

    Question: Could you please guide me about student loans. What are the alternatives in shariah …

    Read more
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