Questions tagged [riba]
Riba means Interest. Riba is Haram (forbidden) in Islam, and it is considered a major sin.
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Is this riba? Understanding riba
My intention is to better understand what constitutes riba. Please note that some of these questions are far-fetched hypotheticals constructed only for insight. Again, I do not want to come across as ...
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Is it Haram to play a game with interest?
So I play this game Hypixel Skyblock on Minecraft, and it has a bank that lets you gain interest. So would that make it haram for me to play it and if so, would it still be Haram if I stopped using ...
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Giving away riba in advance [duplicate]
Can we give away an amount to someone considering it riba but in advance? The riba amount will be credited later to my account but there is someone in need (the person would be informed that it is ...
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Loyalty Program: Halal or Haram?
Salam!
Today, I came across a question on ask.ghamdi.org forum. I'm curious to know the answer. The question is:
The city in which I’m currently living in has loyalty program where if I buy a member ...
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Is forex trading on iq option Halal or Haram?
can forex trading be considered halal if you sell and buy on the same day? I have been researching on this and some people say it is okay because you don't have interest in an Islamic account.
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Is selling a foreign currency with higher rates as fees of the service I'm giving is considered as haram?
I earned some money outside of my country in USD currency (foreign currency). My friend who lives in my country wants to buy some good from online shopping websites so I agreed with him to sell him ...
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Are Credit Unions allowed?
I'm part of a credit union. They call the payouts both interest and dividends. But they are interest really they are dividends. I'm not sure what to make of it and whether it's permissible or not. Any ...
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Query regarding Current Account in a conventional bank
Well I know that current account itself is not haram, because there is no interest involved in it.
And i know that it is better to use Islamic banks.
But my question is that if my company only pays me ...
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Can I use money to pay GOVT tax that i got from bank interest
In my country I have to pay tax to govt yearly. We call this "Tax return".
GOVT take it from us according to bank transaction and my income in a year with calculating my all wealth and ...
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Is the interest from savings account a usury?
Is interest earned from savings account or fixed deposit a usury?
Usury by definition means taking money at higher rate to exploit the borrower?
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Change of hands during heirship in Islamic economics
I recently learnt (from sources like ustad Zaid Patel's course in Hindi/Urdu and Sheikh Bilal in English) that if a person's income is haram or includes haram, it becomes halal for the other person ...
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Regarding loan/debt from both parties in Islamic economics
I've learnt that in economic deals, there should be no loan/debt from both the sides/parties at the same time. For example, if I purchased a mobile, and promised to pay "later" and ...
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Riba and loan interest
Could someone explain the reason for usury being forbidden in Islam?
Some background: I have some money, which I could take advantage of right now. Giving up this money, in the form of a loan would ...
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Considering VAT being used by the government to pay interest-based loans, is buying things in shops haram?
Each country (except a few, probably) takes loans from central banks, and then uses this money for various purposes. To pay back that money, they take taxes and VAT that people pay, and pay their ...
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Paying tuition fees through riba based bank
Is it permissible to pay my tuition fees through a riba-based bank? My school has only one option to pay tuition fees. I only go to the bank and pay the fees to the cashier and they sign my fees card, ...
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Are Islamic Car Financing Halal?
Assalamu'aalaykum,
I'm looking to buy a car and stumbled across some Islamic financing websites.
This is from one of the websites:
"...promises to sell the commodities and the customer promises ...
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What are the underpinnings of the prohibition against interest, in sharia and fiqh?
I am already familiar with Quranic references against riba (such as Quran 2:275-280) and a number of ahadith, but the issue for me is the meaning which the prophet attached to riba. In his hadith, ...
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Am I exempted if I take this student loan involving riba? [closed]
I've been working really hard in high school to get accepted to a good major in university. I'm going to start studying this summer. I need an apartment and food to live and I have no income what's so ...
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As a beginner in trading, I would like to know types of online trading to avoid [closed]
Which types of online trades are haram? I would like to know under which basis trading for stocks, and similar types of trading are haram.
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Is it haram to work in a bank? [duplicate]
My cousin works in a bank but he works in HR.
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DISOBEYING FATHER FOR NOT DOING HARAM JOB
Asslamualikum!
I was a finance student back 2 years ago. You know that doing job in a bank is haram as it involves Interest so due to this reason my aim was to do a job in a company as they aren't ...
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Is giving equity in exchange of debt riba?
on shark tank you often see deals where an investor say I'll give you $100k as debt. But i'd like 5% equity in company as well.
equity is taken right away.
debt is paid over time.
from one perspective ...
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Can I use interest to earn back money lost from inflation?
I live in a country that suffers from a high rate of inflation. I understand that interest is haram (this is not questioned). But when 100 money is worth 90 money the next year, surely I should be ...
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Are you allowed to collect bank intrest in a video game? [duplicate]
If it is Haram or Halal whats the reasoning?
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Authenticity of Hadith on Riba
Can anyone confirm the authenticity of these Hadiths with references.
“Consuming one dirham of Interest is like doing Zina 36 times”
and
“Riba equals to 70 Sins. Lowest of them is having ...
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Is attending a property transaction where buyer is getting loan forbidden?
What I have read till now is indulging in ribs in anyway is forbidden, be it taking, giving, making contract, executing or being witness.
My questions:
What if I do not facilitate loan but get muslim ...
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Is it permissible to work in a NGO that has a microfinance program, which is also one of it's source of fund? [duplicate]
Praise to Almighty Allah.
After more than 1.5 years of being unemployed, I finally got an offer from an International NGO (BRAC,www.brac.net) to work as an IT advisor in their Health, Nutrition and ...
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Doubt regarding Dhat al-Fudul and Interest
I have heard that Prophet(s.a) have pawned his Dhat al-Fudul with Abu ash-Shahm Jew, in return for some 30 sa(weights relate to food) of barley for his family. Does it involved Interest? Or did Abu ...
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Is it haram for me to take these awards?
Assalamualaikum,
Earlier this year i took part at a project in my school. We had to make a video about a certain profession and the video I made also has background music. Now, months later it turns ...
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Using PayPal to pay for goods and services
A similar question has been asked here about transferring funds through PayPal but the purpose in this question is different: it is about buying something (or paying for something you are going to get ...
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Student loan and kaffarah
Salam, I’m in really desperate need for help. Basically I have a student loan which have interest I repented from it but it’s the only money I have to live. I don’t live with family and they can’t ...
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Is it Haram to take interest in a game? [duplicate]
We know that Riba interest is Haram .
Does this apply to games as well ?
Example : MONOPOLY
Is it haram to take interest from another player ? The money is not real world money and has no real ...
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Difference between commerce and Riba in Islam, Does commerce entails risk?
What's the difference between commerce and RIBA in Islam?
Let's take the example of looking for a loan to buy a house.
Traditional banks are using Riba because they lend you money, you buy your ...
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Is working in bank IT department is haram?
I've been working in a bank for almost 1 year. I'm work involved in development & maintenance of remitting software and various bill collection utility (Electricity, Gas, Water etc) software. My ...
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If there is no way at present for me instead of depending on bank interest , what should I do?
Assalamu Alaikum. I'm a student who's father died 5 years ago. When he was alive he saved his part of income in bank accounts. Now I live with my mother and I'm the only child of my parent. As far as ...
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if I am NOT paying for life Insurance, is it permissable?
Assalamualaikum. Most of us are familiar insurance is considered haram because of the presence of riba/interest. I've started working for US government and government employees are automatically given ...
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Where are free from riba countries?
In the name of Allah,
I live in a country where all the banks are likely under a central bank that charges interest. So in order to get out of this system, I want to migrate to another country that ...
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How to avoid Central Banking System in a country?
I live in Indonesia where all banks is likely under a central bank. As we know that the central bank still applies interest rate, so all the 'sharia labelled' banks in Indonesia is still affected by ...
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Need loan to expland business operation
I am running a business and I would like to take loan from a bank to buy larger property for business expansion.
The property reamins with bank as collateral until debt is paid off.
Bank asks for 10%...
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Can I exchange notes to coins but for a lower amount?
There are situations when we are need of coins. At times,some touts like to take advantage of the situation and take a fee to the exchange from us.
For example: For a bill of $10, they return only $9....
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Take interest and give away stuff instead [closed]
If I have 300 USD of interest in cash and a jewellery of 300 USD from halaal money, if I need cash right now, can I give the jewellery to charity instead and take the interest money?
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Buying a house with interest?
I thought about it and if I want to buy a house in Germany, there is nearly no way that you buy it without interest. The exception is when you are wealthy. I know that bank interest is haram and I ...
user34340
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Is it riba if I bought something from a vending machine but it didn't accept my payment?
At the vending machine in our school, i got a hot chocolate. I wanted to pay, but the machine didn't let me. And you also have to pay with credit card. What am I supposed to do?
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Why is there no worldly punishment prescribed for dealing with interest?
It seems that interest ( riba) was said to be worse than adultery. I am wondering if that's the case, why is there no worldly punishment prescribed for ones who engage in interest but yet adulterers ...
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Indexed Linked Investment Certificates - haram or not?
I am aware that Riba (usury) and investing in specific markets (Alcohol, Porn, etc.) is haram. However I was wondering if investing in index-linked certificates are deemed to be halal..?
These ...
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How to buy a home in halal way
Assalamu Alaikum,
I knew in India all the bank giving a loan based on interest, Now a days buying a home without loan is difficult for upper class family itself. then how a middle class man buy a ...
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What is the Islamic point of view about taking balance as loan in cell phones? Does that count in interest?
When we take loans, a particular network provides us loans but then they deduct more credit after we recharge. What is the Islamic point of view about taking balance as loan in cell phones? Does that ...
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Loans based on deposit?
Is it permissible to give an interestless loan in which the loaning party holds a sentimental item of the one taking the loan until the loan is paid?
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Is extra money out of love or fine over a loan regarded as Riba?
I am trying to find the answer for the below two scenarios.
Let's assume someone has given a loan of $10000 for a period of 2 months.
Scenario 1:
The lender and borrower decide that for every extra ...
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Is being a Finance Controller/ CFO haram?
In both of these jobs, the person has to decide how to finance his business operation which sometimes is by taking loan from financial institutions like banks. Also, In multinational companies, the ...
