Questions tagged [riba]
Riba means Interest. Riba is Haram (forbidden) in Islam, and it is considered a major sin.
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Is working in insurance company allowed if the Sharia Council of that country has approved it to be following Sharia rules?
I have been offered a job from a medical insurance company to work in their head office. In their profile they say that their company's operations are approved by Shariah Review Bureau (this ...
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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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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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Is it OK to teach banking related subjects in school?
Is teaching interest based banking system in school allowed for a Muslim teacher?
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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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Inquiring legality of istisna mode of transaction
If I am ordering something for manufacturing based on my unique custom needs, like furniture for example, without providing material by my side, I want to know regarding payment options I have with me....
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Product segregation and pricing
Is it halal for a producer, say a farmer, to segregate his products from the same farm into lower quality and higher quality (e.g. smaller oranges vs. larger oranges) and sell them at different prices?...
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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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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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Does the Hanafi school permit debtors to profit from loans?
Unlike a personal loan, which is typically taken and used in need, business loans are often taken with the express intent of profiting therefrom. Often, a business may choose to go in debt not ...
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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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Is interest entirely haram or can there be exceptions under neccesity?
A query in similar to a question posted on this site (Is interest-based educational loan allowed? ) (this may seem like a similar question, but from a clear angle).
Allah says: “Those who devour ...
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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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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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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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Can one do sadaqa (voluntary charity) out of haram income?
Can one do sadaqa out of haram income?
Is it acceptable to almighty? Or almighty will punish him who will pay sadaqa out of haram income?
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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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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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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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What exactly is Riba?
I know it means interest. I'm a 16 year old girl revert and I don't quite understand the laws of riba. For example, are phone contracts haram? Are scholarships haram? Is insurance haram?
How can I ...
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Does buying a phone in installments involve riba, given that the total cost is more?
I am planning to purchase a phone for £25 upfront payment and £25.52 and over 24 months it is £637.48 for the iPhone 7, however, the Buy It Now price is £539, I am aware this includes interest but is ...
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Why is Interest such a bad thing according to Islam?
Source of quoted texts: islamqa.com.
"Those who eat Ribaa will not stand (on the Day of Resurrection)
except like the standing of a person beaten by Shaytaan (Satan)
leading him to insanity. ...
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Why is Murabaha not considered Riba?
To take the definition of Murabaha from Wikipedia:
This concept refers to the sale of goods at a price, which includes a profit margin agreed to by both parties. The purchase and selling price, ...
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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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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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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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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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What is ربا (Riba) according to the Quran?
What is Riba according to the Quran?
Please also state the verses in the Quran that hints to the term.
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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 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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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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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 fiat currency devaluation via inflation a form of interest, making fiat currency based money haram?
Since almost all currencies used today are fiat currencies with no real intrinsic value, and since most fiat currency devalue, is it really interest when any money bearing this interest is itself ...
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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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How to cope with interest payed by banks?
People have saving accounts in bank to save money in a secure place. And Salary accounts are also a kind of Saving account. Banks usually pay a small amount of interest after particular interval. My ...
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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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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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Is indirect help to a riba business haram?
I came across the question Working in banks in an Islamic country. According to my understanding of the answer by Shaykh Muhammad Saalih al-Munajjid,
You are doing haram if you are helping someone ...
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Do we know if Allah prohibited all forms of riba with the children of Israel?
Salaam,
In the Old Testament, we have the following verses that talk about riba:
"You shall not charge interest on loans to your brother, interest on money, interest on food, interest on anything ...
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Is interest-based educational loan allowed?
Students from economically backward communities who opt for higher studies generally depend on educational loans, which are offered with interest, either by banks, developmental organisations, or by ...
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Is it haram to invest on a bank's stock that has interest as a source of income?
I want to invest in a bank's share, but I know the bank earns interest as a source of income. But it does have other sources of income too. Will it be haram for me to invest in it knowing that it ...
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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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