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Now the point is as follows as long as you don't have direct deal with riba your earnings are halal. But if you somehow deal or help for riba business your earnings are haram. This means if you don't have direct contact with riba all you do is halal. I found a fatwa (Arabic) saying that you can even work in a bank (that deals with riba) if you work in ...


3

Riba is Haram. Here, in my country, they offer online banking. I think this happens all over the world. So, I can create as much as accounts online. Then I have created a separate account for Riba and each month I transfer the interest to that virtual account via online banking. So, Riba doesn't mix up with my money and I don't need to care about that Riba....


3

Banks serve a very important function in current society. Unfortunately, one of those activities also includes dealing with interest. But, leaving that aside, most of the halal businesses would not be able to function without the access to funds, and the facilitation of transactions. So, as a blanket statement, Banks are not haram, and working at a bank ...


2

According to the Bank Negara Malaysia, the rabb-al-mal has "a right of access to reasonable information regarding the mudarabah venture." [Shariah Standard on Mudarabah § 10.5]. While this is classified as a Shariah standard, it does not go into detail on how this ruling is derived or what exactly constitutes "reasonable information." I have however ...


2

I am from India and in same situation like yours. I need to make payments for hosting and other services through credit card. Recently I got a credit card from my bank which has auto debit feature, which means on due date whatever balance is due from me, it is debited from my SB account. This way I never have to pay any interest, if I ensure there is ...


1

is that was a punishment from Allah not obeying my father God does not usually intervene immediately on our deeds, neither the good deeds nor the bad deeds. He admonishes us to be good and patient. Yunus 10:108 Say, “O people, the truth has come to you from your Lord. Whoever accepts guidance is guided for his own soul; and whoever strays only strays to its ...


1

It wouldn't be much of an Islamic bank if it were haram. There are ways to make it halal, and you can contact the bank to ask for details and some Islamic banks have fatawa declaring it halal. The usual process is described by an AboutIslam fatwa (about houses): Islamic banks buy the properties for cash and sell them for a higher price on installments. ...


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There are Muslim charities to which you can donate to "cleanse your income" in Islamic ways. For example, Islamic Aid write: Can I donate interest money to Islamic Aid? Yes, you can. We will use your money to support our work helping save lives of the poor and needy but will not use it on projects where interest should not be spent, such as the ...


1

Every transaction or investment that contains interest/riba is not allowed in Islam. Maybe you interesting to do sharia investment called Mudharabah and Musyarakah


1

It is haram to invest when there is interest involved. Interest is called riba in arabic and interest on investment or loan is called riba an-nasiya which means an excess charged for a loan in cash or kind which is haram. As for your condition, if you do not make interest on your investments, you can do business with them as long as you follow shria.


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maybe i can help a little, i work at one of islamic/syariah bank in indonesia. according to my associate, apart from reconstruction or rescheduling, in case of default, rather than grab the house then sell it in order to cover the remaining debt in other words, we (bank) could buy back the house and sell it (auction). then bashir get the 40% of it. all ...


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The nature of riba in Islam How do you think about this issue? I need some perspective on this, but perhaps I am being too idealistic in the world we live in? NO, you are definitively not too idealistic. Ethical investment is a very important issue in the world we live in. Indeed, your question shows that you have great honesty in your faith. This will be ...


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It could be related to the part in which you are working. Since as I found the viewpoint of Ayatollah Sistani, according to his ruling: In case working in the bank is in a part which is related to Rabawi transactions and somewhat be effective in fulfilling of that, then it is not permissible for him to work there. But working in the parts of the ...


1

assalaamualaikum look it has reached a point in todays society where money is the basis of everywhere we go, just like in the hadeeth of Rasool Allah (SAW). Interest is absolutely haraam, as allah says so in the quran, He has made trade halaal and interest haraam. Even in islamic banking systems, they still make profits and losses, but they have different ...


1

Let's look at another example. Let's say one housing developer wants to sell his houses direct to customers from his real estate project. He does not use any banks or any kinds of financing in order to sell his houses since he will be responsible for the selling and the collections of the installments within 20 years. He has calculated that each of the ...


1

It’s very simple people make it more complex. Just take a simple example, you have a house of your own and someone came to you and asked you to give me your house on rent as I wanted to open a prostitution in your house and i will give you rent for this per month. Now you know the prostitution is a SIN and the purpose is become in your knowledge that your ...


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