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In and of itself, mortgaging isn't haram in Islam; there are a number of hadiths (e.g. this one recorded in Bukhari) indicating that the prophet himself engaged in mortgaging transactions. The same can be said for the taking of loans.
The problem with mortgaging comes from the fact that such loans often involve interest. For example, if you receive a ...
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As you mentioned in your question ,verses and hadiths which prohibits usury ..
After I asked a Sheikh, he told me to try as much as possible to stay away from usury, and do all what you can to do so.
I would like to
remind you of Prophet Muhammad's speech peace be upon him:
whoever leaves something for Allah's sake , Allah will reward him with a better ...
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As mentioned in OP, those who devour riba are clearly condemned; the Qur'an is very clear on this when it says "…Allah has permitted trade and has forbidden riba……".
The Qur'an also clearly tells the believers "…do not cooperate in sin and aggression…"; when it is known that taking riba is a clear sin, then knowingly and ...
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Basically, such a lease is just a contract in which one sells the right to use a product (the car) rather than selling the product itself; in Islamic law such arrangements are known as ijarah.
While there are some difference of opinion on the specifics (e.g. defined length of contract or onus of maintenance), ijarah in general is considered permissible by ...
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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 ...
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The fatwa in question is highly publicized, and is the basis that many so-called modernists allow interest-based loans. It may prove to be very difficult to find the actual text of the fatwa since it appears to be merely rumored by the Khedive (ruler of Egypt and Sudan at the time, who had major disagreements with Muhammad 'Abduh), but is nowhere else to be ...
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There was an episode of Friends in which Monica and Phoebe debated whether it is possible to ever do something that is 100% selfless. In the end, it was decided that it is extremely difficult, if not impossible because the mere act itself could bring happiness or karma or what have you to the person.
I don’t know sharia law inside and out, but I strongly ...
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The contract is originally a rent contract with one term. The term is after paying all duties(your monthly payment and other things) the landlord will sell it to you by Hiba. This is accepted by all Ulama.
Here is the English article about this
And If you can read Arabic you go to this book الاجارة المنتهیة بالتملیک و صکوک الاعیان الموجرة/ دکتر منذر قحف ...
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The only problem with present day banks are the interest/usury (riba) that is involved.
If you have no direct involvement in any riba transaction, then it's fine to work there.
'Abdullah bin Masud and Jabir bin Abdullah both reported Rasolullah
cursed the accepter of interest and its payer, and one who records it,
and the two witnesses, and he said:
...
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I used to work in them myself but the truth is, whether you deal with interest directly or not, you are aiding and facilitating it- It is haram
'Abdullah bin Masud and Jabir bin Abdullah both reported Rasolullah cursed the accepter of interest and its payer, and one who records it, and the two witnesses, and he said: They are all equal.
Would it be ok to ...
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As far as I studied some well-established reference, and discussed with some scholars (yes, they are hanafi), (i'll update my answer asap i get hold onto related on-line reference)
if you have no other feasible/safe way to store your money in a interest-based bank,
you should take out the "riba" amount asap, to separate it from your halal money,
use it ...
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Interesting question!
I don't believe I've ever read of any scholars discuss it, let alone issue any fatwas. So this will be personal conjecture.
But first, let's explore the definition of riba in Islam. There are some differences of opinion, but generally it is defined as "unjustified increase of value for one party during the exchange of commodities of ...
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I think you can accept it. Remember when prophet and followers reached madeena, there were non-muslims who helped them with money,food,shelter,etc. They never asked about halal or something. In your case, you can't decide whether it is halal or not even from muslims. Leave it to God and continue your work. All the best for your group.
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At a glance, there seems to be no problem in your definition of leasing. You (the customer) pay a rent (in Arabic it means إجارة) on a monthly basis and return the vehicle once you're done with the period.
But the reality is not the same. When implemented, leases or ijaarah don't work like this. There is a lot of fraud or cheating taking place and interest ...
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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....
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If money laundering is a crime, then it's not permissible. Muslims are required to obey the law.
O you who have believed, obey Allah and obey the Messenger and those in authority among you. ... -- Qur'an 4:59
This is confirmed by fatawa, e.g.:
Muslims must adhere to the laws of any country they live in, whether in the west or the east, as long as the ...
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This is more of a translation limitation. There is no equivalent in the English language that can be directly used in this context. The phrase in Arabic أَضْعَافًا مُّضَاعَفَةً uses what is called al-hāl for ad'āfan (Arabic: أضعافا), and al-na't for mudā'afah (Arabic: مضاعفة).
Al-hal (a condition, basically) is always considered singular in the Arabic ...
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All major Islamic schools of thought hold the Quran and Hadith as the main sources to derive laws from.
Allah is Himself most strictest against users of usury when He says:
O you who have believed, fear Allah and give up what remains [due to
you] of interest, if you should be believers. And if you do not, then
be informed of a war [against you] from ...
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Short answer:
No, and there's no exception!
Explanation:
As Abdullah mentioned in his answer riba (interest/usury) is a major sin and in fact it's one of the 7 distractive sins along with Shirk (associating partner in worship to Allah), Magic, Killing a person, Unjustly Eating the wealth of an orphan, Fleeing from the battlefield, and Sexually slandering a ...
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Salam O Alikum,
Perhaps too late to answer this question, but I ll add this just in case someone else might benefit from it.
I know of some brother who actually found a way around it.
When you take education loan (essentially government based) then the interest starts building from day one. And if you are doing a 3 year course then by the time you ...
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Even among the scholars who support purification of interest-based income there are strong arguments against disposing of the money toward such things as maintenance of masjid or in the cause of God: God is pure and loves pure things, so spending impure funds directly in His cause is hardly appropriate.
As such, the first four options would be discouraged. ...
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One of the most apparent drawbacks of interest based economy is that it enables accumulation of money in the hands of few people. Interest also decreases purchasing power of money and causes inflation.
In a healthy economy cash flow needs to match with that of goods and services. See, for example, "Circular flow of income" for a simplified reference model. ...
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And if you do not do it, then take a notice of war from Allaah and His Messenger but if you repent, you shall have your capital sums. Deal not unjustly (by asking more than your capital sums), and you shall not be dealt with unjustly (by receiving less than your capital sums). (Surah al-Baqarah 2:279)
What is haram is actually the fluctuations of interest ...
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First of all, you have to know that in the first case (when you have to pay interest on rent) is not in your hands. You did not intended for this to happen, you were just caught in it.
But, in case of taking loan from bank, it's my personal suggestion that it will be interest over more interest, which will surely create more problems for you. You have to ...
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When one reads the Koranic references to riba, particularly Koran al-Baqarah 275-280, there is usually a reference to injustice, exploitation (ie "redoubling") and the benefit of charity. Riba embodies an element of injustice and unfairness, and this is consistent with the emphasis in Islam on social justice. An interest charge in a competitive market ...
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Firstly, you should notice that working or getting every money which is related to Rabawi transaction is considered as a haram practice. But in other cases which is not related to Rabawi transaction, it seems not to be haram if the mentioned bank is giving it to you as an incentive. (As far as I know).
Reference:
portal.anhar.ir
answered Jan 28 '15 at 11:07
اللهم صل علی محمد و آل محمد
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I do not need to give detailed references here because I think this is not just about Islam but also about personal finance and money. I will try to be very frugal in my response and I mean no disrespect but Islam teaches us to live within our means and if you do not have money for a new car then do not purchase a new car.
Quran - Surah Furqan (25:67) - "...
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