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6

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 ...


6

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 ...


5

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 ...


5

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 ...


5

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 ...


4

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 ...


4

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 ...


4

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: ...


4

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 ...


3

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 ...


3

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.


3

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 ...


3

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 ...


3

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 ...


2

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 ...


2

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 ...


2

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. ...


2

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 ...


2

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 ...


2

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


2

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) - "...


2

The basic difference Riba and rent is that ... In the case of Riba, the commodity which you were talking about is money, and in the case of rent, the commodity is property. So, profit obtained by renting property is allowed in Islam as opposed to earning profit by renting money, which is lending and earning interest. Hence they're not the same. May the ...


2

I'd like to answer your question using a few Hadiths: It was narrated that Abu Hurairah said: "The Messenger of Allah said: 'Gold for gold, weight for weight, like for like; and silver for silver, weight for weight, like for like. Whoever gives more or takes more has engaged in Riba." Sunan an-Nasa'i 4569 It is considered Riba when two identical ...


2

Yes, crowd-funding is halal (as long as the target activity is halal). In fact, Muslims have been doing this for ages for building masjids, bridges, roadways and other public goods. Even LaunchGood, one of crowd-funding sites, self-claims to be halal: Are you guys halal? Yup. We're 100% certified zabiha halal :)


2

The answer may be yes and no. In fact apparently your answer would be depend on the part of bank where you intend to work in. I mean in case of working in relevant part jobs of the bank which are relevant to riba acts, then you must avoid it otherwise your income would be haram. Also you should don't forget that you mustn't find a haram job by justifying ...


2

This is called Bay' bi At-taqsit. From what I know, some Oulamas (Ath-Thawri, Al-Awzaï, Al-Albani) say that is not permitted, because they consider it Riba. But there's other Oulamas, like Malek, Abou Hanifa, Ach-Chafiï, that refute this judgement, and have arguments to do so (too long for me to share them here). But to resume what they're saying, if the ...


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