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Reader on interest (riba), mortgage, leasing, insurance and other related matters of Islamic finance

Answered as per Hanafi Fiqh by Qibla.com

Answered by SunniPath Answer Service Team

Reader on interest (riba), mortgage, leasing, insurance and other related matters.

Answer:
In the Name of Allah, Most Gracious, Most Merciful

RIBA (INTEREST),


Shaykh Buti on Riba (usury) in the West


Why is Riba, such as bank interest, forbidden? Are there alternatives in Britain?


Different ways of getting into riba


Interest, Riba, and War


RE: Follow-up Question on Riba in the U.S


Riba, Bank Interest, and Taking out a loan to start a business


RE: Emotions and Usury


Can I work at bank which works with riba? I live in a non-Muslim country.


Perfoming Hajj with riba debts due


Hajj on an interest-bearing loan?


About Riba with Parents


Is an ”administration fee” payable to settle a loan considered Riba?


Financing Economic Development Through Usurious (Riba-based) Loans


Accepting Interest so that Banks don’t “Use it Against Us”


Markups and riba


Repentance from riba


Riba Money: Not wanting the Bank to Benefit

Riba in the West

My father’s earnings


What’s one’s priority: pay off debts with interest or financially helping parents


Understanding Islamic Finance


Does taking drawing money from one’s own company at market interest rates constitute riba?


Deferred payment: Difference between things purchased and money lent


Partnership and taking out an interest based loan


How do we deal with interest from current accounts in conventional banks in terms of Zakat?


What If Bank Interest Is Minimal, Is It Allowed?


Al-Azhar Fatwa Declaring Interest Permissible


No justification for interest based loans


Is Interest Inevitable?


Why is bank interest haram?


Student Loans & Interest


MUFTI TAQI: Can Interest Income Be Applied Toward Taxes?


Husband Supporting Family with Haram Money?


Taking interest in non-Muslim lands?


Disposing of Bank Interest


What to do with things purchased with earnings from interest dealings?


Necessity (darura) that makes unlawful lawful… loans on interest? No!


Interest-bearing Loans, Trips, and Limits


Someone else taking interest loan for us against our will


Working at a firm which may have transactions involving interest


How do I get rid of the interest that accumulates in my bank account?


How to Get Rid of Haram Money


Gifts from Bank Money and Salary During Leave of Absence

MORTGAGES,



Victim of ribawi mortgage: Keeping our duty…


My friend acts as a middleman for interest-based home-financing. He doesn’t follow a madhha
b
The right way of getting out of a mortgage…

Getting Rid Of Riba Money


Getting a mortgage for my father to lesser the interest….


Home Equity Loans: Permissible when the creditors have an ownership in the property proportiona


Getting a mortgage for my father to lesser the interest….


Mortgages in Cases of ‘Need’?


House Contract, A Girl, and Parents


Can One Take a Conventional Mortgage If Islamic Financing Is Not Available?


If you have a mortgage, do you have to pay zakat?


Purchasing a house which still has interest bearing loan…


Are Islamic alternatives for an interest-based mortgage: interest-based transactions in disguise?


Benefits, Mortgage…


Purchasing a house which still has interest bearing loan…


Unpaid Zakat, Mortgage, and Debt: What Do I Do?


RE: Loans, money and homes


Diminishing musharaka (co-ownership) home financing


Can we take out a mortgage? It is both financially advantageous, and
avoids a lot of immigration headaches for close relatives…


Shared ownership schemes


Benefits, Mortgage…


Zakat on Rental Income (which is used to pay off halal mortgage)


Can we take a loan & later re-finance with a Shariah-Compliant Company?


Guidance Financial Islamic Home Financing

LEASES/FINANCING


Fiqh of financing


Leasing a Franchise that sells haram products


Borrowing a motorbike that was purchased with a riba loan and making the loan payments


Financing: alluring ways to fall into riba


Is it Islamically permitted for a financier to demand a fixed return from the borrower?


Signing a contract which contains a payment clause on interest


Purchasing car on deferred payments: Paying more than the actual amount…


Leasing a car – Is it permitted, and if so with what conditions?


Interest on car? Buying a car with a higher price if the payments are differed…


Islamic Financing in the US

INSURANCE


Working with Medical Insurance


Paying £500 deposit or taking out insurance for a rented car


Selling insurance policies to non-Muslims?


Islam’s position on prevalent forms of insurance


Insurance policy maturing now…


Working in Insurance Company


Working in an insurance company


Car Insurance and a Family Dispute


Car Insurance Issues…


Insurance claims in car accidents…


Working for a life insurance company


Can a Sick Relative use my Insurance?


Life Insurance Money


Selling Car Insurance

RE: Insurance Claims

Public liability insurance


Is Deducted Life Insurance Money Halal? Please Explain


Selling insurance for a financial institution


Making Claims on One’s Car Insurance

OTHER RELATED MATTERS



Monetary Penalties on Late Payment: If a Customer Delays in Paying, Can we Charge him for this


Premium Bonds


Is it haram to use credit cards?


Delays in Making Credit Card Payments


Mutual Funds: Are they allowed?


‘O ye who believe! Devour not usury’ My father bought me saving
certificates which have multiplied in value: what do I have a right to?


Is it permitted to take inflation-adjusted loans?


Stock market investment


Do our scholars understand? RE: I have put money in an endowment policy: Is this fine?


Trading in currencies


Buying and selling gold for profit?


A person can borrow from their own IRA account to pay for education. But the government mandate


Death Benefit Schemes


Islamic Investments: Shari’ah Principles Behind Them


House insurance for break-ins, and damage: Is it haram?

I have put money in an endowment policy: Is this permitted

Is it permitted to accept a gift from someone whose money is mixed with the unlawful?

How to dispose of unlawful money


Haram Mosques?


Regarding Investing in the Stock Market…


Are Prize Bonds Halal?


Borrowing Money Across Borders


Bank Employment


The Fiqh of Working for a Bank


Currency Service


Investing in the Stock Market


Confirming whether my investment is, in fact, halal


The Fiqh of borrowing: Paying back debts


Accountants: Work & Interest Transactions


Student Loan to Cover Credit Card Bills?


Sending Clients to a Collection Agency


Bank loans when there is ‘dire need’


My mother forgot to pay the credit card bill on time, and now there’s an amount of interest sh


Compensation Fund Increased in Value: Halal or Haram


Declaring bankruptcy due to bad financial situation


The job of a lawyer, barrister or solicitor in the West


Would a career in real estate, as an agent, broker, or appraiser be permissible?


Working for a life insurance company


Working as a security guard to guard a bank


How does one deal with an invitation from someone whose income is not lawful


Pre-paid legal services


Welfare, Working Under the Table, and the Issue of Cheating and Deception

Choice of jobs


Fundraising for the mosque with tickets with prizes


Permissibility of and Zakat on 401k plan & other securities


Lottery funding for Islamic project

This answer was indexed from Qibla.com, which used to have a repository of Islamic Q&A answered by various scholars. The website is no longer in existence. It has now been transformed into a learning portal with paid Islamic course offering under the brand of Kiflayn.

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