Find answers to your Islamic questions by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.
Q: I am going to retire in the near future. I dont want to deposit my money in any bank due to interest as it is haram. However, there are many Islamic Banks which also give returns on the deposits, though less. My question is, ‘Is keeping money in Islamic Banks and earning a profit… read more »
Q: If x person doesn’t have a good income in his business and his business is going in a loss. He doesn’t have any other source of income. This x person has a relative who has some money saved in a bank. The bank gave interest to x person’s relative for his money in the… read more »
Q: My parents had a joint bank account. Recently my father died. Now will the whole amount or half the amount in this account belong to my mother? Or will it be distributed to all the heirs? A: Only the amount that belonged to your mother will be her personal wealth. The remainder wealth will… read more »
Q: I asked the bank to change my account from profit and loss to current account and stop sending profit to me. They told me that they cannot and told me to make a new account, which I cannot do due some reasons. It is okay if I give the interest money to poor people? A: Yes…. read more »
Q: I am working as an accountant in a private company. I deal with the bank and cash received from customers and also make payements for the company. Somtimes when I calculate cash at closing time, it goes in excess. Can I use this cash for my personal use or not? One point I want… read more »
Q: I’m in a deep and serious problem with which I need some guidance. I’m in a deep debt, owing few private individuals money and I’m owing the bank also. I’ve realized the evil of riba and sincerely made and continue making taubah and asking Allah to for help to come out of debt. Currently… read more »
Q: Alhamdulillah my parents had slaughtered a cow for Eid which they included shares for myself, my daughter and my wife. I had told them that I would pay for my share as I wanted to pay for my waajib qurbani. 1. Although I asked my mother earlier, she had only given me the price… read more »
Q: The profit which a bank monthly offers against bonds/certificates is halaal or not? A: It is not halaal. And Allah Ta’ala (الله تعالى) knows best. Answered by: Mufti Ebrahim Salejee (Isipingo Beach) Source
Q: Zaid has one sister. She is 75 years old and is an Alzheimers patient. Her condition is such that sometimes she is unable to recognize her own daughter, always keeps on asking about her son (she actually never had any son), and is living in the past where she thinks her husband and mother… read more »
Q: This incident happened 10 years back. I worked for an American company in UAE. While travelling in UAE, I billed the company for my travel expenses (as per the company policy) the bill was for 20,000 Dirhams but they transferred USD 20,000 in my account. I contacted the finance person and asked him to… read more »