Bank

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If a person is having overdraft in his bank account(if has only one account),is it halal to use such money.the person is working but his monthly income is not sufficient to change the position of his bank account(overdraft).

Shaykh Ebrahim DesaiRead

I have a property ,which i took on a loan and still paying the loan amount.Apart form that laon i haev some other laon also which i took for family needs.(sister marrigae.father support)

Shaykh Ebrahim Desai, Shaykh Ismail MoosaRead

I have purchased shares through National Invest Trust (www.nit.com.pk). As you know that share prices increases and decreases. I have two questions to ask:

Askimam.orgRead

I have booked an apartment for 10% down payment, it will be constructed in 5 years approx and I will pay the remaining amount in installments till 5 years…

Shaykh Ebrahim DesaiRead

I bought a car through al-ijarah thuma al-bai'(AITAB), which mean hire-purchase. The bank claim it is Islamic concept. The concept is I choose a car from the car dealer, then I approach bank.

Shaykh Ebrahim DesaiRead

Zaid is living in Albany. State of New York in U.S.A. He has taken a loan of 187,000 USD from Bank of America and taken a house on mortgage.

Shaykh Ebrahim DesaiRead

Can you please advise whether it is permissible to stop my period for 6months using an injection in order to treat another illness which is preventing me from conceiving,..

Shaykh Ebrahim DesaiRead

I want to know about bank savings/investment, whether this profit is HALAL as Meezan bank claim.links are

Shaykh Ebrahim DesaiRead

My friend has had some money in his possession for quite along time and I think Zakat was due from him. Now he has realised what a great mistake and sin he has committed. So he wants to give the compensation for it. He used to receive a yearly bank statement (from september to august) each year.

Shaykh Ebrahim DesaiRead

Iam an indian and staying in Jeddah for job purpose.I want to perform Hajj in coming year.however i had taken some laons from bank and stil repaying the laons. so at this situation is it permisible to perform Hajj

Shaykh Ebrahim DesaiRead

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Shaykh Ebrahim DesaiRead

Kindly let me know whether i can continue this job as i am managing/supports projects of Rabobank ( The Netherlands). This bank is a consortium, co-operative banks majorly to take care of agriculture of The netherlands. Is it permissible for me to work?

Shaykh Ebrahim DesaiRead

A person took out a loan from a bank to buy a car. The payment on the loan involves interest. After a couple of months the person wants to change his/her life and wants to stop all the evil he is involved in, like interest. The person still has 2years to pay the car off. Is there any advice for this person after he has engaged in touba?

Askimam.orgRead

Mahomed wanted to open a business. He approached his friend Zaid for help. at partnership(50/50). Mahomed invested R60000.00 and Zaid invested R60000.00 plus the equipment..How do Zaid and Mahomed dissolve this partnership?

Shaykh Ebrahim DesaiRead

I read a fatwa passed by Mufti Zuber Bhayat shaheb that it is permissible to invest with al baraka bank provided the paper work is checked by a reputable Aalim,i need to know if i can invest with al baraka?

Shaykh Ebrahim DesaiRead

I am currently employed at a motor dealership, our business is done in a way where we arrange finance from the various local banks which include interest.

Shaykh Ebrahim DesaiRead

A few years back ( – 4 years) I had an opportunity to purchase a piece of land from the Bank…..

Shaykh Ebrahim DesaiRead

Is it permitted to hoondi business? Exactly like what western union, money gram companies are doing ?

Shaykh Ebrahim DesaiRead

My question is about how to calculate the zakat for earning and savings in the bank?how much money should i have had received before i am entitled to pay zakat for both

Shaykh Ebrahim DesaiRead

I know that receiving interest is not pemissible, however I need to know if one can offset interest received against interest paid on credit cards and bonds.

Shaykh Ebrahim DesaiRead