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    Answers with Tag: Bank

    Should I return the interest from my tax return to IRS (Internal Revenue Service)? Should I give this money (interest) to some needy people?

    Understand that working in a banking institution is not right. I feel that collecting interest and paying is haraam but obtaining a salary is not interest since it is money worked for.

    A book refers a Maseehah Hadith-interest can be used to build Orphange’s and the like. Please clarify this.

    I have discharged my Zakaat to a reputable organisation, but I have discovered that they bank the Zakaat money and distribute it during thecoming year as the need arises.

    Is it permissable to use money one has recieved in a haram mannner such as interest, donate it to the poor without having any intention to get an reward

    Can interest earned on the bank account be used to offset bank charges (mainly govt taxes) for that same account or other accounts.

    How do I re-claim money that is owed to me if the other party refuses to return it?

    Can we put money in the bank?

    What should the daughter of a bank officer do?

    Is it permissible to use interest money to repair public roads?

    Are you allowed to take your interest from your bank account and use it for yourself in this country (Britain)?

    I work for natwest bank

    If a person wins money by gambling(millions) can he use that money? Can he use it to pay his debts or invest it in the bank and use the interest money to pay his debts?

    I bought a home where the bank owns the home. Monthly I pay rent and a portion to purchase the home. Can I claim the amount I still ‘owe’ as a liability against my assets when calculating zakat?

    Most of my relatives do not do purdah among each other. Should I attend any parties with such relatives. Is it needed to cut relations relations with such relatives?