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Answers with Tag: Bank

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?

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?

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?

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.

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

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

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

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.

I would like to know if the halal finances provided by banks such as HSBC Amanah scheme here in the uk are permisable

The questions are of personal nature.. please email alinaam@alinaam.org.za

I wanted to know that does a halal mortage exist. because i think that if u get a motrgage halal or not you still have to pay suud(intrest) so what makes the halal mortgage halal.

I made one big blunder 2 years back. my brother had taken a car on loan, knowing fully well that the amount which he has to pay back to bank will also include the interest.

What is the procedure of home finance according to Shariah. What are the general errors in implementation of the home finance by Islamic Banks.

Our business is Civil Construction (Contracting business). I request the Ulema to help me on the following matters: Letters of Credit, Bonds/Guarantee, Security against advance received…

I wanted to ask that we have had a car financed from an islamic bank here in Sharjah, UAE. its been two years. According to the bank, it’s interest free….