Home » Posts tagged 'Bank' (Page 3)

Answers with Tag: Bank

Raising funds through speaking lies

Is It Permissible to Keep My Friend’s Money in a Sharia-Approved Profit-Bearing Savings Account?

What Should I Do About Interest In My Bank Accounts?

is Lariba Bank Halaal ?

Working in Bank

If I want to purchase a medallion from someone, who has borrowed loan from the bank to pay off that medallion?

If I own ten thousand dollars and incur interest money on it from the bank, can I distribute that money amongst the poor?

What say the muftis of the eminent shariah about the employment in the bank?

Can we work for collection agency that collect money on interest for the banks?

Can we buy a house on mortgage?

Can we pray behind an Imam who doesnt believe that Prophet Mohammed (PBUH) is not Afzal-ul-Ambiya?

I am a software consultant currently working in a project not related to banks but because of some problems at workplace, the consulting company has offered me to work with bank as a client. I am working abroad and have been hired by the consulting company and they would be paying me the salary. Is this salary Halal to me?

Please give a brief regarding Islamic banking?

I am looking to buy house. I was told that there are a few bank/financial corporations that offer Islamic Financing. They are: Devon Bank http://www.devonbank.com/popup/Islamic_overview.htm Guidance Financial http://www.guidancefinancial.com/ They provide a rent-to-own option. My concern is that they calculate the rent based on the current interest rates that are set by the Federal Government. As a matter of fact, their rates are higher than a conventional bank. So is it ok get a loan through Guidance or Devon, even though they charging rent based on the current interest rate. Plus they are charging a higher rate than the regular banks. So then what’s the difference between getting a long through Guidance/Devon versus getting a loan from a regular bank. Your input on this will be truly appreciated.

I have been made aware of a compliance/financial audit job with Federal Reserve. I do have a friend working there who told me that I am qualified for the position there. Federal Reserve is not like a regular bank where it lends money on interest to consumers. It is more of a regulatory body of the Federal Government that governs economy, and other banks for compliance with government regulations. It is the bank that prints currency bills. I am presently working for a large public accounting company and am exclusively working on audits of commercial banks that lends money to consumers on interest. Is it halal for me to accept this kind of Federal Reserve job?