Bank

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Bond and Hajj

CouncilofUlama.co.zaRead

Financial Downturn

CouncilofUlama.co.zaRead

Raising funds through speaking lies

CouncilofUlama.co.zaRead

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

Shaykh Irshaad SedickRead

What Should I Do About Interest In My Bank Accounts?

Shaykh Abdul-Rahim ReasatRead

is Lariba Bank Halaal ?

Shaykh Navalur RahmanRead

Working in Bank

Shaykh Navalur RahmanRead

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

Shaykh Navalur RahmanRead

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

Shaykh Navalur RahmanRead

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

Shaykh Navalur RahmanRead

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

Shaykh Navalur RahmanRead

Can we buy a house on mortgage?

Shaykh Navalur RahmanRead

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

Shaykh Navalur RahmanRead

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?

Shaykh Navalur RahmanRead

Please give a brief regarding Islamic banking?

Shaykh Navalur RahmanRead

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.

Shaykh Navalur RahmanRead

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?

Shaykh Navalur RahmanRead

My brother works in an American bank but his work is not directly related to any loan or interest related transactions. His area of work focuses on strategic marketing of credit card related products for the bank, such as determining late fees (not interest) to be charged, etc. He is inviting me to stay at his house and obviously that would include eating at his place. I would like to know if it is halal to eat at his place considering that he is a bank employee. A quick response will be greatly appreciated.

Shaykh Navalur RahmanRead

I work as a self employed taxi man. What is the maslah regarding taking tips from customers. And do I have to pay the full tax requirement according to the law of the land?

Shaykh Navalur RahmanRead

Muhtarram Mufti Sahib, As salamu alaykum wa Rahmatullahi wa Barakatuhu, Does Islam accept the notion of “LIMITED LIABILITY” as envisaged under prevailing corporate structure of the global economy?

Shaykh Navalur RahmanRead