Bank

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Gifts from Riba Income

Shaykh Shafiq JakhuraRead

Can a person work as a teller in a conventional bank ?

Darulihsan.comRead

I have a 90 day participation account at Albaraka Bank. I get a quarterly “PROFIT” on maturity

Darulihsan.comRead

I have funds invested with albaraka bank called “regular income provider”

Darulihsan.comRead

Use of Credit card facility

Darulihsan.comRead

If an organisation receives interest, can this interest funds be used to pay its expenses

Darulihsan.comRead

Ive heard a lecture a while back about “Interest”. (Fatawa)

Darulihsan.comRead

Purchasing repossessed cars

Shaykh Shafiq JakhuraRead

Fatwa – Fund Raising dinners for Islamic projects

Shaykh Shafiq JakhuraRead

Working in a Conventional Bank Data Center

Shaykh Shafiq JakhuraRead

Let’s say, I invest $1,000, the broker invests or lends $99,000 and together we buy the currency like euro worth $100,000. The broker will not charge any interest on the money that he invested or lend, because it will be a Shariah compliant account.     – If the rate of the euro goes up and I decide to sell the euro. The broker will take a small share of the profit and rest is given to me     – If the rate of the euro goes down below a certain margin which is determined by the amount I invest, my broker will close the trade and take his money back and I will lose the money I invested. Also, another place were interest may be involved is when the buying and selling is not done on the same day, then a rollover occurs which mean that either we have to pay interest or give interest on the currency you have bought, but the brokers is offering a swap free or interest free accounts for Muslims only, in which, even if you do not close the trade on the same day, they will not debit or credit any interest. I am interested in Spot trading not Future trading. Please let me know if this type of trading is Halal.    

Shaykh Shafiq JakhuraRead

Working in Islamic Banks

Shaykh Shafiq JakhuraRead

Is it permissible to work in the IT helpdesk department in an investment bank?

Shaykh Faraz AdamRead

Can interest money be given to a children’s hospital?

Shaykh Ebrahim Desai, Shaykh Faraz AdamRead

Is it permissible to use overdraft which is interest free

Shaykh Ebrahim Desai, Shaykh Ismail DesaiRead

Is there any Shari’ah Compliant Leasing products in Switzerland?

Shaykh Ismail DesaiRead

Is investing in Virgin Gold Mining Corporation (VGMC) Halaal?

Shaykh Ebrahim Desai, Shaykh Ismail DesaiRead

Kindly calculate Zakaat for following: Cash on hand R20000. Car financing bal.R25000. Monthly car installment R1450.

Shaykh Ebrahim Desai, Shaykh Ismail DesaiRead

Is “Lloyds TSB Planned Overdraft Facility” Shari’ah Compliant?

Shaykh Ebrahim Desai, Shaykh Ismail DesaiRead

Can I work as a bank teller?

Shaykh Ebrahim DesaiRead