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Interest

This answer was collected from the official website of Darul Uloom Deoband Waqf. The institution is based in India and the answers are provided in accordance to the Hanafi Fiqh.

Bismillah As salaamu alaikum I have received Bdt 100000.00 dividend as a shareholder of a private … Jal keep you in Aafiyat in dunia and aakhirat.

Answered by Darulifta Deoband Waqf

Bismillah As salaamu alaikum I have received Bdt 100000.00 dividend as a shareholder of a private company. I have calculated the interest portion of that dividend and it is around Bdt 5000.00. Now I am purchasing a car. May that interest be used for paying car registration fee and VAT ? May Allah Azza Oa… read more »

As salamo alaikum.I have a cyber cafe.Some banks are providing me CSP (customer service point).CSP … take this service and open a CSP. Please help.

Answered by Darulifta Deoband Waqf

As salamo alaikum.I have a cyber cafe.Some banks are providing me CSP (customer service point).CSP means a mini branch of a bank where bank accounts can be opened, cash can be withdrawn/deposited.Can I take this service and open a CSP. Please help. Answer: Ref. No. 40/1161 In the name of Allah the most Gracious the… read more »

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In case I buy any electronic stuff under EMI scheme which is asking to pay some processing / … actual price of that thing.. is that halaal?

Answered by Darulifta Deoband Waqf

In case I buy any electronic stuff under EMI scheme which is asking to pay some processing / paperwork charges and while repayment asking only actual price of that thing.. is that halaal? Answer: Ref. No. 40/800 In the name of Allah the most Gracious the most Merciful The answer to your question is as… read more »

According shariah, it is unlawful to take home loan from interest-based Bank. However, if there is no … in order to save one’s hard-earned income?

Answered by Darulifta Deoband Waqf

According shariah, it is unlawful to take home loan from interest-based Bank. However, if there is no lawful method to save oneself against income,  in this situation is it allowable to take home loan in order to save one’s hard-earned income? Answer: Ref. No. 41/996 In the name of Allah the most gracious the most… read more »

Assalam u alaikum janab aali can i purchase a car from indian banks on finance basis (on … or haram. kindly advise thanks and regards imran azeem

Answered by Darulifta Deoband Waqf

Assalam u alaikum janab aali can i purchase a car from indian banks on finance basis (on installments) in this process the excess amount which is paid in the form of interest is allowed or haram. kindly advise thanks and regards imran azeem Answer: Ref. No. 1221/42-527 In the name of Allah the most Gracious… read more »

Assalamualikum. My father in law was an employee of Bangladesh Bank(Central Bank).Recently his banking … bank income?(As per Quran or Sahih Hadith)

Answered by Darulifta Deoband Waqf

Assalamualikum. My father in law was an employee of Bangladesh Bank(Central Bank).Recently his banking career comes to an end.Some part of his career he was in Library Department and during the end part of his career he was in Law department.As per my father in law statement in Law department there is no connection of… read more »

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