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Interest

This answer was collected from the official ifta website of Darul Uloom Deoband in India.

Provident Fund

Answered by Darulifta-Deoband.com

I am an employee working in a PSU company of Govt. of India. Company gives option to employees to keep their provident fund (PF) money for 3 more years after retirement, if they wish. In the event an employee keeps PF money for 3 more years, does he/she shall have to give zakah on the… read more »

Investment and intrest

Answered by Darulifta-Deoband.com

I am a central govt employee and paying income tax which is deducted from my salary. (1) I am investing in PPF account in SBI bank and eligible for some return as a interest. (2) I am also investing in society run by our office and it is govt registered society. My query is that,… read more »

The bank account of the masjid has earned some interest. My question is that what is the legal procedure of the said interest?

Answered by Darulifta-Deoband.com

The bank account of the masjid has earned some interest. My question is that what is the legal procedure of the said interest? بسم الله الرحمن الرحيم (Fatwa: 1104/954/SD=9/1439)   Interest money should be given in charity to the poor and needy ones without intention of reward whether the interest money is earned from the… read more »

Whether my job is halal or haram

Answered by Darulifta-Deoband.com

I need to clarify regarding my work in my company I am technical in charge of a software that carries information and sends to banking systems and get response back and shows details to users, like when you buy things in market – you pay using credit or debit card, the software taking care of… read more »

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