Interest

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What is the ruling on paying car insurance to companies in instalments whereas they charge you added APR, instead of paying a one off instalment? Also if you only wanted to use the car for a few months, you would be paying less than for the full year.

Shaykh Muhammad ibn AdamRead

Working in an actuary firm

Shaykh Muhammad ibn AdamRead

What is the ruling on Premium Bonds according to Hanafi Fiqh?

Shaykh Muhammad ibn AdamRead

Interest (riba) in Company Shares

Shaykh Muhammad ibn AdamRead

Performing Hajj with Unlawful Wealth

Shaykh Muhammad ibn AdamRead

Working for a Company that Sells Products to Banks and Casinos

Shaykh Muhammad ibn AdamRead

Hidden Interest and Confusion

Shaykh Muhammad ibn AdamRead

Microfinance: Is it Islamically Permitted for a Financier to Demand a Fixed Return from the Borrower?

Shaykh Muhammad ibn AdamRead

I work for a life assurance company dealing with bonds, pensions and life assurance. I work as an administrator taking quote details and answering phone calls but do not directly sell to people. What is the position with my income? Do I have to leave this Job?

Shaykh Muhammad ibn AdamRead

Endowment Policies

Shaykh Muhammad ibn AdamRead

Question on the Fiqh of Financing

Shaykh Muhammad ibn AdamRead

Is my Job Permissible?

Shaykh Muhammad ibn AdamRead

Giving Zakat in the form of Salary

Shaykh Muhammad ibn AdamRead

Car Membership and Insurance

Shaykh Muhammad ibn AdamRead

I want to ask about this justification which I use based on understanding of some Ulema and majorly my own understanding, which I think could be wrong too, but if Ulema of Sunni Path concur then Insha ALLAH I will stick to it firmly, its about Riba and I want it to be clarified because Insha ALLAH I would be getting into Business field very soon. If a Bank gives you Service and takes a certain amount of money from you then would it be considered as Riba? Like for instance I am a Bank who says to Person X that I will secure your money of Rs 10,000 for the time period of 1 year and in return I take a calculated and fixed amount of money say for example Rs 1000, would this be considered as Riba? My Second Question is regarding Loan, for instance I take loan of Rs 10,000 from a Bank and the Bank says it will charge me Only Rs 1000 at the end of tenor and I will have to return the money in any case even if my business goes in loss would that be considered as Riba?, because usually what happens in Pakistan is that you have to payback the loan with interest so kindly distinguish between these 2 kind of situations.

Shaykh Muhammad ibn AdamRead

Selling Cigarettes in one’s Newsagents Shop

Shaykh Muhammad ibn AdamRead

Islamic Althernatives for Mortgage

Shaykh Muhammad ibn AdamRead

Collecting Interest Money in the Masjid

Shaykh Muhammad ibn AdamRead

Buying a Car on Loan with a Higher Price

Shaykh Muhammad ibn AdamRead

Goverment Benefits for House-Mortgage

Shaykh Muhammad ibn AdamRead

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