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    Answers with Tag: Interest

    As mentioned in different ahadith regarding the qamis of Rasulullah is that its sleeves used to reach wrist (Shama il Tirmidhi), but as seen in Topkapi museum in Egypt is that its having half sleeves. Please clarify.

    I have purchased shares through National Invest Trust (www.nit.com.pk). As you know that share prices increases and decreases. I have two questions to ask:

    I have read many fatwas that interest is Haraam and I have no doubt sabout it.

    Zaid is living in Albany. State of New York in U.S.A. He has taken a loan of 187,000 USD from Bank of America and taken a house on mortgage.

    I have about $10,000 worth of net debt. Can my father give me some of his interest money.

    Is it permissible to take out home insurance for the building only? not the contents?insurance for the building against natural disasters such as earthquakes etc?

    Is it permissable to work for a financial organisation that deals with interest. Although i wouldn’t be dealing with it directly but my employer will be.

    I have morgage outstanding my inlaws want to go to haj they are aware of morgage but still want to go should they perform haj ?

    CORRESSPOND

    A person took out a loan from a bank to buy a car. The payment on the loan involves interest. After a couple of months the person wants to change his/her life and wants to stop all the evil he is involved in, like interest. The person still has 2years to pay the car off. Is there any advice for this person after he has engaged in touba?

    I am in India, I have a plot in city. I am planing to construct a building and rent out it offices becoz that particular land is exclucively suitable for offices. I got very good offers only from banking and insurance companies

    I am currently employed at a motor dealership, our business is done in a way where we arrange finance from the various local banks which include interest.

    A few years back ( – 4 years) I had an opportunity to purchase a piece of land from the Bank…..

    Some one suggested me declare bankruptcy and it is legal in and do not borrow money or pay interest in future. And ask ALLAH to forgive you

    I know that receiving interest is not pemissible, however I need to know if one can offset interest received against interest paid on credit cards and bonds.