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Interest

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

Working as a chartered accountant

Answered by Muftionline.co.za

Q: I have a doubt… sometimes chartered accountants have to record the interest (riba)of a company. The chartered accountant is not involved in that dealing nor he is present in that meeting nor has he witnissed it, but he has to record it as he has to manage other accounts of the company also. So… read more »

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Ebucks

Answered by Muftionline.co.za

Q: I recently read a fatwa that you issued with regards to eBucks. Jazakallah for the fatwa. I am struggling to understand one aspect and would like you please clarify it. As you noted in the definition of interest, interest is “excess devoid of any compensation which either of the transacting parties is entitled to… read more »

Sex toys

Answered by Muftionline.co.za

Q: May I ask why Muslims have become interested in things like ‘sex toys’ in marriage? It seems all very strange and weird. What is the cause of this odd interest by Muslims? I researched this and the manufacture or sale of ‘sex toys’ was actually prohibited in South Africa by the apartheid government. The… read more »

Working in the IT department of a bank

Answered by Muftionline.co.za

Q: Is working in the IT department of a bank permissible? A: Generally, the main operation of a bank revolves around interest. Hence, one should totally avoid working in such an environment. And Allah Ta’ala (الله تعالى) knows best.   Answered by: Mufti Ebrahim Salejee (Isipingo Beach) Source

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