RIBA Archives - IslamQA

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

Interest free credit card

Answered by DarulIftaBirmingham

Answered by: Alimah Nasima Umm Hamza Question: Assalamu Alaikum Wa Rahmatullah I would like to know if the following scenario is considered as paying interest: Buying a product on credit where they say the first 6 months are interest-free BUT every month we pay a service fee… read more »

Online Investment Scheme

Answered by DaruliftaaZambia.com

Question Assalamu alaykum. There’s an online business that requires people to invest a certain amount of money for a certain amount of time and then for each day from the time of investment they give u a certain percentage of your  money which u can withdraw any time. Say there’s what they… read more »