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RIBA

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Is pursuing an MBA in Finance and working in finance haram?

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Can I spend money from bank shares on zakat or relatives’ health treatment?

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Working in a Insurance Company as an Claims Engineer

Shaykh Muhammad ibn AdamRead

I have signed a housing contract. The terms stipulate that if I wish to vacate the property before the contract period finishes, I will be charged a monetary penalty. If I withdraw from the contract before occupying the housing, I will also be charged a (lesser) fee. Are either of these fees riba?

Shaykh Muhammad ibn AdamRead

What if Bank Interest is Minimal, is it Allowed?

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Insurance Claims in Car Accidents

Shaykh Muhammad ibn AdamRead

Working for a Insurance Company and the Accounting Job

Shaykh Muhammad ibn AdamRead

Financing: Alluring Ways to Fall into Riba in a Car Transaction

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Loans and Zakat: How do We Calculate?

Shaykh Muhammad ibn AdamRead

Pay off Debts or Financially Help Parents in Need?

Shaykh Muhammad ibn AdamRead

Some time ago in my past I took educational loans (loans for schooling). Even then I knew it wasn’t right. I knew I wouldn’t be able to repay them before the “grace period” ended and interest would begin to be charged on them. What can I do now to rectify this great wrong? I have made tauba (forgiveness prayer) several times. Is there anything else I should do to right this situation with Allah? I mean I can’t even pay them back now and interest will continue to be charged on the loans until every penny is paid back. Basically I want to know is making the Tauba enough. I have the intention to never take interest bearing loans again and I want to pay these off as soon as possible. Is there anything else I should do?

Shaykh Muhammad ibn AdamRead

Forwarding Advice on Stock Market Investment

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House and Goods Insurance

Shaykh Muhammad ibn AdamRead

Does Drawing Money from one’s own Company at Market Interest Rates Constitute Riba?

Shaykh Muhammad ibn AdamRead

Car Rental Insurance

Shaykh Muhammad ibn AdamRead

Car Insurance and Family Dispute

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House Contract, a Girl and Parents

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Is buying or selling pre-paid legal service permissible and has it been researched according to Shari’ah?

Shaykh Muhammad ibn AdamRead

Monetary Penalties on Late Payment

Shaykh Muhammad ibn AdamRead

My friend is in need of a debit card (interest free transactions)…but for him to obtain this he must upgrade to a new account. The new account offers many new features which come hand in hand with the upgrade such as, student discounts on flights, shopping vouchers, etc. what is worrying is that they offer health insurance and other insurance based schemes. Now these schemes are always available to him and come part of the package but he does not have to pay for them and although they are available to him, he can not use them if he wishes. As he needs the debit card, he doesn’t intend indulging in the haram schemes. Is it permissible to upgrade his account on this basis?

Shaykh Muhammad ibn AdamRead