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RIBA

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Suppose ‘A’ gives 100 dollars to ‘B’ today ( todays exchange rate is Rs 100 per dollar) with the condition that ‘B’ returns the momney in Rupees to ‘A’ three months later ( at the rate of Rs 120/=. per dollar.)

Shaykh Ebrahim DesaiRead

One of my friend is having transportation business of arranging bus tour to Madina Munnawra from Jeddah.As he is running this business in the

Shaykh Ebrahim DesaiRead

The “CFD”, or “Contract for Difference”, was developed to allow clients to receive all the benefits of owning a stock without having to physically own the stock itself….

Shaykh Ebrahim Desai, Shaykh Faizal RizaRead

I have so many problems mainly dealing with riba. usa question

Askimam.orgRead

I said … riba is involved in schemmes like Al Burag, HSBC… they argued…why you eat chicken from shops, how do you know its halal?

Shaykh Ebrahim DesaiRead

I would greatly appreciate it if I could get feedback on the progress on your Traditional Investment Product, as spoken about at the Business Campaign earlier this year.

Shaykh Ebrahim DesaiRead

For US muslims as well as muslims around the world. Many a time by us voting, we are somewhat pledging our allegience and support to a leader & party…So by you voting for a party, you indirectly are supporting these concepts which could make you accountable for this haraam?

Shaykh Ebrahim DesaiRead

We have given apartments for rent. Some times the tenant dose not pay the rent according to the agreed date. Is it ok to take fine? Beacuse if are taking a fine then they will be forced to pay the rent before due date. Will taking fine be riba?

Shaykh Ebrahim DesaiRead

I am a resident of bangalore,India. I want to take up the residence on rent.here it is customery to give around 10 months of rent or 1 lakh as a deposite and some market price amount as rent. for example case it is suppose 1 lakh deposit and 7000 rs rent. But i go and talk to some landloard talk about his  house on rent but he needs more money for business purpose so he says to me that he will give to person who will give him 4 lakh deposit and 500 rent as monthly for duaration of 2 years(or another configuration 3 lakh as deposit and 2000 as rent )(Because he says he can earn more money by more deposit then getting incresed rent). Is it permissable to take up this house on either of these  configuration ? i ask people some body says it is permissable and somebody strictly prohibit and says it is trickey and form of interest(riba).i am confused pleae tell me in light of sunnah and quran ?  

Shaykh Ebrahim DesaiRead

I am a software Professional. I work for building TOOLS for other software professionals who work in Banks. Ultimately the Project is from a Bank and i dont know whether it is correct to work. I am worried as whether my source of Income is Haram.

Shaykh Ebrahim DesaiRead

I am a Software Engineer,I do Software testing for applications. I work for a reputed Indian Software Company, they work for a Client called ‘Charles Schwab’ …

Shaykh Ebrahim DesaiRead

Can you please forward me your views on the Albaraka equity fund.

Shaykh Ebrahim DesaiRead

Is taking out life insurance permissable in islam?

Shaykh Ebrahim DesaiRead

I have to pay a bank loan of Rs. 1.700 million for which I have mortgaged my house…Now I have no other way to get rid of this loan until unless I get the mortaged amount from any Halal source or pay installments every month. Please guide that should I mortgage my…

Shaykh Ebrahim DesaiRead

I am maintaining an account with Meezan Bank in Pakistan. Meezan Bank claims to be the first non-ribaa bank in Pakistan…But, sometime ago I was told by a Mufti saheb that it is not a riba-free as claimed and I should not utilise the profit which is added to my account at the month ends.

Shaykh Ebrahim DesaiRead

Is it permissible to let ones house for rent to a riba based bank

Shaykh Ebrahim DesaiRead

I am interesting in investing moneies in Fraters Islamic Equity which has launched in 2005.This fund is managed by reliable Ulama. the monthly debit orders is R500-00 a month.?Can I invest or you can advise me?

Shaykh Ebrahim DesaiRead

I had hoped to obtain a loan from a prominent

Shaykh Ebrahim DesaiRead

Is The money which she gave to my brother is Halal or Haram.

Shaykh Ebrahim DesaiRead

I work in a MUSLIM company in France as sales assistant. I started this new job 3 months ago. …

Shaykh Ebrahim DesaiRead