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usury

This answer was collected from the official website of Darul Uloom Deoband Waqf. The institution is based in India and the answers are provided in accordance to the Hanafi Fiqh.

Recently I have gone through a video in which A speaker said that Late fee of Telephone/Mobile … rebah) Kindly Share the True teachings of Islam.

Answered by Darulifta Deoband Waqf

Recently I have gone through a video in which A speaker said that Late fee of Telephone/Mobile bill, Electricity bill, educational institutional Late fee and other societal/Service late fee are different kind of Interest. ( As  I understand by the words of Speaker that any additional amount paid due to paasing of Due date is… read more »

is Multi level marketing schemes permissible?

Answered by DarulUloomTT.net

Message: Assalaam Alaikum. Are multi-level marketing schemes (MLM’s) like Amway halaal or are they a form of Riba/Usury. The basic concept for some of these MLM’s is that as an individual you can earn money by selling products by yourself, but also make money through the sale of products done by people who you have recruited… read more »

Fatwa against Insurance.

Answered by DarulUloomTT.net

Question: I require a reference of any written fatwa against insurance and why is there any reliable Hadeeth in this order. Answer: In response to our inquiry about written fatawas regarding insurance, we produce the following: In a fatawa issued by Shaikh Abdullah Bin Baaz and documented in the book Fatawa Islamiyah Vol. 5 pg…. read more »

sharing profits

Answered by Darulifta-Deoband.com

I have a friend he asked me to lend him 120000 Rs for buying a used car he told me he would sell it to other guy and the profit he would receive in selling that he would also give me a share of profit amounting to Rs 15000. Now he has bought the car… read more »

Breakdown cover

Answered by DarulIftaBirmingham

Answered by Ustadha Mahdiyah Siddique Question: In this fatwa:http://daruliftabirmingham.co.uk/selling-homecare-cover-on-behalf-of-british-gas/You said boiler cover is acceptable because: “A breakdown cover is different from insurance in that one pays for the service, which the company offers him, which is to assist him at any time. The company does not pay any damages towards it…. read more »

Breakdown cover

Answered by DarulIftaBirmingham

Answered by Ustadha Mahdiyah Siddique Question: Asalamualaikum Hazrat. In this fatwa:http://daruliftabirmingham.co.uk/selling-homecare-cover-on-behalf-of-british-gas/You said boiler cover is acceptable because: “A breakdown cover is different from insurance in that one pays for the service, which the company offers him, which is to assist him at any time. The company does not pay any damages… read more »

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