Fixing a percentage on a loan?

Question: interest rate has been fixed at 12% which the borrower has to pay in addition to the original borrowed amount. For example, if someone has taken 1 mil..

Ruling On Investing With A Condition Of Two Riyals Profit Per Piece

Answer: interest (riba) involving agreement. Although Bakr has given money to Zaid as an investment, in reality it is a loan since the return of the full amou..

Ruling on Working for Less Due to Having Taken a Loan

Answer: interest and is Haram. The Jurists have also stated that taking any convenience or lessening in anyone’s right as a condition in exchange for a loan i..

Repenting From Bribery Without Returning The Bribe Money To Its Owner

Answer: interest, than he not only has to quit all these sins but also has to make up for missed salahs and fast as well and in case of usurping, stealing som..

A Common Impermissible Agreement Between Steel Mills and Contractors Regarding Buying Steel Rods

Answer: interest of removing Haraj Shadeed (extreme difficulty) Similarly, the Shara’i council of Jamia Ashrafiyya Mubarakpur, in the case of Isntisnaa in..

Why Must We Follow A Religion? What Is The Significance Of Religion?

Answer: interest of attaining the recognition of the Creator. Accepting Allah as the Creator of all the miracles in this world has been explained in the Qur’a..

Ruling On Working In A Conventional Bank

Question: interest-based bank?..

Working as Accountant in An Insurance Company

Answer: interest and gambling. As the basic responsibilities of an accountant include recording and managing the company’s transactions, therefore, taking a j..

Receiving Benefits On The Condition Of A Specific Amount In A Current Account Is Interest

Question: interest is earned, kindly provide a detailed response with evidence...

What Is The Ruling On Buying A Digital Prize Bond ?

Answer: interest-based bond. The stipulated profit earned on it is interest. Therefore, buying it is impermissible and Haraam. In the case of a Digital Pr..