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 Imposing The Loss On The Borrower Due To Late Repayment
Question: interest.) When the time of repayment approached, I sent a message asking if I would receive the money on time. I was assured that it would be repaid..
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...