This paper which is the first in its series is being compiled in order to inform the Muslim who yearns and strives to know Islaam.
Category: Fatwa Focus
Depositing money in a bank for safe keeping
Is it permissible for whoever has a lump sum of money to put it in a bank with the intention for safe keeping, and whenever the zakaah is obligatory upon that sum of money he extracts the required amount and gives the zakaah? Please advise us, and may Allaah reward you with good.
Using ribaa funds for good causes
I had shares in a bank which deals with ribaa, and then I sold them and earnt a profit. And now, some time has passed and I do not know what to do with it (the profit). So what do you advise me with? And may Allaah reward you with good.
Circumstances compel him to work for a bank which deals with ribaa
What is the ruling regarding someone whose circumstances compel him to work in a bank or [any] local money exchanges in the Kingdom [of Saudi Arabia]…
Depositing money in a bank which does not deal with ribaa
So is there any sin upon us in leaving this money in the bank, knowing that we extract the zakaah which is due upon it?
Transferring money via banks which deal with ribaa and using the ribaa for good causes
Is it permissible to take ribaa from these banks and donate it in charity to the poor and build charitable homes, etc., instead of leaving it with them?
The ruling regarding the salary of bank employees
Is the salary which the employees of banks in general receive, and Arab banks specifically, halaal or haraam, since I have heard that it is haraam because the banks deal with ribaa in some of their transactions?
Working for a company which takes a loan from a bank which deals with ribaa
I am an accountant in a trading company, and this company is forced to take out loans from a bank which deals in ribaa. Then a copy of the loan agreement comes to me to confirm the company’s debt and register it in the books.
Working for a bank which deals with ribaa
The son of my maternal uncle works for the Bank al-Jazeerah as an employee. So is it permissible for him to work there or not?
The army in which I work, forces me to shave off my beard
I have a friend who shaved off his beard, and I admonished him for it, so he told me: “The system within the army in which I work in my country forces me to shave off my beard”. So is this permissible? [Please] advise us, and may Allaah reward you with good.