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Search Results for: ribaa

Working nights as a security guard for a bank

Fatwa, Forbidden Wealth, The Permanent Committee for Islaamic Research & Verdicts 6 February 201522 February 2017 Abu 'Abdullaah

He has been working for one of the banks for a period of ten years, and he [recently] learnt that working for banks is not permissible. He works nights as a [security] guard, and has no connection with the [trading] activities [of the bank], so can he continue working [there] or [should he] leave?

Working in Islaamic banks and investment companies

Fatwa, Forbidden Wealth, The Permanent Committee for Islaamic Research & Verdicts 2 February 201522 February 2017 Abu 'Abdullaah

Is working in Islaamic banks or Islaamic investment companies permissible, and is the salary [of the one who does] halaal?

Proposing marriage to a woman whose father works for a bank

Fatwa, Fatwa Focus, Interview & Proposal, Ribaa, The Permanent Committee for Islaamic Research & Verdicts 17 May 200422 February 2017 Abu 'Abdullaah

I am a practising young Muslim man, al-Hamdu-Lillaah, and I want to marry a [particular] practising young woman. However, there is a problem in her home, and that is, her father works for one of the ribaa-based banks.

Depositing money in a bank for safe keeping

Fatwa, Fatwa Focus, Ribaa, Shaykh ‘Abdul-’Azeez ibn Baaz, Transactions 18 July 200122 February 2017 Abu 'Abdullaah

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.

The ruling regarding the salary of bank employees

Fatwa, Fatwa Focus, Forbidden Wealth, Ribaa, Shaykh ‘Abdul-’Azeez ibn Baaz 18 July 200122 February 2017 Abu 'Abdullaah

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?

Profits from selling shares in interest-based company

Fatwa, Fatwa Focus, Forbidden Wealth, Ribaa, The Permanent Committee for Islaamic Research & Verdicts 3 February 200022 February 2017 Abu 'Abdullaah

So, is it permissible for me to take this money as it is [if I sell my share], knowing that the shares in Riyad Bank were bought without our knowledge all this time?

Having shares in companies and banks

Fatwa, Fatwa Focus, Forbidden Wealth, Ribaa, The Permanent Committee for Islaamic Research & Verdicts 3 February 200022 February 2017 Abu 'Abdullaah

What is the ruling about having shares in companies and banks’?

Having shares in the Saudi-American Bank

Fatwa, Fatwa Focus, Forbidden Wealth, Ribaa, The Permanent Committee for Islaamic Research & Verdicts 3 February 200022 February 2017 Abu 'Abdullaah

Advise us, may Allaah increase you in knowledge, about the ruling of having shares in the Saudi-American Bank. Is it ribaa, since it trades in interest and is based upon interest, as we know?

Having shares in the Islaamic Bank

Fatwa, Fatwa Focus, Ribaa, The Permanent Committee for Islaamic Research & Verdicts, Transactions 3 February 200022 February 2017 Abu 'Abdullaah

And that which we have understood is that the bank in question does not trade in ribaa and that the money from the sale of the shares will be used in trading activities which are free from any dealings in interest.

Women engaging in trade

Fatwa, The Permanent Committee for Islaamic Research & Verdicts, Transactions 3 February 200022 February 2017 Abu 'Abdullaah

What is the ruling regarding a woman who trades (i.e. goes into business), whilst either in travel or residence?

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