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…
Tag: bank
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], such as al-Bank al-Ahlee at-Tijaaree, and Bank…
Depositing money in a bank which does not deal with ribaa
These days, many accidents occur and blood-money is difficult [to pay].
Transferring money via banks which deal with ribaa and using the ribaa for good causes
We are Turkish workers working in the Kingdom of Saudi Arabia, and it is no secret that our country has adopted a secular rule and system, and ribaa is widespread in our country to an extraordinary…
Having shares in the Islaamic Bank
The Islaamic Bank has shares for sale and the value of each share is one hundred and ten US dollars ($110).