I am a working man with a small salary, and I do not have any other way to buy a car other than via the bank – in an arrangement whereby I rent the car [at a higher rate], which ends with me owning it.
Tag: interest
Settling debts
I have debts [amounting to] about 50,000 [Saudi] Riyals; so which supplication should be made to [aid the] fulfillment of the debts?
Repenting from Ribaa
Reference: Fataawa Noor ‘alad-Darb – Question No.6293, Page 122, Volume 12 Question: Does repentance expiate [the sin of dealing with] ribaa? Response: Repentance expiates everything, and wipes away [the sin of] what has [since] passed – [whether it be] ribaa or other than it. However, regarding ribaa, Allaah (Ta’aala) says: {But if you repent, you may […]
Working with someone whose sustenance is from prohibited wealth
What is the ruling about working with someone whose sustenance is from prohibited wealth? And what is the ruling of eating [from the provision] of this person at gatherings?
Money in the bank for safekeeping, but I don’t take interest
Is it permissible for a Muslim [living] in a non-Islaamic country to deposit his money in a bank, and receive non-Sharee’ah compliant profits, [bearing in mind] there are no Islaamic corporations in that country?
A millionaire
“O brothers! By Allaah I hope to become a millionaire so I can [help] relieve the thousands [of people] like this woman from the shackles of ribaa.”
Working nights as a security guard for a bank
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?
Renting a trading establishment to a bank which deals with ribaa
I own [some] stores located on al-Hijaaz Road, and the National Bank has offered to rent them; [so] since this bank is amongst those banks which deal with ribaa, would it be permissible for me to rent [these stores] to this bank and those like it which deal with ribaa? Please provide us with a fatwa, and may Allaah reward you [well].
Working in Islaamic banks and investment companies
Is working in Islaamic banks or Islaamic investment companies permissible, and is the salary [of the one who does] halaal?
Some Banks announce that they are an Islaamic bank
Some of the banks announce about themselves that they are an Islaamic bank, and that they do not deal with interest. So is this [announcement] sufficient for us to deposit (our funds) in them or are we obliged to research and confirm the authenticity of their announcement?