Money & Transactions
Money questions arrive with paperwork attached: a mortgage offer, a share portfolio, a will, a loan between friends. This topic covers interest and riba, banking and accounts, loans and debt, buying and selling, and inheritance. Readers usually want to know which detail of a contract an answer turns on. Every answer here is a sourced summary of a fatwa published on Ftawy, with the full ruling one tap away. Start with interest and riba if your question is about a bank or a loan.
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Questions · 8,889 questions
Is it permissible for the director of a charitable organization to purchase a car donated to the organization at market price, and what is required of him to complete the sale correctly?
Is it permissible to withdraw money from the account of a sick mother who cannot control her urination and suspects her children, to buy a burial plot for her without her knowledge?
Is Mount Ayr one of the mountains of Hell? Did the Messenger of Allah, peace and blessings be upon him, forbid spending the night there? What is the ruling on spending the night in the areas surrounding it and selling land there? Is climbing it forbidden? And what is the story of Mount Ayr?
What is incumbent upon a woman who does not remember if she paid the price for meat she bought from a deceased neighbor, especially since her neighbor told her during her lifetime that she had not paid the price, and she does not remember the quantity of the meat, and her neighbor has adult children? And should she pay the price at the past or current rate? And can it be given to the children as a gift if she does not want to inform them of the debt?
What is the ruling on establishing an online store to sell tangible products that I do not own, where I purchase them and ship them to the customer from international stores after he buys them from my store, knowing that these websites are reliable and I have complete information about the products available there? Is it permissible to sell products in this manner at a higher price than what I paid, or to set shipping fees that cover the product's value and profit, with the buyer's knowledge of the final price?
Is one who works for an oil company in the Fire and Emergency Department, and participates in contracting with maintenance companies for the fire system—whether by signing the contract, summoning contractors, or supervising maintenance—sinful, given that they do not know the type of letter of guarantee or whether it is covered or not, or if the maintenance company paid the insurance in cash while dealing with usurious banks?
What is the ruling on taking a portion of the social security allowance without the knowledge of the siblings and their guardian? And is one acquitted of a previous debt if the rightful claimant later relinquishes his share without the debtor's knowledge?
What is the ruling on working for a company that manages clients' financial and banking accounts and records the interest-based (usurious) gains incurred by them, knowing that the company does not lend to or borrow from banks, and that the usurious transactions occur between the client and the bank? Is the money earned from this work permissible or forbidden? And what is the ruling on the money accumulated during previous years of work, in the event of ignorance of its prohibition? Is it permissible to perform Umrah with this money? And what is the ruling on the profits resulting from trading with money earned from this work?
Does the condition that the participant is not entitled to any of their payments (Takaful or investment) upon withdrawal before eighteen months affect the Islamic permissibility of Takaful insurance?
What is the ruling on a loan that brings benefit?
Is one who allowed a car he rented in his name to a relative to be destroyed, after its repeated breakdowns and repairs at personal expense, sinful?
What kind of news should be verified if it comes from a dissolute person, and does that include everything he says, or is it limited to news that entails significant matters such as rights and testimonies?
Is it permissible for a father to pay off his son's debt from the interest earned on the compensation for his land?
How can I pay off my deceased mother’s debt despite not knowing the whereabouts of the creditor, and my father’s repeated refusal to pay it off even though I have given him money for that purpose?
What is one obligated to do with a wife who attended a wedding that included objectionable acts, despite her husband's objection, and will insist on attending another similar wedding soon, knowing that the marital relationship is good and that the wife usually commits to avoiding such occasions?
What is the ruling on naming something "Black Friday," is it permissible in Islamic law, is it considered imitation of the disbelievers, is it forbidden as a means of averting evil, and are buying and selling during it unlawful?
How can I restore people's rights after I bought a property for my friend at a low price and took an increase from him without his knowledge, and now I am unable to face him or return the amount?
What is the ruling on approving translations that contain insults to God or matters of disbelief (kufr)? Is such approval considered kufr, even if the person dislikes what they are approving? And what is the ruling on approving the translation of "Jesus Christ" as "Oh my God" in an exclamation context? Is that considered disbelief (kufr)?
Is it permissible to pay off a debt on behalf of the deceased by giving charity on their behalf, instead of giving it to the heirs?
Is it permissible to insure a laptop against damage or theft by paying a monthly sum?
Is it permissible to dispose of the remaining amount allocated for the poor to meet personal needs while in debt?
What is the ruling on subscribing to the savings fund (pension scheme) in which 4% of the employee's salary is deducted and the company adds 6%, and an insurance company invests the amount, with the option not to take interest, knowing that participation is optional for me and compulsory for others, and that non-participation significantly reduces the final bonus, while participation increases it fourfold?
How can an old debt be paid when there is doubt between two shops?
What is the ruling on abandoning prayer due to a father's lack of interest in religious matters, and what books or audio lectures can be beneficial at this age?