Banking and Accounts
111 questions
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?
What is the ruling on using the "Mubarak Plus Signature" credit card from the Arab National Bank, which is based on Islamic Tawarruq, given that there are annual fees that are waived on condition of usage, and a late payment penalty, and does the Sharia Committee permit it?
What is the ruling on opening savings and Islamic investment accounts and savings programs, and requesting facilities, financing, and bank credits for a project or to purchase goods, knowing that the bank's dealings are Islamic and do not involve usury?
Is it permissible to obtain a personal loan of 100,000 from Qatar Islamic Bank to purchase a car, to be repaid over 4 years with a profit rate of 3.2%?
What is the ruling on issuing a "Nymcard" for personal use and for making online purchases, knowing that it is a pre-paid card that cannot be reloaded, and is loaded via "Western Union"?
What is the ruling on dealing with Zitouna Bank to purchase an apartment, based on the mentioned procedures, and is this transaction compliant with Islamic Sharia?
What is the ruling on Barwa Bank's new "Thara'a" savings account, which offers monthly profits and cash prizes (QAR 5,0, 25,0, 50,0, and 1 million), in addition to other benefits?
What is the ruling on the Murabaha financing offered by Abu Dhabi Islamic Bank, whereby the bank purchases shares and sells them to the client for a specified value, or gives the client the shares to sell and take the amount plus the bank's profit over three years? Is this considered a form of deception? And what is the ruling on depositing money in the bank and taking its interest?
Is it permissible to take personal loans from Islamic banks, such as the Qatar International Islamic Bank?
What is the ruling on possessing a prepaid credit card with full collateral from the user's money, along with a fixed annual fee and an increased rate when converting foreign currencies?
Is it Islamically permissible to use a Visa card if it does not involve usurious interest and there is no usurious condition for delayed payment of administrative fees, and does the mere fact that the bank is usurious make dealing with it forbidden?
What is the ruling on providing an agency? And is there any prohibition in it?
Is it permissible to deposit a sum of money in an interest-based bank to obtain a bank statement for travel purposes, and then withdraw it completely and close the account afterwards?
Is it permissible to rent a safe deposit box in a Riba-based bank to store gold ingots, given the current unavailability of other alternatives for this service?
What is the ruling on dealing with banks that charge fees on accounts when the balance falls below a certain limit, and what is the ruling on depositing money in non-Islamic banks?
Is it better to take the incomplete amount of money from the bank now, or to wait 5 months to take it in full?
Is it permissible to use a prepaid debit card to purchase an electronic game from the internet, knowing that its use does not require an interest-based bank account, and the money in it neither increases nor decreases, and the card can be canceled at any time?
What is the ruling on using a Visa card and similar cards, and what is the ruling on using a credit card for purchases only? Is it impermissible to exchange cash purchases after paying with a credit card?
Is Al Baraka Bank Egypt Islamic considered un-Islamic because of its dealings in treasury assets, and should money and profits be withdrawn from savings and deposit accounts?
What is the ruling on purchasing a car with financing from the Arab Bank, knowing that the bank will finance the purchase, provided that the installment is the car allowance that the questioner receives from the company, since the company prefers that heads of departments own cars?
What is the ruling on depositing money in a savings account with Crédit Agricole Egypt and receiving an annual return whose percentage is not predetermined?
What is the ruling on keeping money in a Samba Bank account in the USA without interest, and what is the recommended alternative bank to avoid usury?
What should I do with the money I have in excess of my needs, which is difficult for me to save at home, in order to avoid spending it and to achieve savings, while fearing to deposit it in usurious banks, knowing that I cannot engage in trade, and are there Islamic banks in Egypt?
Is it permissible to take a loan from Arab Bank to purchase wood from Al-Fozan Company, such that the borrower receives a certificate of ownership from the bank and takes it to Al-Fozan, who then gives him the choice between receiving the quantity or authorizing Al-Fozan to sell it at the same value?