Banking and Accounts
111 questions
Is it permissible to open a savings account at the Housing and Development Bank with 200 EGP to gain priority in purchasing an apartment, knowing that the sole purpose is to gain priority and not to benefit from interest?
Is it permissible to take a loan from Oman Housing Bank through the method of the bank purchasing the brother's house and then selling it to the questioner, in order to pay off a commercial bank loan with a higher interest rate, knowing that the house will remain legally owned by the questioner until the loan is repaid?
Is it permissible to transfer an amount from one's salary to the Zakat Committee through a Riba-based bank, for the purpose of charity?
Is it permissible to take a large sum of money from a bank for investment, given that the transferring party stated the money belonged to an Australian engineer who died and left the amount in the bank, and the bank agreed to invest it?
Is one who leaves his salary in the bank for a period ranging between 3 and 4 months before transferring it, sinful, knowing that he is unable to transfer it monthly and does not take interest on the amount?
What is the ruling on depositing money in the post office and in a passbook without profits?
What should I do to close my account in a usurious bank, given that I have incurred a debt due to deduction fees, and am I sinful for that?
Is it permissible to use an ATM card if the bank deducts a monthly fee for it, and when would there be an issue with using it?
Is it permissible to invest money through Murabaha in the non-interest-bearing second account of Gulf Bank? Is the status of this bank normal compared to Islamic banks, despite having a Sharia board? Is it permissible to purchase a car in installments through a Murabaha loan from this bank?
What is the ruling on an Islamic bank authorizing the orderer of a purchase (the customer) to buy the commodity, and also commissioning him to insure the goods under the pretext that the Central Bank of Algeria mandates it? And if this is impermissible, how can legitimate sources of funding for projects be found?
Is it permissible or impermissible to leave part of one's salary in an ATM out of fear of theft?
What is the ruling on receiving monthly wages through usurious banks that charge annual fees for their services and checks?
What is the ruling on keeping money in an Islamic bank under the current circumstances versus returning it to a conventional bank for ease of disposal?
Is the money saved in the post office without interest forbidden or permissible, and is it the cause of the son's illness?
Is it permissible to withdraw money from an Islamic bank that guarantees the principal and converts its profit into usurious interest, and deposit it into a conventional bank that opens a special account without interest?
Are funds deposited in an Islamic bank—without knowledge of its internal regulations, and designated as a deposit with an unknown annual profit dependent on the bank's earnings—halal or haram?
Is it permissible to use the prepaid internet card issued by Banque Misr, given that the bank takes 1.5 per mille of the purchase value as a service fee?
What is the ruling on using a credit card for which the bank states that there is no penalty for delayed payment, while a fixed fee is incurred for cash withdrawals?
Is it permissible, in Islamic law, to use a credit card issued by an Islamic bank that does not impose interest or fees on purchases, but charges a fixed monthly fee (75 AED) and a cash withdrawal fee (60 AED) for each transaction?
What is the ruling on depositing money in banks such as Faysal Islamic Bank, Egyptian Saudi Finance Bank, and Bank Misr’s Islamic Transactions Branch, especially concerning the guarantee of goods in Murabaha, insuring goods for the benefit of the bank, the Mudarabah system at Faysal Islamic Bank, and the inclusion of the Islamic branch’s budget within the original bank’s budget at Bank Misr? Is it permissible to deposit money in banks that offer forbidden loans without taking out such loans?
What is the ruling on the Amanah loan from the British Bank in Dubai, which is a system of authorizing the bank to buy and sell copper or metal commodities, whereby the person takes an amount and repays it for more than its value through the Islamic Murabaha system, with a Sharia committee for the bank stating the permissibility and legitimacy of this transaction?
Is it permissible to deposit money in banks that do not specify interest or profits?
What is the religious ruling on buying Mubarak apartments, which are available through the Housing and Development Bank, with a down payment of 5,000 EGP and increasing monthly installments (150 EGP increasing by 2% annually); knowing that their original price is 65,000 EGP and they become 70,000-75,000 EGP this way?
What is the ruling on purchasing an apartment through murabaha via an Islamic bank, where the murabaha rate is variable based on the increase in real estate value, keeping in mind that conventional banks offer its purchase with fixed interest rates and allow for a reduction in the total amount upon early repayment?