Banking and Accounts
111 questions
Is it permissible to deal with an American bank that requires money to be deposited therein for a legitimate online project, knowing that the bank does not invest the deposited funds and does not offer savings accounts, and provides a free guarantee for the money up to $250,0 in case of theft?
Is it permissible to choose a traditional, interest-based (riba-based) bank that does not charge fees on current accounts, or a participatory "Islamic" bank that does charge fees on current accounts (with a free but limited-feature savings account available), when one wishes to change their current interest-based bank?
Is depositing money into an investment account with an unspecified interest rate at Faisal Islamic Bank of Egypt permissible (halal) or forbidden (haram)?
What is the legal ruling on issuing an uncovered credit card for use in cases of extreme necessity with the intention of immediate repayment, and what is the jurisprudential difference between two offers from different banks, one Islamic and the other interest-based?
Is there usury in the mentioned transactions—which include purchasing a "CashU" card charged with $10 for 2,0 Algerian Dinars, with an immediate exchange between the two currencies—and is it permissible to obtain a "MasterCard" in this manner?
Is it permissible to deposit money in Islamic banks (Faysal - Al Baraka) and take the interest to help with living expenses in Egypt?
What is the ruling on paying a fee to a cousin in exchange for him withdrawing a sum of money from the bank and converting it to cash, in order to bypass the daily withdrawal limits?
Is it permissible to use a credit card for interest-free installment offers, knowing that the purpose of obtaining it was for a "premium" interest-free installment card?
What is the ruling on obtaining a credit card from a bank that specifies thirty commercial establishments from which purchases can be made and paid for in cash or in monthly installments without any increase in price (0% interest), knowing that the user is aware that the bank receives 1% of the value of purchases from these establishments, while the card can be used outside these establishments as a regular credit card with interest if paid in installments?
What is the ruling on dealing with electronic financial institutions such as "TransferWise" and "PayPal" that invest customer funds in interest-bearing government bonds or deposit them in interest-based banks? And do the merchant's funds become unlawful if withdrawn in this manner? And is he obligated to cease his trade due to the absence of a permissible alternative for withdrawing his funds?
Is it Islamically permissible to obtain a Visa card from HSBC Bank and make purchases with it, with the agreement that 100% of the amount due will be deducted before the payment due date to avoid interest?
Is it permissible to open a current account in a usurious bank where no interest is calculated, and the bank neither adds to nor deducts from the money except for a fixed annual fee specified for administrative procedures, and this fee does not change with the amount of money deposited?
Is it permissible to use credit cards that grant a certain amount to be paid in monthly installments and fees, without interest or late penalties, where fees are only paid upon usage?
Is it permissible to use a credit card from an Islamic bank that allows purchases in installments with a Murabaha profit that increases with the length of the installment period (1 month 0%, 3 months 2%, 6 months 4%), knowing that cash withdrawals are not subject to Murabaha but incur a fixed fee?
What is the ruling on depositing, sending, and receiving money through Paysera online bank without a card, knowing that it is indispensable?
Is it permissible to transfer one's salary to a usurious bank in order to save on service charges, knowing that the account will be a current account without interest, that the amount will be regularly transferred to an Islamic bank, and that the questioner avoids using a credit card without sufficient coverage, and has doubts about the dealings of the current Islamic bank?
Are the transfer fees, which are a percentage of the transfer amount when sending money via a bank or post office, considered usury (riba) or transfer expenses?
Is dealing with the (Visa Samba) card still forbidden if it is confirmed that the amount is paid to the bank within the specified period without paying any interest?
Is a person sinful merely for owning a bank account that he does not use and that is empty of money, knowing that the bank deals with usury?
Is it permissible to open current accounts in usurious banks to facilitate receiving bank transfers from customers, with the intention of withdrawing the amounts later and depositing them in Islamic banks?
Is it obligatory to transfer one's salary from AlAhli Bank to another bank like Bank AlBilad?
What is the ruling on the Al-Mubarak credit card from Arab National Bank?
Is the bank considered a partner through its money and the housing company a partner through its land and effort, or are they considered a single entity affiliated with the government, with different departments?
What is the ruling on the installment system of "SAB Amana" if it involves paying 10% directly to the seller and deferring the remaining amount with a profit margin determined by the bank?