Interest and Riba
4,478 questions
How can CashU amend its savings program—which is based on certificates of deposit and investing the collected funds in the company's electronic products with the calculation of profits and rewards—to be compliant with the provisions of Islamic Sharia?
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?
What is the ruling on trading in smuggled medicines when the medicines for which there is an exclusive agent in the country are double the price?
Is it permissible for a mortgage to be in the name of a family trust, with the individuals being trustees or beneficiaries, and not directly engaging with the bank?
What is the ruling on working for a company that delivers credit cards to customers, knowing that these cards may involve usurious interest, and that the company is merely an intermediary between banks and customers?
Is it permissible to cease dealing with usury by temporarily moving from an interest-based bank to another non-interest-based bank?
What is the ruling of Islamic law concerning "Ar-Rahn" (pledging/mortgaging) as practiced in Morocco, which involves the tenant paying a sum of money (an advance/loan) to the landlord in exchange for reducing the rent by half or by a third, with a loan agreement written between the two parties?
What is the ruling on leveraged trading in Forex with a broker who does not charge usurious commissions or overnight fees, but rather a fixed commission through the spread (the difference between the bid and ask price) which increases with the increase in contract size, while a margin is pledged from the balance to ensure that losses do not exceed the balance, especially since the broker does not require an increase on the loan taken from the bank and without interest, taking into account that combining a loan and a sale is permissible if the transaction is free from an increase in the loan or favoritism in the price, and that the broker has no hand in determining currency prices in the market?
Is it permissible for my brother to declare bankruptcy to avoid paying the credit card debts he has accumulated in America?
Is it permissible to give the usurious interest earned to parents who are in debt, and is depositing money in Islamic banks permissible?
Is it permissible to purchase a phone in installments for 4400 EGP over one year through a lending institution that does not own the phone, knowing that the price of the device for immediate payment is 4400 EGP, and that this institution adds interest to the original price, making it 4800 EGP, but an agreement was made with the phone vendor to reduce the phone's price so that its value after interest becomes 4400 EGP? And is it permissible for the institution to deliver the phone directly to the buyer without him going to the company, or for a representative of the institution to pick up the device and give it to the buyer after signing the contract?
What is the ruling on working for an insurance agency that deals with various types of insurance, some of which are compulsory and some of which allow for avoiding the unlawful, bearing in mind that the inquirer currently works in an interest-based bank and is seeking alternative employment?
What is the ruling of Sharia on buying a car in installments from an authorized dealer, where the customer pays a down payment and the remainder is paid in installments over 5 years at a price higher than the cash sale price with an interest rate of 9.4%, knowing that the installments are paid directly to the dealer and there is no direct dealing between the customer and the dealer's financing 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 it permissible to deposit a sum of money in a bank as a trust fund to be spent on the deceased's wife and infant son? Are the interest earnings from this deposit considered usury (riba)? And what should actually be done if it is unlawful?
Is it permissible to purchase a commodity by installments if the price of the commodity in the contract includes the market price and a predetermined fixed additional cost, with a discount during payment, and is this considered usury (riba)?
Is it permissible to claim compensation for the freezing of dues and litigation expenses after the court has ruled in my favor?
Is it permissible for me to take a loan from an interest-based bank to pay off accumulated debts resulting from a decline in sales and an increase in expenses, and to preserve my commercial reputation, knowing that I am compelled to do so due to severe financial hardship and an exaggerated increase in the exhibition's rent?
What is the ruling on the remaining profits that were disbursed by the Islamic bank: Should they be calculated retroactively and given to the poor, or only from the date of knowing about the fatwa change? And what should be done with investment certificates: Should one wait until their term expires, or cancel them immediately and bear the loss?
Is it permissible to sell an apartment and deposit the money in a bank to benefit from usurious interest, given the inability to work in the host country, the father's illness and the parents' old age, and for studies? And what is the wisdom behind Islamic countries closing their borders to refugees, while European countries welcome them, and does this align with the teachings of Islam?
What is the ruling on dealing with a usurious bank that offers customers the option of deferred payment or installments with interest, knowing that I receive my money immediately from the bank for a percentage not exceeding 3% of the profits, and that I live in a European country where there are no Islamic banks?
Is it considered a lie for a wife to feign orgasm to please her husband when she does not reach it? And is it permissible for her to masturbate after intercourse if she does not reach orgasm?
What is the ruling on an agreement in which 5,0 Euros are paid to a friend to purchase and use a car, provided that the latter pays 10 Euros daily for 6 months, then returns the principal while keeping the car, and is this permissible if the profit is at a common rate with the same conditions for the return of the principal and the ownership of the car?
Is the investment feature on an e-commerce website – which allows sending a sum of money and earning daily un ثابتة profits ranging between 10% and 50% based on a list of purchases and sales sent by the website – considered interest or usury (riba)?