Interest and Riba
4,478 questions
Are loans offered by Islamic banks—whereby the bank pays the price of a commodity specified by the client and takes a 20% commission on it, then the remainder is paid in installments—considered usury? And what is the legitimate alternative for young people who wish to start projects or get married?
Is it considered permissible to spend usurious money acquired from a government bank on building a Quranic school, with the addition of private funds to it, and can usurious money be taken out of private funds if the action is not permissible?
What is the ruling on buying a car through Murabaha from an Islamic bank that is affiliated with an interest-based bank? Is Murabaha considered a circumvention of the religion? What is the legitimate alternative to it? And what are the rulings on installments and contemporary Riba (usury/interest)?
What is the ruling on working for a software company that deals with both permissible (halal) projects and others based on usurious interest, and is the salary earned from the permissible projects considered halal, and what is the ruling on managing the impermissible projects in this company?
Can the money designated for charity, which is placed in the post office, be considered a disposal of the post office's interest, knowing that the interest is added to the balance and not withdrawn?
Is the money remaining after selling the car and paying half of the usurious loan to the bank permissible (halal), is the questioner sinful for taking the loan in her name, and is her husband justified in blaming her for that?
What is the ruling on buying an apartment in installments from a usurious bank through Murabaha, whereby the bank authorizes you to purchase the apartment, then sells it to you with an agreed-upon profit margin and in interest-free installments, with the apartment mortgaged to the bank, or if the bank already owns the apartments and the sale is conducted in the same manner?
What is the ruling on money in excess of the device invoice if it is used for the same store, and what is the ruling on paying "al-khulu" (key money/premium) for commercial shops, and what is the ruling on Islamic banks in this situation where there is no partnership or trade contract but rather purchase by installments?
What is the ruling of Islamic law regarding the "My Entrepreneurship" program in Morocco, in which the state supports 80% of the costs of establishing companies for youth, and is this considered usury (riba)?
Are commingled funds suspicious, or has the questioner misunderstood the matter, and does working for a company with commingled funds assist undesirable parties in their endeavors?
What is the ruling on taking a bank loan despite the borrower's knowledge of the interest involved?
Is it permissible to keep one's salary in a Riba-based bank in a country where no Islamic bank exists, in order to avoid the exorbitant transfer fees to an Islamic bank in another country?
What is the ruling on the money that was deposited into the questioner's account: must it be returned to the bank, or is it permissible to dispose of it, especially given that the questioner performed a refinancing operation (debt restructuring) not for the purpose of obtaining money, but rather to ascertain his credit status, and he tried to cancel the operation, but the bank deducted the first installment and fees, and finalized the operation on him?
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?
Am I sinful for helping my brother pay off a usurious loan for a car he bought and left with me until his return from travel?
Is the borrower obligated to return the amount he took from the bank in the European country along with the accrued interest, or is it sufficient to return only the principal amount to the bank, or to pay it to an Islamic charitable organization?
Is the reward earned from working at a micro-loan association, which relies on interest with government grants to cover its expenses, considered usury (riba) or does it have a semblance of usury? And is it permissible to borrow from the state to finance an agricultural project under the aforementioned conditions as an alternative to working at this association?
What is the religious ruling on the investment portfolio in the stock market managed by the Post Authority, whose returns vary according to profit, and in which the government guarantees the deposited funds in case of loss?
Did Abraham point to the largest idol when his people asked him about the idol-breaker, intending his largest finger so as not to lie, being infallible from lying? And if he did not lie, then why will he say on the Day of Resurrection, when people come to him for intercession: "Go to someone else, for I remembered my lie" (rather, their chief did it) and say: "My soul, my soul"?
What is the ruling on purchasing a car from a dealership in installments through bank financing, where the buyer pays a down payment to the dealership, and the bank pays the car's price in cash to the dealership, then the buyer repays the installments to the bank with interest, and the car is registered in the buyer's name with a sale prohibition and mortgaged to the bank until all installments are paid, knowing that the buyer does not receive the money from the bank but rather receives the car from the dealership?
Is the $3,0 that the Islamic bank adds to the price of the commodity when selling it in installments considered usury?
Is purchasing an apartment for someone residing in Italy for 50,0 dirhams to avoid an interest-based loan, in exchange for renting it for 450 dirhams while the normal rental price is 1200 dirhams, considered a legitimate transaction in Islamic law?
What is the ruling on working on a project funded by an interest-based loan, and is the income of those working on this project considered lawful?
Is it permissible to take a commission without the employer's knowledge after obtaining a better price quote from another company?