Interest and Riba
4,478 questions
Is it permissible to remain with an Islamic bank that deals in usury under the guise of a "gift," or to switch to a usurious bank that has an "Islamic" division based on Mudarabah (profit-sharing) and deposits, and does not give interest?
What is your interpretation of the two percentages (2%) mentioned in the decision to determine the service fee, given that the loan is (40,0) dinars and is to be repaid over sixty years, and are these two percentages considered part of the permissible service fees, or do they fall under usury, especially since the bank deducts other amounts?
Is it obligatory to continue advising someone who persists in error without excuse? And is reminding someone who has wronged and overstepped against a scholar of his grave action contrary to the prophetic guidance if the aim is to learn lessons and serve the community's interest, or is he right in claiming that reminding him of his sin is not necessary?
What is the ruling on taking the interest amount resulting from government compensation payments for a demolished house? Is it considered a permissible currency exchange difference or forbidden usurious interest?
Is it permissible for the wife to keep her brother's money, which she obtained from a land exchange, in a bank account under her mother's name without his knowledge, under the pretext of securing his future and protecting him from bankruptcy due to his spending on unlawful things, knowing that the husband bears all household expenses and she is committed to her religious duties?
Is it permissible to build an additional floor in a shared house and invest it for a specified period, after which whoever wishes to share would pay his portion to benefit from it? And would this be considered usury (riba)?
Is it permissible to take a loan of OMR 14,0 from the armed forces with an interest rate of 2% written only on paper, but not actually taken from the borrower?
What is the ruling on designing and overseeing the construction of a mosque for some people of innovation?
What is the ruling on taking bank interest, knowing that the questioner acknowledges the prohibition of usury (riba) but does not consider interest to be usury, and faces difficulty dealing with Islamic banks?
What is the ruling on excess money that was mistakenly given to a person in a monthly installment, and then the person died, and their family returned the excess amount? Is this money lawful or unlawful?
What is the ruling on a friend investing in a plastics factory, such that he profits from a specific type (number 5) as a percentage of its sales, and gets his money back after a year? Is the money earned from this contract lawful? And is the factory owner sinful if the contract was unlawful and he was unaware?
Is it permissible to sell an item belonging to the mosque that is about to be damaged for the benefit of the mosque, or to donate its price to the poor?
What is the ruling on bank fees for a loan, and are they considered usury? What is the ruling on being ignorant of the prohibition of giving usury? Is expiation obligatory for that? Is the purchased land considered lawful or unlawful after repaying the loan with its fees? Does the same ruling apply to credit cards?
To what extent is the bank's offer to grant social loans to company employees without interest valid, provided that the company has a current account with a credit balance ranging between 6-10 million dinars? Does the saying "every loan that draws benefit is usury" apply to it? Is it permissible for employees to benefit from these loans if the transaction between the bank and the company is not Sharia-compliant?
Is it permissible for an Islamic institution suffering from a financial crisis to use interest-based earnings from bank accounts for general activities and facilities, such as toilet paper and bathroom cleaning supplies, knowing that these earnings come from the institution's own accounts?
What is the ruling on the wage of an engineer supervising the construction of housing funded by usurious loans, and should he continue in this work?
What is the ruling on working and earning from computer maintenance in a union that calls for birth control and abortion, fights against female genital mutilation, and raises awareness against sexually transmitted diseases?
Is it permissible for a lawyer to claim legal interest, estimated at 9% annually, to expedite cases against insurance companies that delay payment, knowing that not claiming it helps insurance companies grow their wealth unlawfully, and is it permissible to take this interest and spend it on projects other than food and drink?
Is it permissible to take a sum of money resulting from usurious interest with the pure intention of purchasing a key to a home?
Is it permissible for me to continue using usurious interest money to pay for expensive university tuition fees, given that I have no other source of income, and that I inherited this money from my father and it was deposited in a usurious bank by order of the Hasbi Council?
Is a described usurious transaction considered ribā, and is it permissible to rent out the property resulting from it, and to buy and sell from its tenant?
What is the ruling on participating in the "Al Naim" Islamic Investment Fund of the National Bank of Abu Dhabi, taking into consideration the fund's operational method, including deposit and withdrawal fees and the availability of a Sharia supervisory board?
Is buying shares in a telecommunications company whose business operations involve some questionable aspects (such as competitions based on text messages and investing a portion of its profits in interest-bearing bonds), with a premium conditioned on purchase, a reduction in the purchase price, and a guarantee from another shareholder covering losses, permissible or forbidden? If it is forbidden, what should I do with repentance? Should I sell the shares? If I sell them, am I obligated to give the entire proceeds to the poor, or should I deduct the premium value and give the remainder to the poor?
Is it permissible to mortgage foreign currency or gold as a deposit for a loan, equivalent to its value, to purchase a house, when the bank increases the amount by what is called loan interest?