Q. Are dividends halaal like the investments in Venture Credit Union? A. I do not know about Venture Credit Union, however, I can give you a principle which you can use to judge the situation. Dividends will be permissible if investments were made in a […]
Q. Someone borrows a sum of money from the bank. Is the capital that he borrows considered halal after the person pays out his debt? A. The capital borrowed is halal, however, he will be considered a sinner/transgressor for having agreed to pay interest to […]
Q. Can I get the fatwa on using a credit card? Does it fall under the category of riba? Also before getting one {credit card} you sign a contract stating that you would pay interest if you don’t pay on time? A. With respect to […]
Q. There are two scenarios: 1) I rent out my shop for, say $1000 per month + 1% profit from what the tenant earns. In case he doesn’t make any profit then only rent. 2) I give out my shop to someone on the condition […]
Q. I would like to know if I can get my toilet tank fixed from my bank interest money and could I also pay the plumber from the same interest money. A. It will not be allowed for you to fix your toilet tank or […]
Q. I work at a mechanic’s shop and the owner is muslim. Sometimes while working on a car things break. Do I have to ask forgiveness for accidently or intentionally breaking something like when I want to open a bolt, a clip was in the […]
Q. Can you state if one is contributing to a compulsory Health plan at work if they should utilise it and to what extent. A. The health plan which a company is connected to, is normally one which is a part of an Insurance Company […]
Question: Is taking things on term by courts or Standards etc. incurring riba or does the danger of riba come if you default and they put on interest to your payment Answer: Assalaamu Alaikum, If you purchase items and pay on an installment basis, then […]
Question: Assalaamu alaikum. Can you please clarify this matter as to whether mortgages are halaal or not? I saw one answer in your old site and a different answer in this new site. I’ll copy and paste below: OLD SITE: page 12. Mortgages. Q. What […]
Question Is being the beneficiary on a life insurance policy haram and what about if you take the capital and give away the interest? Answer First of all, becoming involved/taking out a life insurance policy is not permissible. However, if one was taken out […]