Category : Interest

  • Airline offering 10% bonus credit voucher

    13 Sep 2021 Ref-No#: 3485

    السلام عليكم ورحمة الله وبركاته An airline is offering 10% extra credit than you originally paid for future use if you choose not to refund your ticket in original form of payment (cash or visa card) Will this be considered interest (riba) ..? Kindly c...


  • Interest in a savings account given to me

    14 Jul 2021 Ref-No#: 3158

    When I was born my parents made me a savings account and put money in it up until a few years ago (it’s meant to be for a car or university I think) , I believe this savings account has interest and I’m not sure what percentage of it is interest and what is actual money , so now I’m unsure ...


  • Working as an IT Technician in a Haram Company

    05 Jul 2021 Ref-No#: 3039

    Assalamu alaikum, I have been offered two different opportunities to work for Guaranteed Rate and American Express as an IT Technician. One is a mortgage company and the other is a financial services company that offers credit cards. Would it be Haram to work for these companies because of...


  • Credit card

    14 Jun 2021 Ref-No#: 2617

    If someone buys something from abroad with credit card and sells to me. Am I allowed to buy it according to Sharia law? ...


  • Investment

    30 Dec 2020 Ref-No#: 2550

    If you invest in a company and that company pays 8 to 12% of the amount invested according to the profit gained by company, is it interest? Please guide. ...


  • Is dropshipping on Amazon(or other similar) is halal?

    25 Jan 2020 Ref-No#: 2289

    assalamu aleikum. I stay in Malaysia. We have one website which is similar to Amazon. I want to do business based on dropshipping. My plan: To upload a product I want to sell. When order will come, I go to buy this product and then ship it to the customer. Many people already asked th...


  • Inquire about interest money

    17 May 2019 Ref-No#: 1711

    Aslam o alikum.. Sir I have very important questions to ask about use of interest money… I work in restaurant where I have to give 1 riyal on every 100 riyals of sales I do as a tip share to company. Means if I do 3000 sales I have to give 30 riyals every day whether I get from...


  • Teaching and researching Finance

    23 Oct 2018 Ref-No#: 1123

    Assalam-O-Alaikum, Is it permissible to teach Finance (this would include teaching about interest and how to use it for calculations)? Also, is it permissible to do academic research in Finance (research may be on bonds or other interest bearing instruments and even if it is not directly r...


  • Chit Funds

    07 Jul 2018 Ref-No#: 817

    As’salamu alaykum wa rehmatullahi wa barkatuhu. There is a chit scheme.In this lets say about 10people and 1 agent will be involved..these 10 people will pay 10,000 each for 10 months(that means 100,000 (10,000*10people’s money) will be gathered each month).The agent will take ...


  • Gratuity and Pension Fund

    24 Apr 2018 Ref-No#: 623

    I am employed in an organization where monthly deduction is made on account of Gratuity and Pension Funds (GPF). These funds are given at the time of retirement to the employee. The employer invests these funds . There are 02 categories of GPF interest bearing and non -interest bearing . B...