banking

Q
Filing away records of interest transactions
Assalamu ‘alaykum warahmatullahi wabarakatuhu,   “I work in the “contracts” department of a company. Its core business is management and seeking human resources within the company. Thus, there are contracts – regulating such services – between the company I work for and other companies of the group. One of the many clauses states that if…
February 27, 2018
Answered by Mufti Ismail Moosa
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Q
Purchasing something re-possessed by the bank
Assalamu alaykum Mufti, I would appreciate if you could kindly assist with the following:What is the ruling of repossessed items? Is it permissible to purchase re-possessed items from the bank? What is a person already purchased such items? Thanks
February 26, 2018
Answered by Mufti Ismail Moosa
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Q
Sellers knows money is from bank
Assalamu alaykum, If a buyer pays with a cheque, and the seller knows that the buyer Took a loan from the bank to pay for his goods, will it be permissible for him to conclude the deal?
February 26, 2018
Answered by Mufti Ismail Moosa
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Q
Working in an interest-based bank
Assalamualaykum mufti sahib, Is it permissible or impermissible to work in interest based banks in India, such as, State Bank of India, Punjab National Bank, etcetera?
February 25, 2018
Answered by Mufti Ismail Moosa
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Q
Zakah to a person in debt
Assalamu alaykum, 1) Is it permissible to give Zakah to a person in debt? 2)If a person is not eligible to take Zakah, can Zakah be used to pay his debt? 3) Can Zakah be used to off debts of near relatives? 4) If one person owes another person money, can the second person waive…
February 25, 2018
Answered by Mufti Ismail Moosa
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