Interest & Islamic Finance

Assalamu A'laikum, As you all know cryptocurrency has earned a good reputation previous year. My question is related about Bitcoin. Many are claiming that bitcoin will get as low as 900$ then may get a strike of 20,000$ So if I buy bitcoin in lower price & sell it at higher will it be a…

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 4000 as commission each month for maintaining this process. Money(96,000) will be…

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…

Asslaamu alaykum, Can we pay our traffic fines with interest money?

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

Assalamu alaykum wa rahmatullahi wa barakatuhu 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? Likewise, if I sell cars and I know the customer is financing it through…

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?

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?