Question   We have much accumulated interest funds that we have unintentionally received from the banks. We know that in our community there a lot of people who are struggling with day to day survival and are turning to the banks for loans based on interest. Some of these brothers are genuinely stuck and are in need of help for them to get out of this vicious circle of interest.   Could we help these brothers to pay off their … [Read more...]

    Question   I want to know the information regarding taking loan on interest from a non islamic bank.Yest i have attended one biyaan in one of the mosque situated in ,hyderabad,INDIA. During the biyaan Moulana saheb told that we can take interest from a non islamic bank banks or any non muslim organisation as our country is non islamic ruled by non muslims it is ok to take intrest in a non islamic … [Read more...]

  Question   1) Bank (A) has an Islamic finance program for real estate (villa or land),  they give you a loan at a margin of 4.75% according to your monthly income + 10% as down payment for 20 years. The bank doesn't possess any real estate, they ask you to go and search for anything you like and then they re-evaluate it, and then they buy it on their name, then they make a lease contract with the client for 20 … [Read more...]

  Question   If one has Interest money to give away who should one give It too? I would like to know if it is permissible to give it to a Muslim Family member.     Answer   Muhtaram / Muhtaramah   In the Name of Allāh, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāh wa-barakātuh.   It is permissible to give interest money to a … [Read more...]

Question Is taking Life Insurance Policy allowed in Islam?. Answer Muhtaram / Muhtaramah In the Name of Allāh, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāh wa-barakātuh. All conventional insurance schemes have elements of interest, gambling and uncertainty in them. The factors make conventional insurances prohibited. And Allah knows best Darul Iftaa Madrasah Inaa’miyyah · The Sharée ruling herein … [Read more...]

Question A while ago I was involved in a road traffic accident, as a passenger in my cousins car. Here in the UK, all drivers must have insurance in order to drive their vehicle. My cousins had an accident etc, then made a claim through her insurance company for compensation. My name was given too, as I was a passanger in her car. The legal firm fighting her case for compensation also included me in the claim. The compensation works as … [Read more...]