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...]

Question Dear Hazrat, My friend is a travel agent and he books air tickets. He accept cash and credit card from customers for making payments. He has installed a credit card swiping machine from a bank which is used for accepting credit card payments. Bank usually charges around 3% for processing credit card payments. As he has cash available so, nowadays, he is giving cash on credit card to people who want cash after swiping credit … [Read more...]