Islam
Q&A for Muslims, experts in Islam, and those interested in learning more about Islam
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Loan to be returned at the rate of gold
I was 19 years old and my uncle gave me money which he said I would need to return at the rate of gold. So basically if for example he gave me 100 PKR - he would consider it as an equivalent amount of gold on the day he would loan me the money. The loan for studies and was given over a period of tim...
I was 19 years old and my uncle gave me money which he said I would need to return at the rate of gold. So basically if for example he gave me 100 PKR - he would consider it as an equivalent amount of gold on the day he would loan me the money. The loan for studies and was given over a period of time.
In the monetary terms, I have paid him twice the amount and the loan is still outstanding. Someone said that in Islam it would be considered as an interest (riba) in Islam!
Muhammad Tahir
(11 rep)
Mar 18, 2024, 09:55 AM
• Last activity: Aug 10, 2025, 03:05 PM
7
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4
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Is it OK to teach banking related subjects in school?
Is teaching interest based banking system in school allowed for a Muslim teacher?
Is teaching interest based banking system in school allowed for a Muslim teacher?
tariq
(157 rep)
May 3, 2016, 04:06 PM
• Last activity: Aug 5, 2025, 06:01 PM
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Is working in insurance company allowed if the Sharia Council of that country has approved it to be following Sharia rules?
I have been offered a job from a medical insurance company to work in their head office. In their profile they say that their company's operations are approved by Shariah Review Bureau (this multinational company is in Saudi Arabia). Do I still need to research more on it from other sources before i...
I have been offered a job from a medical insurance company to work in their head office. In their profile they say that their company's operations are approved by Shariah Review Bureau (this multinational company is in Saudi Arabia).
Do I still need to research more on it from other sources before i join them?
Adil Jamshed
(11 rep)
Feb 9, 2015, 07:09 AM
• Last activity: Jul 27, 2025, 07:03 PM
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Is working for a fintech company that sells software to banks, halal?
The company is a 'financial experience company'. Essentially what they do is provide digital banking solutions to financial institutions, including banks and other fintechs. Here's a breakdown of what they offer: Digital Banking Platforms: They provide software that allows financial institutions to...
The company is a 'financial experience company'.
Essentially what they do is provide digital banking solutions to financial institutions, including banks and other fintechs.
Here's a breakdown of what they offer:
Digital Banking Platforms: They provide software that allows financial institutions to offer online and mobile banking services, including account management, bill pay, and transfers.
Lending Solutions: They help banks and credit unions streamline their lending processes, from loan applications to origination and servicing.
Payments and Transfers: They offer solutions for handling various payment types, such as checks, ACH transfers, and P2P payments.
Data Analytics: They provide tools to help financial institutions analyze customer data and gain insights into their behavior, preferences, and needs.
Fraud Prevention: They offer solutions to help protect financial institutions and their customers from fraud.
They simply sell the platforms and software that allow the institutions to do all this stuff in a good looking UI.
Would working at this company in IT be permissible?
To be clear this company does not provide any financial services itself. The only part of it that might deal directly with riba is the lending solutions part. Which is what I'm worried about.
CawCaw
(21 rep)
Oct 6, 2024, 04:22 AM
• Last activity: Jul 25, 2025, 04:10 PM
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Paying tuition fees through riba based bank
Is it permissible to pay my tuition fees through a riba-based bank? My school has only one option to pay tuition fees. I only go to the bank and pay the fees to the cashier and they sign my fees card, then transfer the money to my school (maybe they also charge money from my school authority) . Is i...
Is it permissible to pay my tuition fees through a riba-based bank? My school has only one option to pay tuition fees. I only go to the bank and pay the fees to the cashier and they sign my fees card, then transfer the money to my school (maybe they also charge money from my school authority) . Is it permissible for me to pay through this bank?
user49626
Mar 5, 2022, 10:52 AM
• Last activity: Jul 18, 2025, 02:03 PM
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Is it ok to buy a vehicle via an equated monthly installment (EMI)?
Is it ok to buy something via an equated monthly installment (EMI)? For example, I am planning to buy a vehicle which is of cost around 50,000(INR). If I can't afford 50,000 outright, I have other option to buy a vehicle but EMI (paying monthly installments like 2,000(INR)) An equated monthly instal...
Is it ok to buy something via an equated monthly installment (EMI)? For example, I am planning to buy a vehicle which is of cost around 50,000(INR).
If I can't afford 50,000 outright, I have other option to buy a vehicle but EMI (paying monthly installments like 2,000(INR))
An equated monthly installment (EMI) is defined by Investopedia as:
> "A fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is paid off in full."
You can read full detail on [Wikipedia](https://en.wikipedia.org/wiki/Equated_monthly_installment) .
Aღmirkhan
(136 rep)
Dec 1, 2015, 09:33 AM
• Last activity: Jul 2, 2025, 10:13 AM
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1
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Paying back interest of a loan with interest earned from a bank acciunt
I have took a loan. I am going to pay it back for next ten years. Every month I pay 600 dollars interest in this loan installment. After taking loan, I got 50 thousand dollars from somewhere. I asked bank to take it. They said it is not possible because we want to earn interest. Can I put my money i...
I have took a loan. I am going to pay it back for next ten years. Every month I pay 600 dollars interest in this loan installment. After taking loan, I got 50 thousand dollars from somewhere. I asked bank to take it. They said it is not possible because we want to earn interest.
Can I put my money in the same bank and earn interest on it which is around 100 dollars and then pay it back to same bank in the loan installment which has 600 dollars interest in it?
SNiaz
(11 rep)
May 15, 2024, 06:15 AM
• Last activity: Jun 13, 2025, 02:06 AM
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Is exchanging two different things of different prices, riba (interest)?
I watched a video (I can't remember where I watched it) that says exchanging two different things of different prices is riba (interest) as per Islam, and it was told by the Prophet (Peace be upon him). I'll give some examples. 1. I give two `$500` worth of phones to my friend and gain a laptop that...
I watched a video (I can't remember where I watched it) that says exchanging two different things of different prices is riba (interest) as per Islam, and it was told by the Prophet (Peace be upon him).
I'll give some examples.
1. I give two
$500 worth of phones to my friend and gain a laptop that is worth $1000.
2. I give two $500 worth of phones to my friend and gain a laptop that is worth $1500.
3. I create a mobile app worth $1000 and get a $1000 worth of laptop.
4. I create a mobile app worth $1200 and get a $1000 worth of laptop.
How and when will these scenarios come under riba (interest) or not?
Aadhil Ahamed
(11 rep)
Apr 29, 2025, 07:58 AM
• Last activity: May 30, 2025, 07:09 AM
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working in IT department of bank
does it matter if I work for an IT company which works for a bank is it haram because I get money for the work I do if that's the case then isn't all money haram because of the source i.e., the bank? So what can I do? what are all the possible IT companies with high pay and not haram? also what are...
does it matter if I work for an IT company which works for a bank
is it haram because I get money for the work I do if that's the case then isn't
all money haram because of the source i.e., the bank? So what can I do? what are all the possible IT companies with high pay and not haram?
also what are the consequences of the child who's father works in such IT department for the bank.
Mohammed Ishfaq
(1 rep)
May 28, 2025, 02:10 PM
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I took a riba based mortgage when I wasn’t practicing Islam
As-salamu alaykum. I want to start off by giving some context to my situation. I am a revert that lives in a non Muslim family. For some reason my parents are heavily against me being a Muslim so for the time being I am practicing in secret. My parents have been pressuring me and my brother into buy...
As-salamu alaykum. I want to start off by giving some context to my situation. I am a revert that lives in a non Muslim family. For some reason my parents are heavily against me being a Muslim so for the time being I am practicing in secret. My parents have been pressuring me and my brother into buying a house under me and my brother’s name for almost a year now. About 5 months ago I caved in without thinking of the consequences and went along with what they wished and took a riba based mortgage. My parents helped with the down payment contributing 150,000 dollars while I made a contribution of 23,000 dollars. At the time of this taking place my faith was very weak and I was not practicing Islam at all. I wasn’t praying, reading the Quran or doing anything as a Muslim. Alhamdulilah, recently I have found myself faith again and I have realized the grave mistake that I have committed. I would really like to hear some advice as to what I should do because this is really bothering me.
TurquoiseRunner
(1 rep)
May 24, 2025, 07:38 PM
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Getting extra money in return by the borrower by his own will
Salam! Recently I got layoff from the company. They paid me the amount of provident fund which I opted to be islamic(I demanded no interest on it). Few days after it they by their own will paid me some extra amount which as per them is the amount of interest I denied and was not willing to take. Now...
Salam! Recently I got layoff from the company. They paid me the amount of provident fund which I opted to be islamic(I demanded no interest on it). Few days after it they by their own will paid me some extra amount which as per them is the amount of interest I denied and was not willing to take. Now the company has been closed and there are no means to return that amount or ask them to take back. Is that amount halal for me or falls under Riba as there was no agreement between me and the company for that amount and there were no pre determined rates. Thank you!
Raja Ashan
(1 rep)
Mar 27, 2025, 10:13 AM
2
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Definition of interest or "رِبا" in each of the 4 popular sunni schools of Fiqh?
Can someone spoonfeed me the definition of "Riba"="ربا"=interest in each of the following schools: Hanafi, Maliki, Shafi'i, along with explaining the Shafi'i definition. I'd like the definitions in Arabic too if possible, I remember in Maliki that it is in the lines of "كل قرض جر نفعا ...", while fo...
Can someone spoonfeed me the definition of "Riba"="ربا"=interest in each of the following schools: Hanafi, Maliki, Shafi'i, along with explaining the Shafi'i definition.
I'd like the definitions in Arabic too if possible, I remember in Maliki that it is in the lines of
"كل قرض جر نفعا ...",
while for Shafi'is, something like
"عقد على عوض مخصوص غير معلوم التماثل...".
In particular I heard the Shafi'i's definition is exceptionally long aiming to cover all cases but fails to cover only one of them, I appreciate a clarification on this matter and explanation for it, Actually if possible an explanation for each of the 3 definitions I'm requesting. so the request is for:
- Definition for Riba in Hanafi Fiqh, written in Arabic, along with explanation,
- Definition for Riba in Maliki Fiqh, written in Arabic, along with explanation,
- Definition for Riba in Shafi'i Fiqh, written in Arabic, along with explanation pointing what it covers and what well-know cases of Riba it misses (I don't know if there is disagreement around Riba cases between schools of Islamic Fiqh, so I said "well-known cases"),
zaknenou
(29 rep)
Feb 10, 2025, 02:51 PM
1
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1
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80
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Is working for trading company that gives interest to user Haram?
I’ve recently started working at a trading company as a software engineer, there business model is as follows: Their main source of profit is trading fees. But, they give their customers interest on their money, basically the company transfer all users money to the central bank, they gain interest o...
I’ve recently started working at a trading company as a software engineer, there business model is as follows:
Their main source of profit is trading fees.
But, they give their customers interest on their money, basically the company transfer all users money to the central bank, they gain interest on that money, then they give the interest to end customers.
Is working for such company Haram or Halal?
My actual work has nothing to do with interst.
Mohammad Shaban
(11 rep)
Nov 7, 2024, 09:30 PM
• Last activity: Dec 8, 2024, 01:05 AM
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Assalamualaikum my question is work related as csp customer service point of bank
I am going to open a cyber cafe which will also have a CSP point of the bank, where we can credit and debit money from the bank to the customer's account and open an account, in which we get commission, so is this work haram?
I am going to open a cyber cafe which will also have a CSP point of the bank, where we can credit and debit money from the bank to the customer's account and open an account, in which we get commission, so is this work haram?
Abdulrazak
(11 rep)
Oct 14, 2024, 03:53 AM
2
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0
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127
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Placing someone's money in bank, and giving him the cost for placing his money in bank for bank statement
If I get some investor to put money in my bank account for 40 days, basically i need bank statement for study visa, and i have to pay the investor 5-10% of that money which he put in my bank for my bank statement of 40 days, after which he will take money out of bank. Is it permissible or not? Note:...
If I get some investor to put money in my bank account for 40 days, basically i need bank statement for study visa, and i have to pay the investor 5-10% of that money which he put in my bank for my bank statement of 40 days, after which he will take money out of bank. Is it permissible or not?
Note: It's not an investment, not a business loan, nothing. It's just he will place the money in bank for 40 days and we pay 5-10% of that to him. This is only for my bank statement to show for study visa, applying for United Kingdom.
Someone.
(21 rep)
Oct 7, 2024, 07:53 PM
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0
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Is buying a phone with monthly instalment haram?
I'm intending to buy a phone by monthly instalment, but not sure if its halal or not? Details about the credit: • APR including taxes: 0%. (interest 0%). • No application fees. • Monthly insurance fees including taxes: under 60 years old 0.077%, under 75 years old 0.11%, under 78 years old 0.143%. M...
I'm intending to buy a phone by monthly instalment, but not sure if its halal or not?
Details about the credit:
• APR including taxes: 0%. (interest 0%).
• No application fees.
• Monthly insurance fees including taxes: under 60 years old 0.077%, under 75 years old 0.11%, under 78 years old 0.143%.
My main concern is the **monthly insurance fees** and the fact that even though the phone is from Samsung the credit will be processed by another Company.
Yoshino
(1 rep)
Sep 14, 2024, 11:25 AM
0
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0
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132
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Daughter Supporting Family with Interest Money
Assalmualikum. I am a female living with my mother and siblings. I work as a freelancer and have some savings in my bank account. I know interest is prohibited, but my brother doesn't support us. He never worked 3 years after my father's death, and now he works but spends all his money on himself. I...
Assalmualikum. I am a female living with my mother and siblings. I work as a freelancer and have some savings in my bank account. I know interest is prohibited, but my brother doesn't support us. He never worked 3 years after my father's death, and now he works but spends all his money on himself. I deposited my savings in a bank account, and my mothers and sisters used that money. I live with them, but in order to save myself from that money, I give some extra money from my own earnings, like an amount sufficient for one person's expenses. Am I safe? or am I obliged to bear the costs of my sisters and mother. The interest money is enough for them to run the house, and my brother lives off of that money too.
Iqra Asif
(1 rep)
Sep 6, 2024, 02:14 AM
0
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0
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49
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Is attending a property transaction where buyer is getting loan forbidden?
What I have read till now is indulging in ribs in anyway is forbidden, be it taking, giving, making contract, executing or being witness. My questions: 1) What if I do not facilitate loan but get muslim buyers who are willing to take loan on their own...can I work for just seller in that case? 2) As...
What I have read till now is indulging in ribs in anyway is forbidden, be it taking, giving, making contract, executing or being witness.
My questions:
1) What if I do not facilitate loan but get muslim buyers who are willing to take loan on their own...can I work for just seller in that case?
2) As a real estate agent can I attend the closure meeting from seller side while muslim buyer is getting bank loan on its own? Will I become a witness?
Wasim Shaikh
(1 rep)
Sep 22, 2020, 09:27 AM
• Last activity: Aug 4, 2024, 06:54 PM
3
votes
0
answers
1720
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Is working in central bank haram which does not provide loans nor keep deposits based on interest?
So far I know that working in riba-based bank is not allowed. But for central bank, which does not provide loans nor keep deposits based on interest, will it be permissible to work on the central bank (Central Bank of BD -Bangladesh Bank)?.
So far I know that working in riba-based bank is not allowed. But for central bank, which does not provide loans nor keep deposits based on interest, will it be permissible to work on the central bank (Central Bank of BD -Bangladesh Bank)?.
user19867
(31 rep)
Oct 31, 2016, 06:01 AM
• Last activity: Jul 30, 2024, 11:59 AM
2
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3
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6712
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Is Rent to buy allowed?
Recently I've been searching for a house online, of course I do not want to get involved in Riba Astagfir-Allah, so I started subscribing to all these "sale in execution" property auction websites, so I can see whether I could get some good deals. Anyways, I came across this one car they said you ca...
Recently I've been searching for a house online, of course I do not want to get involved in Riba Astagfir-Allah, so I started subscribing to all these "sale in execution" property auction websites, so I can see whether I could get some good deals.
Anyways, I came across this one car they said you can buy it on "rent to buy".
So I looked up "rent to buy" and according to this explanation on Forbes.com you pay a deposit / down payment on the property (car / home/etc) and the rent you pay each month includes rent plus a downpayment on the innitial price of the house, and the price does not fluctuate with the interest rate.
Is it Halal to be involved in such a transaction? Please give a reason for your answer, Shukran.
pythonian29033
(307 rep)
Jan 27, 2014, 10:05 AM
• Last activity: Jul 11, 2024, 04:18 PM
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