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Tag Archives: riba
Can he take a loan with interest?
I want to humbly ask you for some advice concerning a brother’s situation… Continue reading
Posted in Halal & Haram
Tagged interest, loan, riba, riba-based transactions
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Working in Banking software making company
Is working in a software company which deals with banking softwares haram ?… Continue reading
Posted in Halal & Haram
Tagged bank, banking software, calculate, company, disliked, functionss, halal, haram, impermissible, interest, knowledge of, permissibility, purpose, riba, riba-based transactions, software, sole purpose, unknown, validity, working
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Receiving Income from buying and selling stocks
I recently opened an online trading account on TD Ameritrade to buy and sell stocks in the New York Stock Exchange and NASDAQ… Continue reading
Posted in Halal & Haram
Tagged bank, halal, haram, interest, interest-based bank, NASDAQ, New York Stock Exchange, profit, riba, shares, stock price, stocks, trading account, usury
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Interest received on savings account with bank
Q: In what ways can we use the money received as interest on a savings account with bank. Continue reading
Posted in Halal & Haram
Tagged interest, riba, savings
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Treasury bills
Q: Please, is it permissible to deal in treasury bills? Continue reading
Posted in Halal & Haram
Tagged interest, investment, riba, t-bill, treasury bill
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“Permissibility of conventional mortgage under necessity”
Q: Is it permitted to buy a house using a normal bank mortgage? Continue reading
home mortgage
Q: For those living in the west is there permissibility to purchase a house with a standard mortgage? Continue reading
Hajj Permitted for Mortgagee?
Question: Asalamu alaikom. Bismillah al-rahman al-rahim Can a person go to Hajj if they still have a mortgage on there house. Allahumma salli ala Sayyidina Muhammad Answer: `Alaykum as-Salam, You may go to Hajj as long as the funds used … Continue reading
Posted in Hajj, `Umrah & Ziyarah
Tagged hajj, halal earnings, mortgage, pilgrimage, riba
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Fixed-Rate Interest-bearing Bank Account
So, won’t it be better that a man keeps his money without any decrease or increase. He takes bank statements at some intervals calculates the charges deductions and balance, withdraws surplus money (profit) divides it among needy.[fr]A: Fixed-rate or otherwise, interest is haram.[/fr] Continue reading
Posted in Halal & Haram
Tagged bank account, Charity, checking, dirty money, distribute riba, donate interest, donate riba, fixed-rate, forbidden, give away interest, give away riba, haraam, haram, impure, impurity, interest, riba, sadaqa, usury
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Investing in Stocks
Q: What are your opinion about the business of shares (stock exchange)…?
A: It is preferable to invest in gold but interest-free bank accounts may be used. Continue reading
Posted in Halal & Haram
Tagged gold, interest, investment, riba, shares, stocks
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