Tag Archives: usury

Sahabi Mu’awiya

Posted on February 3, 2012 by Shaykh Gibril Fouad Haddad

dWhat’s the status of the act of saying “rahimahullah” after mentioning the name of Mu’awiya, in lieu of taraddi… Continue reading →

Posted in Belief & Doctrine | Tagged Ahl as-Sunnah wa'l-Jama`ah, companions, comparing Sahaba, curse, disparaging comments, respect for Companions, salutations, Sayyidina `Ali (r), Sayyidina al-Hasan, Sayyidina Mu`awiya, Shia beliefs, spiritual levels, Sunni belief, usury | Comments Off

Lawyer in Islamic Finance

Posted on January 16, 2012 by Shaykh Senad Agic

I am a lawyer specializing in Islamic finance and my role involves writing the documents. Over time I have come to my personal opinion that there these arrangements are not Islamic at all… Continue reading →

Posted in Halal & Haram | Tagged `ulama, accountability, halal income, riba, usury | Comments Off

Bank Account has interest

Posted on October 27, 2011 by Eshaykh Staff

My account has interest on it. What should i do to make amends? I was thinking of telling the bank to cut the interest from my account so there would not be anymore interest…. Continue reading →

Posted in Halal & Haram | Tagged bank account, bank interest, banking, Charity, riba, sadaqa, usury | Comments Off

Receiving Income from buying and selling stocks

Posted on March 2, 2011 by Shaykh Senad Agic

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 | Comments Off

“Permissibility of conventional mortgage under necessity”

Posted on December 4, 2010 by Eshaykh Staff

Q: Is it permitted to buy a house using a normal bank mortgage? Continue reading →

Posted in Halal & Haram | Tagged bank, bank loan, baya`, darurah, deferred payment, Europe, fatwa, home, house, interest, necessity, rent, riba, usurious loan, usury | Comments Off

Fixed-Rate Interest-bearing Bank Account

Posted on November 1, 2010 by Shaykh Gibril Fouad Haddad

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 | Comments Off