Categories
Answers: 43Ribaa (interest or usury) & Money Exchange
- 90,548
Ruling on taking part and working in savings accounts
- 23,588
The bank is asking him to open two accounts, one for saving, on the grounds that it will protect his money
- 12,847
Buying a flat by instalments when there is a clause in the contract that stipulates a penalty in the event of late payment
- 14,131
Should he take a riba-based loan if he does not intend to pay the interest?
- 25,241
He took a loan with riba to buy a house under pressure from his father
- 9,607
He took a loan with interest and is paying it off with the interest from investment certificates at the bank
- 11,695
Selling worked gold for ingots with a payment for the work
Is Currency Trading Halal?
Trading in currencies is halal so long as the exchange takes place in the same sitting as the contract is made. If the deal is in the same type of currency, this is not permissible because it is a type of riba.286,817- 10,337
Savings in the Post Office – how should he pay zakaah?
- 45,594
Should he take a riba-based loan in order to buy a house?
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