I am a working man with a small salary, and I do not have any other way to buy a car other than via the bank – in an arrangement whereby I rent the car [at a higher rate], which ends with me owning it.
Tag: ribaa
Settling debts
I have debts [amounting to] about 50,000 [Saudi] Riyals; so which supplication should be made to [aid the] fulfillment of the debts?
Repenting from Ribaa
Reference: Fataawa Noor ‘alad-Darb – Question No.6293, Page 122, Volume 12 Question: Does repentance expiate [the sin of dealing with] ribaa? Response: Repentance expiates everything, and wipes away [the sin of] what has [since] passed – [whether it be] ribaa or other than it. However, regarding ribaa, Allaah (Ta’aala) says: {But if you repent, you may […]
Working with someone whose sustenance is from prohibited wealth
What is the ruling about working with someone whose sustenance is from prohibited wealth? And what is the ruling of eating [from the provision] of this person at gatherings?
Money in the bank for safekeeping, but I don’t take interest
Is it permissible for a Muslim [living] in a non-Islaamic country to deposit his money in a bank, and receive non-Sharee’ah compliant profits, [bearing in mind] there are no Islaamic corporations in that country?
A millionaire
“O brothers! By Allaah I hope to become a millionaire so I can [help] relieve the thousands [of people] like this woman from the shackles of ribaa.”
Working nights as a security guard for a bank
He has been working for one of the banks for a period of ten years, and he [recently] learnt that working for banks is not permissible. He works nights as a [security] guard, and has no connection with the [trading] activities [of the bank], so can he continue working [there] or [should he] leave?
Renting a trading establishment to a bank which deals with ribaa
I own [some] stores located on al-Hijaaz Road, and the National Bank has offered to rent them; [so] since this bank is amongst those banks which deal with ribaa, would it be permissible for me to rent [these stores] to this bank and those like it which deal with ribaa? Please provide us with a fatwa, and may Allaah reward you [well].
Working in Islaamic banks and investment companies
Is working in Islaamic banks or Islaamic investment companies permissible, and is the salary [of the one who does] halaal?
Depositing money in interest-based banks
What is the ruling regarding the profits (interest) from interest-based banks?