- Transactions & Dealings >> Interest & Insurance
- Total Questions : 349
- Q. As salaamu alaykum Mufti Saheb, I have a query and hope you would be able to clarify the rule as per shariah. I did go through the past fatwa's on the website, however could not find soemthing which is similar to my query hence sending you this request. I had taken a car on loan in 2005. It had some down payment and the balance was to be paid in 60EMI's. I still have about another 2years more to pay this monthly instalments. What will be the best way to resolve this ,Should i clear the balance amount in one go if i can manage or if i do not have so much funds, should i sell off the car and pay off the money or what should be done. Jazakallah
1196 views
- Q. Mufti Sahab, Assalam-Aleikum. I am working for Standard Chartered Bank in License Management - Information Technology department. Job consists of mainly checking server info, creating reports etc. Do not have direct involvement in writing interest etc. Pls reply...whether i can work or not. Jazakallah
1579 views
- Q. Aslwkm Mohataram Ulema Ekram. Kya bank sey loan lena durust hai kya. ghar key papers ya sona rak kar?
4851 views
- Q. Assalam o alaikum 1-We dont have Islamic banks in Bangalore or in many parts of India. How to have our transactions without banks? Most of the banks are with interest transactions. Advise me about the mode of transactions. Why cant you (Muftis) influence the influential muslims to start Islamic banks and advise them to generate halal money. I am only listenibg about -Riba is haram.But we are involved in the system.To come out with the system of Riba- we have to create our own banking (with suceess) and give example for the community. If you have successful Islamic bank example, kindly inform.
3130 views
- Q. Could you pls let me know -Is claiming CAR Insurance for repairs permissible in Shriah or not?. Every year I pay RS 10000 as CAR insurance but till now I have not claimed the money when every I use to get the CAR repaired. May Allah reward you for the your services.
1546 views
- Q. As Salamu alaykum wa Rahmatullahi wa Barakatahu, Moulana, this is regarding health insurance. The company that i work for is giving medical benefit for employees, wife and 2 children with no amount being payed. At the same time, it gives benefits for parents at some amount being paid. Can this be taken? If answer is No, and if we have done it already what should be done? Jazakallah Khair, ALLAH HAFIZ, As Salamu alaykum
1404 views
- Q. When it is haram to accept interst and to invest the money in Insurance, how is that the musalman can save his money(money retained by him after actual expenses in the month or year) ? What is the concept of savings(bachat) in the Islam?
1817 views
- Q. What is the sharia ruling on investments in bank fixed deposits schemes and postal fixed deposit schemes.
4938 views
- Q. to make the L.I.C. POLICY IN ISLAM IS PERMIT.TO WORK AS A L.I.C AGENT IA ALLOWED IN ISLAM TELL ME ABOUT COMMISSION AGENT THAT MONEY IS HALAL OR HARAMPLEASE TELL ME IN DETAILS KHUDA HAFIZ. ASSALAMUALIKUM
8734 views
- Q. Assalamualikum " Kia islam mey Insurence jayaz hai? agar hai to kin cheezo per jayaz hai? yaha Oman mey Car, Medical, Office, Insurence karwana padta hai
1728 views
- Q. Assalamualaikum Iam working in a Company In INDIA. Mashaallah iam getting a good Salary. Income Tax Deduction is very high on my salary. Can i open PPF account , Can Take Home Loan(Iam residing on Rent here but in Delhi my father is having House)or can Invest in LIC,Mutual Fund , NSC etc. But all are giving certain percentage of amount after stipulated time period.So is it jayaz as per shariah to invest in these things.In home loan i have to pay the interest to the bank against the amount i loaned for taking home. Please Reply as soon as possible. Jazakallah Khair
1792 views
- Q. Regard to fatwa ID 6948. is it allowed to buy a house in the same manner ? Prophet SAW cursed the accepter of interest and its giver,and the two witnesses and the one who records it,and he said they are all equal. doesen't this contradict what you have said ? INTEREST isit haram by its nature or depends on how you use it ? please throw some light on this. jazakallah.
1142 views
- Q. My friend works as a manager in a commercial bank. According to the banks reports, more than 50% of their profit is from interest. My friend wishes to donate a rug for the masjid floor. Can we accept it from him? If not, how do we inform him of such?
1693 views
- Q. I want to know if it is ok to take backend operations (Office operations) job of an insurance company as it involves works like documents checking, and further processing of the product. Plz advice soon viz possible.
1161 views
- Q. I am a student studying my undergraduate in bangalore.i want to go to england to persue my further studies.i am not in a position to pay the whole fees.so i wanted to take educational loan which charges me an interest of 6%-12%.i dont have any knowledge of interest free loans.is it ok to take loan.i am in need of money as i cant afford the fees.please guide me.im confused.please reply in detail.thank you.
1289 views
- Q. Assalaam-u-Alaikum, I own a credit card processing company, in which I have a few representatives working under me. Some of them are also non-muslims. I, myself, do not sign up any wine stores, but cannot stop them from doing so. The thing is, that I get a certain percentage on their accounts. I have been keeping the money from these accounts seperate till now, but I have no idea what to do with this money. So my question is, will it be ok for me to hire a non-muslim employee for the firm, and pay him from this money? And also, are we allowed to pay our income tax form this or interest money ? I am very confused regarding what to do with this money, so, please guide me in how to utilize it and stay away from gunah. Jazak Allah
1213 views
- Q. I live in Pakistan. I have two life insurance policies. The investment in one insurance policy goes to shares market so the unit value of the policy fluctuates (there can be gain or loss as well). in the other policy investment goes in inetrest based securities. plz guide should i pay zakat on both these policies. I have prize bonds of reasonable value. Am i required to pay zakat on these. plz guide. thanks
1360 views
- Q. My company provides medical benefit for a couple and two children.Comapany pays insurance premium for all of them.Currently company is providing medical benefit of Rs 5000/- for normal medical treatment and Rs 45,000/- for Hospitalization. Please let me know whether I can avail this benefit? Also company is proving higher medical benefit of Rs 5 lakh for hospitalization but we need to pay premium to avail this benefit. Please let me know whether I can avail this benefit?
2083 views
- Q. In India Income Tax is deducted monthly from our monthly salary, So can we take any LIC/Mediclaim policy or investment scheme without the intention of taking interest from the corresponding policy & having the intention to pay the received interest to poor (means having the intention to save salary from IT deduction & not to take interest for self use)?
1800 views
- Q. AsSalaamu alaikum, I live in New Zealand with my wife and children. We live in a accommodation provided by government for poor people. The environment and people here are very bad. I am planning to move out in a better place.The rent outside is very high and if I buy a house then I have to borrow money from bank on interest. I have already searched for islamic finance but can't get one in this country.so plz tell me if i can take a loan from the bank for buying a house. JazakAllahu khair.
1431 views