- Transactions & Dealings >> Interest & Insurance
- Total Questions : 349
- Q. We live in a Non Islamic country where interest is legal. If we have to do business and survive with are rivals in business we require money. In this context is taking loan from banks wrong. Please dont misunderstand, but if its wrong then it will be very difficult for muslims in this country to progress. We will never improve our economic status as a community. What does the Quran and Hadith say in this regard.
7019 views
- Q. I am System Operator in Srikalahasti Municiality and Agent in Bajaj Allianz Life Insurance Co. Ltd., my doubt is in Bajaj Allianz I do only (ULIP) Unit Linked and Insurance Product - That means depend on Share Market and company gives Insurance also to constomer - please give clarify to me immediately.
1072 views
- Q. I would like to know that one of friend's sister is working in Life Insurance Company as a Sales Manager. Would like to know whether this job is Halal or Haram for her ? Appreciate the swift response.
1481 views
- Q. What about use of credit card? Can I use them and pay with in free credit period limit? To be more clear, credit card provides a time limit to pay your bill. till that time they are not going to harge you any interest. So can i use the credit card if i pays the bill with in time limit?
1600 views
- Q. My question is that there is a builder who is also a muslim who when u invest say rs ten lakhs he says he will give u a fixed return of 30% of ur investment, he actually sells u a flat fro a particular pri ce but guarantes payment of 30% before it sold. Does this tranction HALLAL or does it come under interest. JAZZAKALLH. 2 My other question is regarding saying of TAHAJJUD. Iregularly say my ISHAAN namaz in the mosque and then go to sleep by 11.30 in the night. Can i say my Tahjjud just before i go to sleep i.e by 1.30 or do i have to sleep for some time and the get up to say tahajjud.
1270 views
- Q. I have a property which i wish to get insured against fire and any natural calamity. Please advise if shariyat approves such action.
1186 views
- Q. I want to purchase the car on Loan from the Nationalised Bank. The bank will give the money directly to the Car Distributor. and the car Distributor give the car to me and I will pay in instalment to the Bank (with the amount Intrest) Is it permisible uner shariat Law or not?
1813 views
- Q. What we Muslim should do with BANK INTREST?
1775 views
- Q. I WANT TO KNOW THAT IT IS LEGAL TO DO LIFE INSURANCE & TO BECOME LIFE INSURANCE AGENT IN THE EYES OF SHARIYAT.
4198 views
- Q. I Know very clearly that intrest is haram,but what you suggest for saving income tax, can i take medical police, home loan ( if no one give as you say that first bank should buy and then sale it to us ).i live on rent. Medical card which provided by our company free of cost is it ok to take benefits of this medical card.
1841 views
- Q. Today i planed to purchse one flat in mumbai cost 20 lakhs,but i could not,becouse need some more mony and only the way to take loan from the bank like 30% loan.Then i refused not to take loan and will purchase after one year with full money without loan.but after one year cost of flat gone to 30 laks and now also same situation as above.so my question is that loan from the bank is possible?becouse rate are going high and high.If i purchase that flat in 20 lakhs with loan then i could gain more flat cost.my monthly salary is around 0ne lakhs ALHAMDULILLAH.Please advise me in light of quran and hadith.
2264 views
- Q. I have a business of handicraft manufacturing in delhi. Every year i have to pay a huge amount of money as income tex. My C.A. Suggested me to take L.I.C. Policy bcouse by having so i could get a benefit of 20% discount in income tex money. Could i take the policy to save 20% money?
1584 views
- Q. I have a query. Please clarify. Alhamdulillah i am a software engineer. Last year for saving Income-tax i had done Fixed-deposit in bank with a clear intention that i would not consume the interest money. But since even after this i had to pay income-tax (Rs.9000/- apprx.) as my salary package is masha-Allah good. I wish to know that out of the interest money earned on the Fixed-deposit [when it matures in future] can i consume Rs.9000, since i had paid that as tax. Please reply.
1565 views
- Q. I wanted to know that is doing a job in banking and financial sector is prohibited in islam? While there are lots of opportunities for muslim youths.
1242 views
- Q. I want to take a house through ICICI or HDFC bank in Mumbai. Is it permissible. Thanks!
1401 views
- Q. I am practicing as General Insurance surveyor & loss assessor & get fee paid by General Ins.Co (United India Ins., National Ins. Co.Ltd.,Relince Gen Ins Co., ets) My job involves to photograph the accident things ( Motor cars, Shops & some times human beings, animals, Poultry) & assess the loss technically & submit my report regarding which i am being paid as per the loss. I would like to know whether Islam permits my profession & earnings. General insurance basic concept for example one co .insures hundred cars & when loss occurs there loss will be monetarily reimbursed.
1502 views
- Q. I am working in a company which provides different services (like accounting, auditing, taxation, analysis) to other companies like automobile companies, telecommunication companies and also some financial institutions like banks, insurance companies etc. And I'm doing analysis and accounting for bank customers at the moment. Please let me know if it is allowed to work in this kind of company and also let me know if my earnings are halal.
1625 views
- Q. I am serving in state bank of india having three children whether it is halal or haram?
1968 views
- Q. My question is that "Is service in Banks & Insurance companies is Halal. If it is halal then how and if it is not than how kindly plz help me I want to understand this concept beacuse being commerce graduate in India I am being offered many job in this industries with good salary package.
1435 views
- Q. My question is that I have recently joined a company which is in business of providing credit rating to the companies, and my job profile is to analyze various documents issued by financial institutions like notes,shares,debentures etc and bookmarking some information and maintaining it in excel sheet and sending it to rating team who rate this issue. The information contains the deal amount, orgnisation name, maturity date, Issue date which also contains interest part that how much interest this document bears. So the question is that is it Halal work or Haraam work. I heard a hadith in which it is mentioned that the recorder of interest is also the same as the giver and taker of the interest, but in this case I am not recording interest for the purpose of recovery here the purpose is to rate the issue that too I will not rate I will just forward this detail and Analyst in the rating team will rate. Kindly help me to understand the interest concept and plz answer my question.
1030 views