- Transactions & Dealings >> Interest & Insurance
- Total Questions : 349
- Q. I have KARZ of some amount on a person from more then 5 yeears. and i have been telling him time time to pay my money.and now he want to pay me. i know that the money he he want to pay me, he took from tha bank by enterest (riba), and now ginving me, so pls tell me that it is JAEZ for me to take my KARZ from him, which i know his money is haram.
1570 views
- Q. What is Islamic point of views about service in commercial Banks?
1084 views
- Q. I am just a weak beliver in allah i like studying about diffirent issues of religion,one of the less unclear subject for me is the issue of RIBA. is RIBA same as interest? there are lot of muslim people living in mortgaged house including HAFIZ. is is this allowed in the UK? some people say that imam abu hanifa RA allowed interest in kafir country also some people refer to hadith of umar R.ANHU that the beloved prophet SAW did not clear the issue before he left this world.and the hadith that support the forbidding of interset are they authentic or not. one day i went to a guys house to do milad nabi and he was asking the imam to make dua that we become namazi ( to make namaz)but i was thinking why this man want us to be namazi while he is paying mortgage is in it that allah declared war if people dont give up riba? why this understands the importance of namz but ignorant of RIBA. please response to this as this will clear some doubts about the relgion.
2995 views
- Q. I am working in a central university, doing accounting job by maintaining the record of provident fund of all employees where calculation of interest is done, whether this assignment is ok under shariah. If no what should be done to rescue.
1105 views
- Q. Please help us to find the right way in our life. I am a software engineer working for a software company. The focus of our software company is banking field and most of the clients are banks. The problem I am facing now is that the project that I am working is for banking software and the bank that I am working is not Islamic bank. The software that I develop or involved is used by the Bank to open account on-line through internet,applying on-line application for credit card, to view the Interest rates on internet for checking account, saving account and fixed deposits, etc.. I ask you to guide me whether doing work for a bank is haram (unlawful) even though I am not directly working for the bank and salary is given by my company, not the Bank.
1479 views
- Q. What is Islamic point of view about service in Commercial Banks?
1057 views
- Q. Since the income tax system in india has give relaxation for income invested in mutual fund or others, could you please help me with the investor where i can invest my money to save Income tax.
1699 views
- Q. What is the difference between Islamic Car Financing and simple car Financing. I have a bank account in an Non Islaic Bank. Account Type is PLS-Saving, this is allow in islamic way or not?
1482 views
- Q. I want to know know about IT job n bank which involves dafinately pure computer work. I am a database administrator and i have a job offer n bank. in IT, database administrator is just like saving the information/data of all the transaction of the bank ans keep this data/information secure. Is this job permissible?
1486 views
- Q. Is it permissible to take home loan from any commercial bank? is it permissible to have educational insurance &health insurance done?
1509 views
- Q. I work in a private non-Islamic bank, my job is in the Credit department where we give loans to companies in order to help them in buying new machines & financing their production cycle. All loans are given after thorough studing & analysis to companies' risks & operations, the bank ofcourse receives interest on said loans which is pre-agreed upon in the contracts. My job also involves approaching new companies as to market our loan packages. Is my salary/job permissable or not?
1171 views
- Q. For our business or Residential Documentation or license or Ration Card or Pan Card Purpose, we have to bribe govt. officer. Without bribe it is impossible to complete the govt. formalities. I have a account and have some interest money, Shall I use that interest money to bribe the govt. officer.
1232 views
- Q. I am staying at my fatherÂ’s house we are four brothers at this point of time i am the only married son my brothers will be getting married soon so to avoid the family clashes i am planning to buy a new house but to purchase the flat i have to take loan from the bank so in this case taking a loan from bank will be halal or haram.
1798 views
- Q. I have been offered a job in telemarketing where i have to deal with customers in reletion to open their account in ICICI PRUDENTIAL MUTUAL FUND. Plese guide me about this job.
1130 views
- Q. My question is regarding Ribba. I ama government employee. We have to contribute a specific percentage of salary to Provident fund. But most of the employees deposit more than that with the inntentionof saving more. Government gives a fixed rate of interest on this fund for one year. However the rate of interest is fluctuating from year to year depending on the economy of the country. Government is using this money in runing the national affairs of the country and is calculated in the revenue receips in the yearly budget session. I request you to kindly clarify me whether this interest is Lawful according the Islamic Shariah. If not , what should muslim employees do with this interest. What advice would you like (in the light of Quran-o-Sunnah)to this community. Most of the empooyees can not be businessmen, There is no islamic banking system in the country, How could they save their earning from devaluing with the passage of time i.e. If I have one lakh rupees and I deposit it in the bank and do not accept interest after ten years my money will have the valye of onely ten thousand rupees of present time. I hope you may very kindly guide me and my colleagues in the light of Qurano and Sunnah.
1467 views
- Q. I am businessman, my business consist of rental incomes,exports,imports and local trading.And as per the indian state and central law various taxation if I go to pay the taxes then it will be very difficult to maintain my livelyhood,and as business is concerned I have fine tune with financial institution.If I am taking the loan than I get the benefits in taxation with the propotion of intrest and depriciation ratio.So can I proceed with loan,If yes, can I use the money of loan transfered in my account for my business purpose. 2. If I am taking loan with the best intrest rate and utilise the funds in earning and can make the profits in multiple after paying the installment the balance earned ammount and 30% of that If I distribute in the needy people can it be possible.Which category of people are suitable for this ammount. 3. Can I take my share in the profit earned as my skills and securities utilised for earning and at what extent can I take 70%. 4. What to do with the capital amount of loan sanctioned by bank after the loan is completed who can claim the needy people or me.
1162 views
- Q. I have a friend of mine who is financially sound&whenever some of my friend including me is in need for money we ask him & he is like bhai if i pay u 10000 rupees for ur business u have to pay me say 12000 in two weeks no matter you profit in that work or you lost but he takes that 12000 is it right for us to pay him that additional amount or for him to take it if we suffer a loss.
1268 views
- Q. I have withdrawal 6000 rs from bank which i received as interest. then again after two days i have withdrawn 10000 rs from my salary. these two bundles of money got mixed . i dont want to use interest money but dont know how to segregate this from mixed bundle.
1347 views
- Q. I am working in travel agency as accountant and agency owners are muslims and they are holding overdaraft account in bank and bank charge interest on overdaraft. and as a accountant i have to maintain bank account and have to do bank reconceliation and have to pass interest entries in computer. doing so is halal or haram.
1134 views
- Q. Is bank loan permisible in India for business purpose? if yes what are the criteria and if no why?
1541 views