Search the Community

Okay, so here we go evryone on here finna hate me after this bcuz ik what the sc community is like but im gnna say this anyway IN the west, we have interest. In all (almost) every. single. transaction. now, many people FAIL to understand. that in the west living without interest is PRACTICALLY IMPOSSIBLE UNLESS you wish to live as a FAQIR or sumthin and idk about u but i sure as Hell DONT if something is necessary for us to function in society then whats the issue. Like be fr. I AM AWARE that riba is usury and haram and terrible I KNOW! HOWEVER, living in the west IT IS NECESSARY AND UNAVOIDABLE and as we know in islam if something exists which we legit cannot function without due to the fact that the entire society and nation is built upon it in an unavoidable fashion. such thing is permissible, this is obvious cuz allah doesnt want us going to live as malangs (ascetics) in the streets or countryside LOL. I just simply cant fathom how some people will still say "loans are haram" or "mortgage is haram" or "working in banking deals "or"credit card with interest are haram"etc like mate use ur brain??? Just cuz YOU are for some reason okay with living so "humbly" as to not engage in ANY such thing an not move out ur moms basement or live in a 1 bed rent or a homless shelter doesnt mean everyone else has to bruv. OR just cuz u LIVE in a muslim nation DOESNT MEAN we all do live in nations without interest in every part of life. cuz buddy we LIVE IN A SOCIETY WHERE IT IS BRUV BEFORE someone says "oh u can take loans or pay interest on banking deals at work or pay interest on credit cards IF YOU DO IT with the INTENTION of not paying it back and as a transaction without return even if u do pay it back" this is frankly NONSENSE im sorry! BE HONEST BE FOR REAL MATE purposely changing ur NIYYAH to pretend ur not gonna pay it back then the banks like pay it back and ur like "oh wow i had totally not intended to but now im being forced oh no aaaaa guess i gotta pay the interest" meanwhile u knew DAMN WELL that u were gonna pay it back makes ZERO ZERO SENSE!! THINK ABOUT IT this is the equivalent of me picking up alcohol and pretendining i dont know its alcoholic drink it and say oh I DIDNT KNOW liike be fr it doesnt make any sense its simple in the west, WE HAVE TO PAY AND RECIEVE interest!!! YOU KNOW IT AND SO DO I! so stop avoiding the blatant truth buddy. i personally for any living in the west living BELIEVE TAKING A LOAN ISNT HARAM YOU NEED THEM (UNLESS ITS FOR SOMETHING DUMB LIKE IDK A LOAN FOR A SHIRT OR SMTH LOL ) CREDIT CARDS WITH INTERST ARENT HARAM because; 1) ur paying the money to the bank not one single person its an entitiy who you dont know personally at all an unknown owner malik al majhul i think is what its called 2) working in banking with interst isnt haram IN THE WEST not everywhere of course. its just a job ur gonna deal in the interest no matter what and its a way of earning money BIGGEST POINT HERE READ THE WHOLE THING DONT RAGE it is completley NORMAL and fully ACCEPTED almost compulsory to deal with interst in the WEST therefore due to its complete necessitty its not HARAM obviously living in a muslim nation for example is a diff story. so imma become a banker without ppl telling me im a kaffir for it and imma take a loan OR GET AN AMEX card to BUILD A GOOD CREDIT SCORE AND PAY FOR THINGS I CANT INSTANTLY AFFORD and build a credit score for a rainy day or to buy a nice house or car one day. If i need to take a loan for car house education investment or invest in bonds options forex etfs futures stocks crypto etc i see no problem in this. FURTHERMORE MANY MANY SCHOLARS AGREE THAT THE INTEREST WE HAVE TODAY IN THE WEST IS NOT THE RIBA / USURY THAT IS REFEREED TO IN THE QURAN / HADITH!!!! HOWEVER, if I ever move to a muslim nation insha'allah then yes its a different story WARNING: IM TALKING ABOUT IN REGARDS TO GIVING AND RECIEVING INTERST IN NON MUSLIM NATIONS WHERE IT IS NORMAL AND NOT SEEN AS USURY IM NOT SAYING ITS UNIVERSALLY OKAY I WOULD NEVER SAY SUCH THINGS! AND IM TALKING ABOUT DEALING WITH A NON MUSLIM BANK. SO LIL DISCLAIMER

Salam everyone I know this has been discussed before, and I skimmed several threads, but with the varying opinions and digressions, I just wanted to get a coherent view-point again. So here goes: Is it ok to put money in a savings account? Is it ok to buy a house through mortgage? I realize that the general idea to make those acceptable is to ensure that the intention is not to take a loan, but are there any caveats to that ruling (maybe something like not having a variable rate of interest etc.?). Thanks everyone

Salam alaikum I have a question. I am currently working for td bank in Canada as a financial advisor. I am salary based right now but I do help finance mortgages currently as part of my job. I have been presented with the opportunity to work as a Mobile mortgage specialist for TD. This is a 100% commission based position and I would get paid per mortgage that I help finance. I am wondering if it is permissible to work as a mortgage specialist? I found the following on Ayatullah Sistani website but I couldn't get a clear answer from it: There are two kinds of bank business: 1. The first is haraam. This may cover the type that relates to transactions leading to usury, such as acting as an agent in handling, registering, acting as witness, receiving excess money [interest] on behalf of the owner and the like. Of the same nature are transactions pertaining to companies involved in usury or the merchandise of alcoholic drink, be it sale of their shares, the opening of letter of credit or similar work. All this sort of work is haraam. It is not permissible to be involved in it and those working in it are not entitled to wages in return for the work they do. 2. The second kind is that which does not involve interest. It is permissible to take part in it and receive wages thereof. (29) If, in the usury transaction, the party paying the interest is an unbeliever, be it a foreign bank or other, it is, as explained earlier on, permissible for a Muslim to take. Accordingly, it is permissible to deal in such work, which is linked to carrying out such usury transactions within the banks and outside them. (30) In some cases, some of the money, deposited with either state owned or national bank in Muslim countries is considered among money of majhoulil malik, needs consultation with the Marji’ to having the right of disposal over it. There is, therefore, ishkal in working for the bank and getting involved in either receiving from or delivering such money to bank customers, from those who might have the right of disposal over it without a license from the Marji’ to make it good. (31) The validity of ji’aala, ijarah, and money order and similar dealings with state banks in Muslim countries is dependant on the license of the Marji’. It is not in order without his permission. If anyone knows the answer to this please let me know Thank you

Salam I am a fresh business grad and I have graduated from a top university in Pakistan. Despite having a solid academic record, having given several interviews I am unable to land a job. My major is finance so the number 1 option for a finance major is to join a bank. I understand that working in a bank is Haram and for that reason I had only applied to corporations. I can easily get into a bank but have avoided it for the past couple of months due to Islamic reasons. Now I am in a mess. I have been in a relationship with a fellow classmate who also happens to be a shia. I have been in love with her for several years and I have always wanted to marry her. The girl's father is very strict and it is impossible for her to tell her dad about me. The only thing I can do is send a proposal. Recently, a good marriage proposal came and her dad is considering saying yes. I have very little time left now. I cant send a proposal without having a job. I am facing a dilema here, should I just get a job in a bank even though its haram? I dont have any option, there is very little time left and I dont know what to do. I dont want to displease God by taking up a Haram job but at the same time I am desperate here. I have been praying really hard for the past couple of months. Have been reciting Surah Waqya everyday after Isha prayers. I have complete faith in God that I will InshaAllah end up having a good job. But I am really confused as to what to do in such desperate circumstances. Please help me. Does Islam allow any flexibilty in such circumstances? Islamic evidence from Ayatullahs or sayings of our Imam are welcome. Please advice.