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In the Name of God بسم الله
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Showing results for tags 'interest'.
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Assalamu alaykum everyone. I hope you are all in the best of health insha'Allah. I'm in a dilemma. Despite the obvious stress of going to university this September during a global pandemic there's another problem. I come from a low economic background and the idea of me being able to pay tuition (£9000+ annually) is unrealistic let alone having to pay for university equipment i.e a laptop (especially since university is going to be online for half the year if not more). In a normal situation someone would take student loans and a maintenance loan. However, both of these include interest being
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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. T -
Does anyone know of any banks in the USA that don't give interest on deposits in accounts (like checkings and savings)??
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Salams Can I trouble kind members to share rulings of our marjas regarding the interest we receive on savings (cash) from banks? i-e halal, haram, mubah, makrooh e.t.c Are there any conditions under which that interest maybe acceptable? Is there an element of niyyah (intention) involved considering that many of us have to pretty much follow current worldwide financial system in order to compete/survive? Or is it outright haram? e.t.c If possible, I'd also like to know how the rulings are deduced. My layman understanding is that part of the interest we receive on our savings covers the inflatio
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As-salamu alaykum, dear brothers and sisters. I consider this to be a rare privilege for me to stumble across this site and I piously hope that my association with the site would prove to be constructive. Let me pose a very important question to the learned members of this site, which I believe would be beneficial to the mass: What is the stance of Qur'an and the Ahlulbyt (AS) on 'halal' income? Allow me to exemplify. It is my understanding that any financial gain by way of deception, or derived from interests, are strictly haraam. Is there an exhaustive list? AND MORE IMPORTANTLY, is t -
Salaams all, Appreciate any help from anyone who knows about this topic. Please answer very carefully because my future may depend on your answer. I lost my job and in the process of being offered anther but just found out that it involves making reports (analysing data from databases) of bonds. I neither deal with them directly, sell them nor buy them. Just create reports for companies that already have them. Is this allowed ? The countries are all non-muslim as far as I know. The company deals with many non-muslim companies and one bank (Muskat bank) that is from Oman. Many thanks
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Assalamualaikum. I have been applying to several stores and restaurants, because I am looking for work. However, upon reading some fatwas, I have realized that it is haram to work as a cashier and sell pork to non-Muslims. This has easy to work around, Alhamdulillah. I have done so by applying to departments stores. But as a cashier in a department store, I am forced to accept credit cards as a form of payment and I am also required to ask customers to apply for a store credit card. Is this haram? Also, if I work as someone who folds clothes, for example, in the same store, is it still
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Salaamun Alaikum, How does one go about buying a house here in the West? Given that most people do not have the full amount of cash to buy a house outright, how can one go about owning a house without getting a mortgage? I have seen the fatwa's that say you can get a mortgage as long as you have the intention of not paying the interest or something along those lines. But i can't see how you can actually get a mortgage and intend on not paying the interest. When you are taking the mortgage, you already know that you will have to pay the interest and you will obviously be intending to pay i
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Hello all I have a cousin, in chatting he told me that he has had interest from a foreign exchange company regards a work prospect dealing with clients / customer service . When I was happy for him he seemed hesitant. so I probed, and he started going on about a flawed money system , and it potentially being unislamic to work in such places with a general attitude of not wanting anything to do with this sector . And then came the conspiracy type talk which perhaps may hold some truth , but... Well to me sounded far fetched, he said that his wages could be paid from interest, I dont know how tr
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There are many Pakistani guys in my state and especially in the mosque area. They are Sunni the mostly, but they seem like genuine nice guys. I've meet with some of the families before and they are very family oriented and good. But is it true that in the Pakistani culture they make their child memorize the entire Quran through hitting? When my my cousins were young , they attended an Islamic school, and if they got one word from the Quran wrong they had their ears pulled by the instructor who was Pakistani. Is that old school folks who do that? In other words if I marry this Pakistani guy.
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