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1 vote
0 answers
16 views

Things Which Are Sold in Numbers Not Ribawiyat

I heard that things which are sold in numbers like for example egg or watermelon which are usually sold based on quantity of numbers rather than weight or volume cannot be ribawiyat meaning If I ...
Mohammad Alam's user avatar
0 votes
1 answer
59 views

Am I exempted if I take this student loan involving riba? [closed]

I've been working really hard in high school to get accepted to a good major in university. I'm going to start studying this summer. I need an apartment and food to live and I have no income what's so ...
Cebu's user avatar
  • 1
1 vote
1 answer
91 views

Indexed Linked Investment Certificates - haram or not?

I am aware that Riba (usury) and investing in specific markets (Alcohol, Porn, etc.) is haram. However I was wondering if investing in index-linked certificates are deemed to be halal..? These ...
dqnet's user avatar
  • 206
5 votes
1 answer
129 views

What is the Islamic point of view about taking balance as loan in cell phones? Does that count in interest?

When we take loans, a particular network provides us loans but then they deduct more credit after we recharge. What is the Islamic point of view about taking balance as loan in cell phones? Does that ...
salma khalil's user avatar
1 vote
0 answers
112 views

Buying Prepaid Card

Anyone knows the ruling of prepaid card such as google play and steam wallet? say in Amazon US it costs 20 dollar to buy 20 Dollar gift card, but in my country it will cost IDR 22k for 20k, it looks ...
temm's user avatar
  • 31
5 votes
1 answer
2k views

Are late payment charges considered as Riba?

Are late payment charges that may arise from being late in paying for bills considered as Riba. For example one misses a payment for their electricity bill, as a result the supplier demands that the ...
Aboudi's user avatar
  • 2,257
1 vote
0 answers
110 views

Question regarding working for a company where there is a element of interest [duplicate]

I am a Software Developer by profession and I have been avoiding Banking and Insurance sector jobs because of Riba. Also ignoring those companies who are developing softwares specifically for Banking ...
Steve Dyson's user avatar
1 vote
1 answer
2k views

Is it permissible to take commission for converting other people's black money to white?

I need to know if it's halal/haram to convert someone's money from bank. If someone has black money, by which I mean he has not paid tax to the government, can we convert it to white money (i.e. money ...
Shaan's user avatar
  • 11
2 votes
3 answers
2k views

Are you allowed to use saved interest money to pay interest?

Are you allowed to use interest money that you gained from saving accounts towards paying the interest fees for a mortgage? The mortgage consists of money I have borrowed to buy a house AND interest ...
peasaregreen's user avatar
2 votes
0 answers
97 views

Can I make use of land that was purchased with an interest-based bank loan?

I have already bought a land. But to buy the land, I took some loan (portion of total money needed to buy) from a interest-based bank. Monthly basis I am still paying to the bank to return the money ...
Md. Ahsanul Hasan's user avatar
8 votes
1 answer
9k views

What to do with the Riba (interest) money? [duplicate]

I have some interest money in my account and I recently came to know it is haram. I want to get rid of it. Please tell me the ways to spend it. Can I spend it as wedding or birthday gift to my ...
maria's user avatar
  • 81
1 vote
1 answer
140 views

whats about insurrance schemes according to islam? is it consider as interest or not?

MCB (Muslim Commercial Bank) Pakistan has started a scheme in which when one will go on hajj via there scheme he/she will be eligible for 4 months of free health (hadsaati) insurance, my question is "...
pakistanimoon's user avatar
2 votes
2 answers
581 views

What exactly is Riba?

I know it means interest. I'm a 16 year old girl revert and I don't quite understand the laws of riba. For example, are phone contracts haram? Are scholarships haram? Is insurance haram? How can I ...
user6813's user avatar
2 votes
2 answers
690 views

May one enjoy giving away money earned from interest?

Islam has a concept of not benefiting from interest. Many times I have seen on this site that if someone keeps his money in a bank, he may donate the interest money to charity in order to get rid of ...
Daniel's user avatar
  • 1,800
11 votes
3 answers
6k views

Why is Murabaha not considered Riba?

To take the definition of Murabaha from Wikipedia: This concept refers to the sale of goods at a price, which includes a profit margin agreed to by both parties. The purchase and selling price, ...
Muz's user avatar
  • 3,284

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