Questions tagged [riba]
Riba means Interest. Riba is Haram (forbidden) in Islam, and it is considered a major sin.
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Need loan to expland business operation
I am running a business and I would like to take loan from a bank to buy larger property for business expansion.
The property reamins with bank as collateral until debt is paid off.
Bank asks for 10%...
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Can I exchange notes to coins but for a lower amount?
There are situations when we are need of coins. At times,some touts like to take advantage of the situation and take a fee to the exchange from us.
For example: For a bill of $10, they return only $9....
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Take interest and give away stuff instead [closed]
If I have 300 USD of interest in cash and a jewellery of 300 USD from halaal money, if I need cash right now, can I give the jewellery to charity instead and take the interest money?
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Buying a house with interest?
I thought about it and if I want to buy a house in Germany, there is nearly no way that you buy it without interest. The exception is when you are wealthy. I know that bank interest is haram and I ...
user34340
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Is it riba if I bought something from a vending machine but it didn't accept my payment?
At the vending machine in our school, i got a hot chocolate. I wanted to pay, but the machine didn't let me. And you also have to pay with credit card. What am I supposed to do?
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Why is there no worldly punishment prescribed for dealing with interest?
It seems that interest ( riba) was said to be worse than adultery. I am wondering if that's the case, why is there no worldly punishment prescribed for ones who engage in interest but yet adulterers ...
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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 ...
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How to buy a home in halal way
Assalamu Alaikum,
I knew in India all the bank giving a loan based on interest, Now a days buying a home without loan is difficult for upper class family itself. then how a middle class man buy a ...
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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 ...
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Loans based on deposit?
Is it permissible to give an interestless loan in which the loaning party holds a sentimental item of the one taking the loan until the loan is paid?
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Is extra money out of love or fine over a loan regarded as Riba?
I am trying to find the answer for the below two scenarios.
Let's assume someone has given a loan of $10000 for a period of 2 months.
Scenario 1:
The lender and borrower decide that for every extra ...
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Is being a Finance Controller/ CFO haram?
In both of these jobs, the person has to decide how to finance his business operation which sometimes is by taking loan from financial institutions like banks. Also, In multinational companies, the ...
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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 ...
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What should i do with riba money if it is already mixed with non riba money?
Assalamualaikum, I would like to ask what i should do with riba money that have been mixed with non riba money.
Let's say for example we do some business and sometimes the transactions we do ...
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Does one have a profit in an Islamic banking system?
Usually when you open an account in a bank they try to attract you with interest.
My question is how so called Islamic banks can -likewise- offer their customers, especially as riba (and interest is ...
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