Questions tagged [riba]
Riba means Interest. Riba is Haram (forbidden) in Islam, and it is considered a major sin.
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Justification of Interest and EMI
This question is regarding a justification given to me about EMI.
Suppose I want to buy something which is say worth 100,000$ but I can't afford that much at a time. So the company gives me another ...
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The strictest school/denomination/section against usury ("interest")?
What is the strictest school/denomination/section, in Islam, against usury ("interest")?
I mean to a school/denomination/section that not only forbids usury, but also forbids any "mechanism" to pass ...
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Is payment processing fee (paid by customer) interest if that fee become a gain for me instead of cost?
I take occasional payment from my customers using bKash (a mobile financial service provider in Bangladesh). I'm using their personal account option, which is mainly for personal transaction. I load ...
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Is it halal to take a student finance loan for education?
Muslim students tend to take a student finance loan in order to go through university without financial strain, but I've recently discovered there is interest involved.
According to my friend, some ...
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Is a UK university student loan riba, and if so, is it "necessary" if I have no other means to pay for education or to provide for my family?
I’ve heard student loans deemed as Ribaa. However, for a UK university student loan, the conditions are documented:
How much you repay
You pay back 9% of your income over the minimum amount of:
£17,...
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Does buying a phone in installments involve riba, given that the total cost is more?
I am planning to purchase a phone for £25 upfront payment and £25.52 and over 24 months it is £637.48 for the iPhone 7, however, the Buy It Now price is £539, I am aware this includes interest but is ...
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Investing in halal company that is partnered with company planning to add leverage trading (involves interest) in the future
Salam all, I have invested in a cryptocurrency ICO (like an IPO for cryptocurrencies/crowdsale) after researching into it to find any sort of haram connections or actions taking place by the company. ...
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Giving land to developers who work there by money from interest based loan
We know that after giving our land to them to work with the developers are going to take loan from conventional bank (involving RIBA) to work on my piece of land. So my question is, is it halal to ...
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Is it halal to pay riba with riba? [duplicate]
Instead of sending unwanted income from riba towards charity, would it be halal to use the earned riba to pay the interest-only portion of a loan such as a mortgage or student loan.
For example, if ...
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Is it permissible to pay off my relative's loan with interest using zakat money?
I am planning to paying off my relative's loan with interest in bank with zakat money.
Question: Is it permissible to pay off loan with interest using zakat money?
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What does "doubled and multiplied" means in the context of usury in Qur'an 3:130?
O you who have believed, do not consume usury, doubled and multiplied, but fear Allah that you may be successful. -- Qur'an 3:130
Question: What does "doubled and multiplied" means in the ...
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Is buying a car on installments from a commercial Islamic bank haram?
I want to buy a car from Suzuki through a so-called Islamic bank on installments.
However, the car price is 11 lakh but I have to pay approx 14 lakh in 5 year installments.
Is this interest or ...
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Paying off the interest of a student loan with interest earned from investments [duplicate]
Assalaamu alaikum. I have student loans that are accruing a lot of interest. I have an investment account given to me by my employer, but I have not made any personal contributions to it because ...
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Is fiat currency devaluation via inflation a form of interest, making fiat currency based money haram?
Since almost all currencies used today are fiat currencies with no real intrinsic value, and since most fiat currency devalue, is it really interest when any money bearing this interest is itself ...
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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 ...
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