Interest

Insurance business is allowed according to our leading Islamic scholars (Maraaji’ of Taqleed) but interest is not permissible at all. You must keep yourself away from any interest.

‘Wassalam.

CFD dealings are permissible like other tradings as far as there is no interest or unlawful act is involved.

'Wassalam.

This is a jurisprudence issue which is dealt with by leading jurisprudence scholars with detailed evidence from Quran and Hadeeth. Simple person who is not an expert can not understand such special jurisprudence matter. He should be advised to refer to the most learned scholars. You can brief him that we are allowed to deal with non Muslims in the same way that they deal with others and take it as justified.

Wassalam.

The real understanding of the meanings of the Quranic verses needs studying all other verses and authentic Hadeeths on the subject. This needs years of research which is not a job of unprofessional person but an expert who should be an Aalim with long history in research and ability to deeply understand and derive the Islamic rule from the evidence.

'Interest (RIBA ربا) is forbidden between Muslims. Taking interest from non Muslim is allowed as it is part of their usual transactions. Authentic Hadeeths stated that we are allowed to take from non Muslim what they usually give. We are not allowed to do injustice on anyone including non Muslims, but what they give willingly to everyone is allowed to us as well.

Wassalam.

Investing in companies dealing with interest (Usury) as a source of their income e,g, banks and lending companies etc is not allowed in Islam. Money earned from such companies is unlawful as well.

Wassalam.

It is allowed for Muslim students to take such amount from non Muslim government or institutions.

'Wassalam.

It is allowed to take what is known as Student Loan from Non Muslim authoraties even if you know that they will charge interest. You can pay it as you pay taxes to the authorities. It is not obligatory to take such loan but it is allowed.

Wassalam.

Muslim is not allowed to work in usury (RIBA) dealing. If the job is away from usury then it will be allowed, but if it is related to usury in any way like taking, giving, accounting etc then it will be not allowed.

Wassalam.

Working in any job in the bank which is connected with usury is not permissible. If the job is away from usury then it is permissible.

Wassalam.

Learning programming is allowed in any company or school or college, but indulging with interest (RIBA or usury) is not allowed for Muslims.

Wassalam.

There is no point in leaving it in the account because it will utilised by the non Muslim bank with no benefit to you or to any poor person. Utlizing interest from non Muslim is allowed according to verdicts of leading scholars ( Maraaje' of Taqleed). You can utilize the money or give it to the poor and you don't need to tell them that it is from bank interest money.

Wassalam.

It is not allowed to take loan with interest from Muslim or any bank or financial institution owned by Muslims.

It is allowed to take from non Muslim any amount in a lawful way to be used in a lawful way even if you know that non Muslim will charge you interest which you pay it as you pay taxes or service charges to the non Muslim as part of their financial practice.

Wassalam.