Bank

A bank is a financial institution that accepts deposits from the public and creates credit. Lending activities can be performed either directly or indirectly through capital markets.

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Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 1 settimana fa

You can use your savings to pay your mortgage before the date of your Khums, then when your date of Khums, you will have no savings to pay Khums from. But if your date of Khums comes and you have any savings,bayou must then pay Khums of that savings. Wassalam.

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Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 2 settimane fa

Every Muslim is responsible to avoid sinful acts as much as he can, but if he was been forced for something which he does not want, he will not be responsible because he was been forced despite all his efforts to avoid it.

Wassalam.

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Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 3 settimane fa

If you use that 10000 in repaying your loan and nothing remains from it, then no Khums on it as you already spent it is repayment of your loan. If you don't intend to use it in repayment if your loan and want to keep it as a saving, then Khums is applicable on it like any other saving.

Wassalam.

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Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 7 mesi fa

Referral Code is understood to be used by the person himself unless the issuers allow otherwise. We are not allowed to use referral code of others with out their permission and the permission of the issuers of the Code.

Wassalam.

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Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 8 mesi fa

Studying any financial knowledge is permissible provided you don't indulge yourself in any unlawful deal like usury (RIBA).

Wassalam.

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Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 1 anno fa

Interest earned from Muslims is not allowed, but if it was given by non Muslims according to their laws, then it is allowed.

Wassalam.

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Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 2 anni fa

It is not allowed to invest in any share of a company which deals with unlawful business like usury, alcohol, gambling, etc. Giving away the profit from such companies does not solve the problem.

Wassalam.

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Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 2 anni fa

No. Muslim woman is not allowed to have a child through any procedure including IVF from a sperm of a man who is not her legitimate husband. 

Wassalam.

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Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 2 anni fa

Yes. It is permissible to get a capital from non Muslim bank or financial institute and use it in lawful way.

Wassalam.

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Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 2 anni fa

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.

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Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 2 anni fa

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.

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If you are sure that you will never help in usury or any unlawful (Haraam) work, then you can work in such legal firm.

'Wassalam.