Q: A person has two saving accounts with different banks. One account accumulates interest, the other does not. Is it necessary to discharge this interest from this very account, or can it be given through other means (payment from the second account or cash)?
Q: We purchased a property in a syndicate and the money held by the lawyers as a guarantee was invested in a money market account and accrued interest.
Can this money be used to offset the lawyers fee or does it have to be given out with no intention.
Q: Can interest money be used to pay TV license?
I have a TV that we do not use anymore, however since it is a process to sell a TV screen, I still have to pay the license. Is it permissible to pay using interest.
Can interest be given in charity? Obviously not as Lilla or sadaqa.
Q: Using the FNB global account/card, is it permissible to use the airport lounge benefit? No charge per month. No minimum balance required.
Q: What is the Shariah status of the Islamic Savings Account that one can open at FNB? One does not receive any interest but a portion of the profit is periodically credited by the bank to such an account?
The Bank claims that a board of top Ulama have investigated the account and have granted approval.
Q: I am using FNB Islamic Banking and got a savings account where I got some money in that account.At the end of every month FNB gives some amount as your Islamic Profit Share of the amount that you got in savings account. Is it halal to use that money?
Q: Kindly advise if it is permissable to give money which was earned through interest to another person who seeks help to settle his loan with the bank?
Q: We, in our family inherited shares in a private company. The company apparently pays interest to shareholders on their loan accounts. But is such interest permissible in accordance with Shariah? Kindly advise.
Q: If someone knocks your car and the it will cost you R15 000 to repair but you claim R30 000 from that person's insurance company but because of time you repaired it on your own and then the insurance company ends up paying you R25 000. Can you take the money?
Q: Can we save money in post office?