Q: As per new Saudi rules, they are charging many levy, taxes, even charges of exit/entry and iqama charges. My father have 7 dependents under him which and we are paying government more than 40,000 riyal from our halal earned money. In this case, is it possible to pay them by depositing our money in fixed deposits and give them interest amount and get rid of it?
Q: My car has been involved in an accident with another car. Will it be permissible for me to accept compensation for the damages from his insurance company as it was his fault?
Q: What exactly is the definition of interest or riba? Will the return on investment for a business be considered as interest? Tell me briefly about interest.
Q: Can you use interest money to offset bank charges?
Q: If prize bond is haram, can I purchase a car in a money draw money because some people said prize bond is interest?
Q: Many financial institutions nowadays have rewards programs where you earn points for every swipe that you do with the credit card. Some you need to pay a yearly fee to be part of the club others you don’t pay anything. Just by swiping you earn points. Is it permissible to use these points?
Q: I know that it is haraam to deal with interest, but buying a house today comes with great difficulty and is seen as a need not and not a want. Can one use interest recevied from an investment account to offset the interest paid towards the house?
Q: I live in a country where it is a legal requirement from the government for all cars to be insured. What should I do in this situation?
Q:
1. Is insuring one's business halal or haram?
2. Is working in an insurance business allowed in Islam?
Q: I live in a country where car insurance is mandatory, without which one cannot drive and get anywhere. Out of necessity we got a car insurance.
Recently, my mother got in a car accident (it was not her fault, she was hit from behind) and was injured (she has a concussion and pain in her head). Per the insurance rules, she was to be given treatments (physiotherapy and so on) as well as compensation money due to her injury. The insurance company did not give her the compensation money or pay for her treatment costs completely. She wasn't event told she could receive compensation.
Later, she talked to a lawyer who was introduced by her friend who told her about it. Now she is making a claim against the insurance company to receive proper treatments (with all costs covered) as well as compensation money.
Is this compensation money halal to use?