Q:
1. I have a very old debt of almost 15 years back that some of the places I have the debt with has written it off and some is still charging me interest. Am I liable to pay this interests?
2. And on the other hand a friend bought things on my account also 15 years ago and the place is still holding me accountable, however the person that bought the goods have passed away. Am I liable for this account?
Q: Can we use interest money to build toilets in our home or can we donate it (the interest money) to the musjid for building toilets?
Q: It has come to my attention that my father pays home and car insurance. Is it permissible to make use of a car that insurance is been paid on? e.g. to use the car to go for Salaah, to do necessary shopping etc. Is it permissible to live in a house that insurance is been paid for?
Q: My father started a business, but after some time, one of his staff engaged in fraud, causing the business to become bankrupt. Now, because my father owes money to many customers, he took a loan from the bank to pay them back. However, this loan is accumulating interest which my father will have to pay to the bank. Can I use the interest money that accrues on my account which is separate to my father’s account, to pay the interest amount that my father owes to the bank?
Q: I am investing 10 lakh in my own company and apart from the salary, I am taking interest of 1 % month to month. I am day to day involved in the company's success. Is it jaiz?
Q:
1. Is it permissible to take money from an NGO or Charitable trust for medical treatment (Person who needs the money isn't capable enough to manage the expenditure)
2. Can we use interest money (Savings Bank account) for medical treatment of poor people.
3. Is it permissible to use money from interest received from a non Islamic bank for the purpose of construction of his/her own toilet.
Q: What is the fatwa in detail regarding health insurance?
Q: Can we give the interest money to the poor or needy?
Q: Can we pay the 'chartered accountant' his fee hired for calculating the income tax and filing its return from the 'interest money'?
Q:
1. Is it permissible to use interest earned on a bank account to donate to charity?
2. If so, can you then invest the interest earned into a separate bank account so as to let it accumulate so an even bigger amount can be donated in charity?
3. If not, what are some of the many ways in which one can dispose of interest received?