Q: I did an insurance policy in 2014 for 10 yrs, every year I need to pay a premium of 35k. Last year I got to know that it is haram and I wanted to get myself out of that. But If I opt out now, I will loose 80% of my money. Will I be getting sin for continuing that policy. Should I just stop paying the premium. What should be my approach in this matter.
Q: Can we utilize saving bank accounts interest money to release non-habitual prisoners, advocate fees and legal aid staffs salary who work on this project either Muslim or Non-Muslim?
Q: The duty-free section of certain airports sells tickets. I want to buy a ticket with the intention that if I win, I will give the money to needy people. Is this permissible?
Q: Is it permissible to redeem Nedbank Greenbacks for cash? Greenbacks Rewards is easy to understand and easy to use. You earn Greenbacks every time you swipe your linked Greenbacks card on eligible spend.
The Greenbacks Rewards Programme has a monthly linkage fee of R17, which is charged in arrears. Choose how you spend your rewards, your rewards are automatically loaded onto your "Free Shop Card" which you can use at over 100 000 stores, withdraw as cash from any ATM and even use it overseas. The Choice is yours.
Q: Is it permissible to apply for an old age state pension? What is the Shari’ah ruling in this regard?
Q: I have a saving account and the bank is giving interest on my account every quarterly. Is the interest haram in shariyah? Accordingly to shariyah, what should I do with that money? Can I donate it to poor people or give it to poor and needy needy relatives?
Q: I have both a current account as well as a savings account at a bank. The savings account is interest-bearing.
In disposing of the interest earned on the savings account, can the interest amount be paid out of the current account or can it only be paid out of the savings account as the interest was earned on this account?
Q: How to get rid of haraam money? Should I give this money to poor or needy relatives?
Q: We live in a dangerous area in Cape Town, lots of gangsterism, drugs, violence and we often have home break in. We earn below average income and can't afford to replace goods when stolen during break in. Is it permissible to have home insurance in this case?
Q: My older brother is the head of the household and he makes most of the financial decisions for me. A while ago he made me apply for a loan that I would have to pay interest on. Now that I know that paying interest is haram, I've tried hard to convince him to cancel the loan and even told him about valid Islamic sources to show that it is a grave sin. He simply said that we're in a tough situation and I need the loan to go to college so exceptions have to be made. And he went on to add, "These online muftis don't know the difficulties our family goes through to put bread on the table." I'm in a situation where I have no control in returning the loan before interest starts accruing on it since he has control over the bank account. I fear that my family will lash out at me and maybe even cut family ties from me for putting them through difficulties for my own beliefs since they don't follow Islam as closely as I do. I'm very scared of the consequences I will have to face for letting him force me into taking a loan in which I will pay riba on. Please let me know of any way to deal with this sin that I see no way of avoiding. I would even pay 10 times the amount in sadaqa as I took in the loan (later on in my life) if I have to.