interest

Q: I am planning on buying a new house that costs $250,000. However, I do not have enough money to pay the full amount up front and I do not want to pay interest on the house. The deal I have worked out with the company selling the house is that I will pay $300,000 for the house but I will not pay any interest. Meaning, I will pay $2,000 every month for 150 months for a total of $300,000. This way the company will make some money on the house and I will not pay any interest.

Is this a permissible deal for me to make?

Q: May I use interest money to pay airport taxes?

Q: If a person is in need of a car and he does not have the money to pay for it, can he buy it through bank finance?

Q: In which circumstances is it allowed to apply for bank job?

Q: Someone took gold on credit cards and couldn’t pay the credit card, so the interest is triple times more since 1 year, and the person left the country. Is the person eligible to pay zakat on this gold? As people are saying that its not payable to zakat because person is not paying credit cards bills and interest is more than its amount of credit limits.

Q: Our company has a pension fund that has various portfolios options of which one is a shariah compliant option. The problem is that the fund is loosing so much on my money monthly. Do you continue loosing money or place it in a safe interest bearing portfolio?

Q: I am looking for a job. I have seen many vacancies in banking sector but as its prohibited in Islam I never looked to work into banking. Its been a long time I have been looking to find a job. I have got an opportunity to work with one of the MNC, but they provide service to insurance company and my profile will be customer service executive. Its a BPO service provider. So should I join this company or not. Please help me in this case.

Q: Sending this on behalf of someone: If I buy a property and the bank finances it and I pay a set amount plus interest every month to the bank, is it halaal or haraam?

Q: Is it permissible to take out riba in order to avoid becoming homeless? I am a revert muslimah that quit college to avoid taking out more riba but I have yet to find a job and will soon be homeless since there is no family or friends I can stay with. My student loans were large enough to support me the entire semester with a part time job but since im not in school I have no job (it was a student job) and no more money. The Qur'an is very clear on riba but what else do I do? I already asked for money from my local musjid.