Disposing of interest money
Q: If a person gets interest money from a bank or a pension account then to whom should the interest money be given? Is it allowed to give the interest money to one's son or daughter or a relative?
Q: If a person gets interest money from a bank or a pension account then to whom should the interest money be given? Is it allowed to give the interest money to one's son or daughter or a relative?
Q: What is the shariah ruling on gambling in light to verse number 219 of surah e baqrah?
Q: I have read the article regarding insurance and medical aid. What alternatives are available that would be halal?
Q: What is the shari ruling on gambling. Is it actually mentioned in Surah Baqarah that it has some benefit for men?
Q: Is it permissible to take out life policies with the only intention that the payouts will be used to pay estate taxes?
Q: I recently heard about Takaaful insurance and was interested in taking out a scheme to cover my home, business, cars, etc. Takaaful claims to be fully Shari’ah compliant, but when I went to the Takaaful website and saw the different schemes that they offer, I couldn’t see any difference with normal insurance. Also, when I dialed the number on their website, I reached a conventional insurance company who told me that Takaaful is part of them and operates under their license. Can you please explain to me whether Takaaful is permissible or not. Jazakallah.
Q: I have a credit card.
1. I have received 245 as a bonus or gift or cash back from the bank. Is it halaal?
2. I need a loan from the bank but I don't want to pay interest from my money. Can I use the 245 which I received as a gift or cash back from my credit card to pay the interest?
Q: Is it permissible to use interest money to pay for duty costs imposed on imported goods?
Q: I often import goods from other countries. In some cases, the government charges me exorbitant amounts as import duties. Can I pay these import duties with interest money?
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?