Q: Is it permissible to pay interest fees with the interest received, from and to the same party.
E.g. A bank rewards its client with an interest % for utilising a savings account. On the other hand, the same bank charges the client an interest fee for using its credit card facility. Can the client pay the latter with the interest received? As it will be returning the same interest to the bank.
Q: Is profit earned by using Islamic banking halaal or haraam?
Q: I took a loan on interest and I know very well that it is haraam in Islam, but now there is no way except this option. I have to get married and construct a house. A promise is coming in a few months time which is deadline to get married. Please tell me what should I do.
Q: Here in Saudi Arabia, there is a bank called Al Rajhi that offers a savings account where you can deposit money without earning any interest. They also conduct lucky draws for account holders, and I want to ask if the prize money from these draws is considered halal or haram.
Q: We have a tyre business which is a Dunlop franchise, they have this tyre insurance for the customers. Any damage to the tyre and they send a replacement after doing their tests. They charge us R10 per tyre for this which I pass onto the customer.
I add it to the cost and then add my markup. I tried getting out of this but it’s compulsory from their side.
How should I handle this… Is it permissible?
Should I add my markup first then the R10. Because my intention is not to make money on the insurance…
Q: Incentives offered by car dealers to bank employees for referring bank auto loan customers is Halal or Haram. They offer a specific amount from their own profit and not caused any loss to bank or its customer.
Q: I have a helper whom I pay on a monthly basis. For 1 month I was not at home so she did not come to work. However I will still pay her wages at the end of the month. Is it permissible to pay these wages with interest money as she has not worked the whole month?
Q: What is the stance of Shariah about Meezan bank in Pakistan? Is it permissible to keep money in it and receive monthly profit?
Q: Is funeral cover permissible in Islam?
Q: A student asked that she has no money and tried getting assistance but no one has offered her any help. Will it be ok for her to borrow money on which interest accrues with the passing of time. She says that's the only option she has currently and doesn't know what to do.