Using interest money to pay for duty costs on imported goods
Q: Is it permissible to use interest money to pay for duty costs imposed on imported goods?
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?
Q: My car has been involved in an accident with another car. Will it be permissible for me to accept compensation for the damages from his insurance company as it was his fault?
Q: What exactly is the definition of interest or riba? Will the return on investment for a business be considered as interest? Tell me briefly about interest.
Q: Can you use interest money to offset bank charges?
Q: If prize bond is haram, can I purchase a car in a money draw money because some people said prize bond is interest?
Q: Many financial institutions nowadays have rewards programs where you earn points for every swipe that you do with the credit card. Some you need to pay a yearly fee to be part of the club others you don’t pay anything. Just by swiping you earn points. Is it permissible to use these points?
Q: I know that it is haraam to deal with interest, but buying a house today comes with great difficulty and is seen as a need not and not a want. Can one use interest recevied from an investment account to offset the interest paid towards the house?
Q: I live in a country where it is a legal requirement from the government for all cars to be insured. What should I do in this situation?