Assisting someone who seeks help to settle his loan with the bank with interest money
Q: Kindly advise if it is permissable to give money which was earned through interest to another person who seeks help to settle his loan with the bank?
Interest money
Receiving interest on shares of a company one inherited
Q: We, in our family inherited shares in a private company. The company apparently pays interest to shareholders on their loan accounts. But is such interest permissible in accordance with Shariah? Kindly advise.
Using interest money to fix potholes and to pay off interest of a bond
Q: I wanted to find out about the following to questions regarding interest.
1. Is it permissible to hire out people with interest money to repair potholes which the government supposed to do and are not doing so. Would it affect the maslah if the person who gave the interest money to repair the roads is also using the roads and taking benefit from this interest money?
2.Can a person use interest money to pay off the interest of a bond?
Using interest money for victims in Turkey and Syria
Q: Can I use interest money for victims in Turkey and Syria?
Using interest money to pay for bank charges or to help someone in overdraft
Q:
1. Can I use interest earned on a savings pocket linked to my main account to offset bank charges on the main account?
2. Can I give the interest earned on the savings pocket to a family member who is in an overdraft?
Assuming that all the secular banks in the country deal in riba
Q: Can I assume that all the secular banks in the country deal in riba if I live in a kafir country or would I be sinful for assuming evil of people without proof?
Opening an interest-bearing account for charity purposes
Q: Is it permissible to open an interest-bearing bank account with the only intention of donating the accrued interest to a non-Muslim cat feeding organisation?
Taking an interest bearing loan to save oneself from paying tax
Q: A person deals mostly in cash and does not deposit in the bank in order to avoid showing too much income and paying exorbitant amounts of tax to the government. However, he cannot purchase large items such as properties and cars etc as it has to be done with "legal" money.
The only way out for him will be to take a loan from the bank in order for his purchases to be recognized legally. He will offset the interest payable with the interest he receives from his bank account.
Can this be a valid excuse to enter into an interest bearing loan with the bank?
Status of money earned by the kuffaar from riba
Q: What is the status of the kuffaar and the money they earn from riba? Is it halaal for them? Can we accept money for goods sold from this?
Giving interest money to a domestic worker to build a house
Q: Can interest money be given to a domestic worker to be used for building her house with no intention of it being a gift?