interest | Darulifta Birmingham

The Difference Between Interest and Investments

June 20 Trade, Business & All Things Money [406]

Fatwa ID: 03871 Answered by: Alimah Sabrina al-Faarsiyyah Question Assalāmu `alaikum Warahmatullāhi Wabarakatuh. Hazrat, can you please explain to me how the Shariah differentiates between investing in a bu...

What Happens to the one who Consumes Riba (Interest)?

May 22 Trade, Business & All Things Money [406]

Fatwa ID: 03780 Answered by: Shaykh Umer Khan Question Asalam Alikum, What happens to the one who buys stuff with interest (riba)? بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم In the name of Allah, the Most Gracious,...

Does Dividend Stock Pay Interest?

May 13 Trade, Business & All Things Money [406]

Fatwa ID: 03687 Answered by: Imam Abdul-Malik Sheikh Question Dividends stocks pay the shareholder a certain amount of money every couple of months (if the shareholder holds the stock and doesn't sell it). For...

Islamic Banking

May 9 Trade, Business & All Things Money [406]

Fatwa ID: 03661 Answered by: Alimah Sabrina al-Faarsiyyah Question In Islamic Banking, it is believed that the "time value of money" is prohibited in loan transactions only, but in case of trading on cre...

Halal Investments into Shares

May 2 Trade, Business & All Things Money [406]

Fatwa ID: 03637 Answered by: Maulana Tahsin Alam Question I am contacting you with a question regarding halal investment. A few years ago, I purchased stock/shares in my previous employer (a publicly-traded e...

Working in Companies that deal with Interest

April 22 Trade, Business & All Things Money [406]

Fatwa ID: 03603 Answered by: Imam Abdul-Malik Sheikh Question My question is, is it okay to work in a car dealership seeing as most people buy on interest these days, and you might be involved in helping them buy?...

Is Life Insurance Allowed?

April 10 Trade, Business & All Things Money [406]

Fatwa ID: 03515 Answered by: Maulana Belaal Ahmed Question Assalamu alaikum My question is about life insurance. For a twenty years term, if a monthly amount is paid to a company (say, $100 each month) and said th...

Asking for a Loan and Offering an Incentive

April 10 Trade, Business & All Things Money [406]

Fatwa ID: 03527 Answered by: Maulana Mohammed Kamran Abid Question Salam. Is it halal if I ask someone for a loan and offer to pay them back 10% extra as an incentive? This would be straightforward ri...

Selling Homecare cover on behalf of British Gas

April 6 Trade, Business & All Things Money [406]

Fatwa ID: 01618 Answered by: Mufti Mohammed Tosir Miah Question 1) Are home cover schemes like these permissible? My concern is that it is similar to insurance. Keep in mind the HOMECARE is not a warranty as Briti...