Browsing All Posts filed under »Debt«

Permissibility of raising the price of a product in return for paying in installments

April 24, 2017

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Q. Is it permissible to sell by installments when the price of the product is increased?. A. Praise be to Allaah. Selling in installments means that you get the product sooner and pay all or part of the price later in known installments over a known period of time. The importance of knowing the ruling […]

Riba is haraam for the one who takes it and the one who pays it, and it is haraam to help with it in any way whatsoever

April 29, 2014

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Q. In one of the questions on your website you stated that working in an auditing office that deals with customers who are involved in some riba-based transactions is not permissible, and you quoted the hadeeth of the Prophet (blessings and peace of Allah be upon him) in which he cursed four categories of people, […]

What to do if someone dies suddenly in your house

January 22, 2014

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Q. What do the relatives of the deceased have to do if their relative dies suddenly? This scenario happens often in every family, and many people do not have the knowledge of what is prescribed in the Islamic sharee’ah concerning this. Please tell us, with the relevant evidence, the correct way to deal with this […]

Ruling on dealing with mortgages in a non-Muslim country

November 15, 2013

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Q. Perhaps my question has been asked many times before. It is about mortgages in non-Muslim countries. We live in a western society and we live in rented accommodation so as to avoid riba. Recently we found out that there are no houses for rent, and 96% of the market is based on mortgages. All […]

How to dispose of Haraam (unlawful) Wealth after Repenting

November 15, 2013

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Q. I am an Accountant employed at an accounting firm. I prepare financial statements, tax returns and advise clients on financial & tax related issues. Our clients are mostly small restaurant owners. We also have some clients in the real estate & auto dealership business. The restaurant owners, among other things, sell pork products. All […]

Using credit cards is haraam (impermissible), even if you pay up within the time limit

January 20, 2011

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Using credit cards is haraam even if you pay up within the time limit Q. I heard that using credit cards is haraam, but if I am sure that I am going to pay the bank within the time limit, so the bank will not charge any interest, is this also regarded as haraam?. ————————- […]

Poverty and its negative effects, and means of eliminating it in Islam

January 18, 2011

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Poverty and its negative effects, and means of eliminating it in Islam Q. How can Islam fight poverty? ———————————– Praise be to Allaah.  Firstly:  Poverty is one of the calamities that Allaah has decreed should happen, either to a specific person or a family or a society. Poverty has negative effects on people’s beliefs and […]