- Transactions & Dealings >> Interest & Insurance
- Total Questions : 349
- Q. My father has taken a lone from the bank for business. i am living my life from his money as i am too small to earn my livelihood. what shold i do to remain away from his bank money.should i leave his home or stay with him untill i grow up.
1357 views
- Q. Many companies who had been traditionally providing health care to their employees directly have now been shifting to medical insurance companies, whereby a lump sum amount is given to insurer annually regardless of actual medical expense, and in return, employee avail the medical facility through insurance company. Is it permissible for employee to avail medical facility through this arrangemet. Please note that the empployee has nothing to do with this arrangement.
1942 views
- Q. I live in a Muslim society in mumbai.the society charges a fixed maintainance amount to the members monthly.they charge a penalty if it is not paid on time in terms of percentage.if the bill is not paid for second month they again charge a penalty in percentage first on the bill of that month then they combine the previous unpaid bill with this bill and again charge intrest on the total amount.and this goes on for months.if a person has to pay rs 10,000he is made to pay 15,000 for example.is it permissible to charge intrest in such a manner or haram as it puts undue burden on our muslim brothers who are unable to pay the bill on time due to financial problems.i have proposed the society to charge a fix penalty for eg rs 100 on every unpaid bill so that our brothers are not burdened with heavy interest.
1527 views
- Q. I am living in 3% muslim populated area in Rajasthan. Any Islamic Bank/islamic Financial institution is not available in whole area. I want to start a business with 75% Loan money by Bank.I have no other ulternate except to take interest based loan from Bank.The whole economy is interest based. I also consulted Ulema of Other countries on internet,they replied me to take advise of Indian Ulema. What is the Sharia rulings on such Loan and business? If it is completely forbidden, what is the ulternate?
1864 views
- Q. I am a Software Engineer employed in Software Company in Chennai. I have one doubt upon my job/salary being Haram or Halal. The narute of my job is to design and develop software for my > client. My client is into Investment Banking and Stock Trading Business, which they can use for their transactions involving interest ofcourse.The client pays to my company where I am working and in turn my company pays me the salary. a) So I want to know if creating sofotware for Bank/Other finnancial institues such as Investment Banking will be Halal. b) Will my salary be Halal. c) Most of the software companies are having their majority of the clients as Banks.So if at all it is HARAM to work in the software company working for Bank , then a lot of Muslim people are involved in this jobs.What do u suggest to them?
10379 views
- Q. I am an American new Muslim. I wanted to know about the new "Islamic insurance called Takaful. I wanted to know if this insurance halaal according to the shariah of Islam? It has been launched in Pakistan and in South Africa and in South Africa most of the ulema say that this "Islamic insurance" is the same as the insurance of the commercial banks because the element of gambling and riba are still present. what is your opinion on this very important matter? Please answer.
1346 views
- Q.
997 views
- Q. What is about takaful (Islamic insurance) concept? Is it Halal?
3161 views
- Q. Please could you inform me as to what is the ruling on Takaful (Islamic Insurance / Cooperative Insurance in Islam). Previously I sympathised this mode of insurance, though recent correspondence I obtained from the Ulama of Darul Iftaa, Camperdown, South Africa imply that it is Haraam. Maybe I did not understand properly. I would be greatful if you could advice me of the ruling, and please could you explain as to the reasons on why it is Haram or Halal. In Malaysia, I am among a handful of Traditionalist Ahlus Sunnah Wal Jama'ah adherents who want to know what our Fuqaha say. In Malaysia, we have many scholars too, but it is greatly influenced by the "Modern" school. Traditionalism is not strong in Malaysia.
1749 views
- Q. I have been offerred a franchise of a general insurance company IFFCO TOKIO.It deals only in general insurance and not in life insurance.Please let me know if insurance business is halal or not in the light of the Quran and hadith.
1191 views
- Q. i wanted to clafrify that i am doing a job in bank which is not an islamic bank, & my job is of customer service, means i am taking calls , talking with people over the handlng there queries which also includes of informing of interest charges sometimes, so i want to know whether these is cosidered as hallal or haram, once i get clarification from u i will decide to quit if it is haram. i request to reply for this mail.
1463 views
- Q. I want to take fatwa on the issue related to my sister married in Pakistan. Her husband died few months ago and he was working in a bank in Karachi. Now after his death the bank had given certain amount of money to my sister by saying that it is group Insurance money. But my brother in law never ever gave any amount no matter monthly, quarterly or yearly in the form of premium to the bank for this group insurance. The bank officials told that it is compulsory for all the employees working in that bank to take group insurance (which is provided free of cost by the bank to its employees) and the yearly premiums for that group insurance was being given by the bank and not by the employee. I will be highly grateful and thankful to you if can tell me (give fatwa) in the light of Islamic principles that the money is JAIEZ or HARAAM. Warm Regards?
2404 views
- Q. I am an Indian citizen. Can I take education loan from a non-Islamic bank inspite of knowing that I have to give the interest? - I have no other way to fund my higher education (MBA from a Australia). Please do mention any Islamic bank which can give me education loan in an Islamic way for my higher education (MBA) from US/Australia.
3212 views
- Q. I need clarification on medi claim policy which has prevailed in many companies which offers their employees to contribute a fixed amount every month. One part of the amount is contributed by the employer also. The benefit of the policy is the employee can claim the amount which has been expended during his/her medical treatment on condition if the treatment is under gone the listed hospitals by the medi claim service provider.
1522 views
- Q. What are Isalmic laws concerning use of credit card? If I have credit card and I pay the whole amount at the end of the month, it does not incur any interest, is it permissible to carry credit card?
2687 views
- Q. Is it permissible to accept the money from the insurance company due to an accident?
2092 views
- Q. My problem is i want to study further coz the education that i did in india is not licensed in usa so i have to study further for this i have to go to the college and have to take a loan? what should i do now as there is no islamic bank here which can give me educational loan. regarding this i did istikhara myself i saw in my dream that my present husband is married to someone else am not his wife and am not having any connection with him, and it was a mixed dream and very unclear,so now plz advice what should i do now.
1388 views
- Q. I am planning to get sharia compliance loan for buying home from a company here in America. I have to pay 20% downpayment for that and I am going to borrow this (20%) money from my friend and will return it to him ASAP. Can I also pay him back 20% of the market rent of that house since technically he has 20% share in that house although in papers it is in my name. Would that rent be considered interest or just rent. As I pay him back his money, his share will decrease and so will rent.
1129 views
- Q. Is Income or commission of insurance advisor is halaal or haram?
5225 views
- Q. I am living here in Godhra and practicing since from last 13 yrs. I was also working in homoeopathic medical college since from last 12 yrs. Now recently appointed as professor in govt.college around 60 k.m. from Godhra now the big question is that i am getting salary around 20000/ twenty thousand rupees p.m.and medical practise is also officialy allowed so per month gaining will be around 40000/ so i have to pay around 45000/ rs. per annum in income tax which will be the best solution for me to save this amount. There are so many ways among them one is house loans (most of my coligue has taken which are non muslims) second is investing money in differnt funds where not a single way is intrestless kindly guide me for the same as such i am badly in need of home near vadodra which is around 30 k.m. from my working place. May god gives you instead of your service. Kindly reply soon.
1836 views