is it permitted in islam to lend money

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Date: Thursday, May 31, 2012   Question     1. is it permitted in islam to lend money to non-muslims who are in need of money? they might use it for things that are not permitted in islam.. is this ok? 2. i am planning to buy a car. i wont be able to pay the full price of the car all at once. So i am planning to go for a loan from an islamic bank. I have heard that they operate according to the sharia'ah. … [Read more...]

what can we do with these funds?

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Date: Saturday, December 10, 2011   Category Money Matters Title   what can we do with these funds? Question   We have much accumulated interest funds that we have unintentionally received from the banks. We know that in our community there a lot of people who are struggling with day to day survival and are turning to the banks for loans based on interest. Some of … [Read more...]

I want to know the information regarding taking loan

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Ref no: 0407# Date: Monday , October 11, 2011   Category Money Matters Title   I want to know the information regarding taking loan   Question   I want to know the information regarding taking loan on interest from a non islamic bank.Yest i have attended one biyaan in one of the mosque situated in ,hyderabad,INDIA. During the … [Read more...]

Bank (A) has an Islamic finance program for real estate

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Ref no: 0404# Date: Sunday, October 09, 2011   Category Money Matters Title    Bank (A) has an Islamic finance program for real estate   Question   1) Bank (A) has an Islamic finance program for real estate (villa or land),  they give you a loan at a margin of 4.75% according to your monthly income + 10% as down payment … [Read more...]

If one has Interest money to give away

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Ref no: 0402# Date: Tuesday , October 4, 2011   Category Money Matters Title   If one has Interest money to give away Question   If one has Interest money to give away who should one give It too? I would like to know if it is permissible to give it to a Muslim Family member.     Answer   Muhtaram … [Read more...]

s taking Life Insurance Policy allowed in Islam?.

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0372# Date: Tuesday, September 14, 2011 Category Money Matters Title Question   Is taking Life Insurance Policy allowed in Islam?. Answer Muhtaram / Muhtaramah In the Name of Allāh, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāh wa-barakātuh.   All conventional insurance schemes have elements of interest, gambling and uncertainty in them. The factors make conventional … [Read more...]