Tag Archives: banking
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Filing away records of interest transactions
Assalamu ‘alaykum warahmatullahi wabarakatuhu,
“I work in the “contracts” department of a comp...
Purchasing something re-possessed by the bank
Assalamu alaykum Mufti, I would appreciate if you could kindly assist with the following:What is the ruling of repossessed items? Is it permissible to purchase re-possessed items from the bank? What is a person already purchased such items? Thanks
...Seller knowing that the customer is paying with money loaned from the bank
Assalamu alaykum wa rahmatullahi wa barakatuhu
If a buyer pays with a cheque, and the seller knows that the buyer took a loan from the bank to pay for his goods, will it be permissible for him to conclude the deal?
Likewise, if I sell cars and I know the customer is financing it thr...
Sellers knows money is from bank
Assalamu alaykum,
If a buyer pays with a cheque, and the seller knows that the buyer
...
Took a loan from the bank to pay for his goods, will it be permissible for him to conclude the deal?Working in an interest-based bank
Assalamualaykum mufti sahib,
Is it permissible or impermissible to work in interest based banks in India, such as, State Bank of India, Punjab National Bank, etcetera?
...Zakah to a person in debt
Assalamu alaykum,
1) Is it permissible to give Zakah to a person in debt?
2)If a person is not eligible to take Zakah, can Zakah be used to pay his debt?
3) Can Zakah be used to off debts of near relatives?
4) If one person owes another person money, can the second per...