Q&A: Taking an Interest-Bearing Loan to Continue One’s Studies
Q. I am a dental student and am currently in a predicament. I started studying dentistry and my parents had...
RIBA/BANKING
Q&A: Questions Regarding Loans
Q. I have some questions that require your clarification. Firstly, regarding loans as outlined in the scenario below: Sa'ad wants...
Purchasing a Vehicle Through a Bank
Purchasing a Vehicle Through a Bank Q: I would like to purchase a car through a bank. Kindly provide me...
Writing Interest on Invoices
I'm reading a book 40 HADEETHS and I came across this Hadeeth that says: “The Prophet (Sallallahu alaihi wa sallam)...
Interest paid on loaned money given to Masjid
Question: Zaid took a loan and gave the money towards the building of a Masjid. Thereafter when he paid back...
Scholarship
QUESTION: Asalaamu alaikum I am a dental student and am currently in a predicament, i started studying dentistry and my...
Are Raffles permissible?
Q. Is this type of raffle permissible? An organization sells a card with four stickers. The purchaser in turn sells...
Money bartering
Q. Zaid exchanges a 10 rand note with Bakr for two R5 coins. Bakr hands over one R5 coin and...
How Sharia-compliant is Islamic banking?
How Sharia-compliant is Islamic banking? By John Foster Former editor, Islamic Business & Finance magazine The Islamic finance industry...