Posts

Receiving Funding from a Commercial Bank

Ustadh Tabraze Azam is asked about receiving start-up funding from a bank that deals in riba. I am a revert to Islam doing my Bachelor’s in Computer Science and have been given a project in my field of study by a start-up (let’s call it X). X works in the domain of Computer Science. The […]

How to Avoid Usury When Exchanging Currencies?

Answered by Shaykh Umer Mian Question: Assalamu alaykum I get paid at work in a foreign currency and I always have to convert my salary to our local currency. I am trying to ensure I am not engaged in usury so I am confused on what rate I should use for the conversion. Shall I […]

Is Bonus Money From a Company Usury (Riba)?

Answered by Ustadh Salman Younas Question: Some time back I signed up for an online design website. I paid a designer to make a logo and then when I received a logo the website sent me an email giving me a £5 bonus as I am a new member. I have not used that money […]

Am I Sinful to Live With a Husband Who Is Not Concerned With Avoiding Usury?

Answered by Shaykh Umer Mian Question: My husband does not listen to my financial advice and we have to pay interest every month. For him it is not a problem and discussing this issue makes him very angry. What is my religious responsibility in this situation as I have to use his credit card? Should I get a job to avoid […]

Am I Falling Into Usury by Trying to Get a Job Using My Relationships?

Answered by Shaykh Umer Mian Question: As Salam Alaykum, I applied for a position in a company my friend is employed at. I asked him to speak to the manager so I can get an interview. I feel I have fallen into riba (usury) because I am bypassing the fair and equitable market process. Should […]

Should I Start to Repay a Student Loan I Am Not Currently Required To?

Answered by Shaykh Faraz Rabbani Question: Assalam alaykum, When I was studying, I took a loan out to cover the cost of my tuition fees. However, I am currently earning below the Student Loan Company’s repayment threshold. Is it mandatory for me to start paying the debt though I’m not required to payback at this […]

What Should I Do About Interest Charges From Banks Earned Before I Became Muslim?

Answered by Ustadh Tabraze Azam Question: As salam alaykum, I have several bank accounts with traditional interests. My parents opened my accounts before I became Muslim. What should I do with this banking interests? Also I do not remember exactly the rates… Answer: Wa alaikum assalam wa rahmatullahi wa barakatuh, I pray that this message […]

Is It Permissible to Work on the Projects of a Riba (Usury) Based Bank?

Answered by Ustadh Salman Younas Question: We are working in the IT sector. Recently, we got a request to develop a web portal for one of the reputed Riba based Bank. Is it permissible to work on the projects of a Riba based Bank as the payments made by them may include prohibited money? Answer: […]

How to Avoid Riba (Usury): A Reader

“Allah has permitted sale, and prohibited usury.” [Qur’an 2.275] Lectures The Prohibition of Riba (Usury) in Islam – Shaykh Faraz Rabbani Shaykh Faraz Rabbani explains the firm Divine Call to the Believers to completely leave riba (usury/interest). He explains how the prohibition of riba came—in four stages, in four sets of verses, with increasing degrees […]