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Al-Azhar Fatwa On Bank Interest
The legal opinion of some of Al-Azhar's scholars that interest is permissible in some ...
 
Interest Dealings Of Counterparty
One is not answerable for the interest dealings of the party with whom one transacts unless one is also directly involved in the interest dealings; for example, the real estate agent who assists in the purchase o...
 
Permissibility Of Interest-Bearing Accounts
All interest-bearing bank accounts, however low the interest rate, are impermissible to maintain; in the rare event that there is absolutely no access to an interest-free account, there is a dispensation to maintain an interest-bearing account for the individual who seeks the additional financial security of a bank; this is only permitted on the conditio...
 
Notarizing Interest-Based Transaction
Notarizing an interest-based transaction is impermissible since those who assist in an...
 
Unlike Goods - Cash
As regards cash, "like" refe...
 
Islamic Financing From Interest Based Fund
No, it would not be permissible for the company to engage i...
 
Using Riba Based Income as Capital
It would be permissible to keep the money because the sin of the riba returns to the person dealing in the riba, not the one receiving the money. The money may be used in any permissible way. For the divorce settlement, tho...
 
Conditionality In Impermissibility Of Interest
Interest is absolutely impermissible in any situation except when one anticipates extreme harm, where the extremity of the need would be analogous to eating unslaughtered meat when dying of hunger and nothing else is available; any extremity less than this degree would not permit one to deal in interest; too often Muslims mistakenly believe that de...
 
Prohibition Of Riba As Applying To The Poor
Besides the fact that the prohibition refers to everyone, at a practical level it is impossible to apply a quantitative standard (interest rates) to a qualitative circumstance (poverty). Who determines who is poor? Does one set a poverty line based on zakat eligibility? Will banks be forced to lend to these poor? Will the "risky" poor be charged higher rates than t...
 
Modifying An Interest-Based Sale According To Shariah Principles
When a good or service (not cash, gold, silver, securities or similar tradable instruments) is offered for sale through an interest-based transaction (e.g. car loan, property mortgage, education loan, etc.), it is permissible for the buyer to propose to the vendor the following: that the vendor combine all future principal and interest payments into one lump-sum amount and divide this new amount into installments, provided any late payment charges go to a designated charity rather than to the vendor (e.g. a house sells for $150,000 with a 7% interest paym...
 
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