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Islamic financial system
He works for a company that deals with insurance
The ministry takes interest-based loans from the bank and lends to the unemployed without interest
Ruling on buying a product for deferred payment through the bank
He bought shares by means of a riba-based loan; what should he do?
Ruling on opening an empty account in a riba-based bank
Can he enter into a muraabahah transaction to pay off a loan that he owes?
A riba-based trick when selling phone cards
Is It Allowed to Buy a House in Installments From The Bank?
If the bank buys the house then sells it to you in installments, there is nothing wrong with that, but if it does not buy it, rather it is giving you the money or paying it on your behalf, on the basis that it will get the money back plus an additional amount, then this is riba.Ruling on what gold retailers do of taking the gold from the wholesalers and paying for it in instalments