Are gifts and cash incentives offered by banks to account holders Islamically permissible?
There are various scenarios when it comes to accepting gifts from a bank: If the gift is offered to someone who has no connection with the bank, such as one […]
Is working at a bank Islamically permissible?
Narrated Jabir (RA):Allah’s Messenger (ﷺ) cursed the one who accepts usury, the one who gives it, the one who records it and the two witnesses to it, saying, “They are […]
What is the best way to get rid of the interest money?
One should immediately dispose of it by giving it to a public charity cause, without the intention of receiving a reward for it.It is best to give it to a […]
Can I give the interest money to relatives/friends of mine who are considered poor? And do I have to inform them?
Yes, if the relative/friend is poor or needy, you may give him/her the interest money.No, you do not need to inform them of the source of the money and you […]
Can I use the interest money to pay my student loan or my utility bills?
It is not permissible to pay off your student loan or utility bills with interest money. You cannot use your interest money for any of your personal expenses or spend […]
Is it allowed for me to use the interest money accumulated in my bank account?
It is not permissible to use the interest money accumulated in your bank account, as this act is considered a major sin. Allah says in Quran ( what could be […]