How Can We Help?

Search for answers or browse our knowledge base.

Tag - interest

Articles

Is it permissible to receive cash back from a credit card company?

Is working at a bank Islamically permissible?

Is it permissible to invest in Cryptocurrencies, specifically Bitcoin?

Is it permissible to purchase a house if the seller and the lender are the same entity?

Are gifts and cash incentives offered by banks to account holders Islamically permissible?

Should a long-term debt be returned on the due date for the amount previously borrowed or its current value today?

Is working at a bank Islamically permissible?

Are student loans Islamically permissible?

Is investing in the stock market permissible in Islam?

Is it permissible to transfer an interest-based debt to a non-interest based debt or to a 0% interest rate debt, so the interest can be reduced or eliminated? If permissible, can I do it for one of my family members using my card?

What can Interest/impermissible money be spent on? Can you give interest money to charity in Islam?

Is it permissible to invest in Cryptocurrencies, specifically Bitcoin?

What if the 401(k) account imposes restrictions and penalties if withdrawn prematurely?

Is investing in 401k permissible in Islam?

What is the best way to get rid of the interest money?

Can I give the interest money to relatives/friends of mine who are considered poor? And do I have to inform them?

Can I use the interest money to pay my student loan or my utility bills?

Should I take the interest money accumulated in my bank account, or should I leave it to the bank?

Is it allowed for me to use the interest money accumulated in my bank account?

Become a part of something more

We rely on our generous community to create a lasting impact and ensure the continuous operations of your Masjid as the gathering place, school, and house of worship for Muslims across the Triangle.

الَّذِينَ يُنفِقُونَ أَمْوَالَهُم بِاللَّيْلِ وَالنَّهَارِ سِرًّا وَعَلَانِيَةً فَلَهُمْ أَجْرُهُمْ عِندَ رَبِّهِمْ وَلَا خَوْفٌ عَلَيْهِمْ وَلَا هُمْ يَحْزَنُونَ

Those who spend their wealth in charity day and night, secretly and openly—their reward is with their Lord, and there will be no fear for them, nor will they grieve.”
– The Holy Quran 2:274

Copyright © 2025 Islamic Association of Raleigh. All rights reserved.