Transactions (Hanafi)

May 14, 2026 2 mins

Is Working at a Development Bank Permissible in Islam?

Answered by Mawlana Ilyas Patel Question On SeekersGuidance, it was stated that income from working at a development bank might be permissible, provided it is not interest-related. Another answer states that the source of funds for bank employees matters for permissibility; I’m unsure if this applies to development banks, which don’t hold depositor funds like […]
May 10, 2026 4 mins

What Should You Do If You Unknowingly Benefit from Items Taken Without Permissio...

Answered by Shaykh Faraz Rabbani Question If someone unknowingly benefits from items taken without permission and cannot identify or return them to the owner, what should they do? Is it enough to give charity for the value, or is something more required? Answer In the Name of Allah, the Merciful and Compassionate. May Allah Most […]
May 10, 2026 4 mins

How Should a Muslim Repent for and Exit an Interest-Based Loan Taken in Ignoran...

Answered by Shaykh Faraz Rabbani Question Someone has entered into interest-based loans out of ignorance and now feels unable to exit them quickly. What should they do to repent and manage the situation while fulfilling their responsibilities? Answer In the Name of Allah, the Merciful and Compassionate. I pray you are in good faith and […]
May 10, 2026 4 mins

Is It Permissible to Buy a Policy from a Mutual Insurance Company?

Answered by Shaykh Faraz Rabbani Question Is a mutual insurance policy — where policyholders are also owners, profits are returned, and the company invests only in lawful instruments — permissible? How does this differ from takaful and from commercial insurance? Answer In the Name of Allah, the Merciful and Compassionate. I pray you are in […]
Compliance Notice: SeekersGuidance does not provide services or financial support in, to, or from Syria or any other region subject to international sanctions.
© 2026 SeekersGuidance. All rights reserved.
Need Help?