Can I Keep a Phone Bought with Haram Money?

Answered by Ustadh Tabraze Azam Question: Assalam alaykum If I had bought a mobile phone with haram money in the past, do I actually have to sell the phone and then dispose of the money by giving it to charity? Or should I simply give the equal amount of money from my possession to charity? […]

What Should I Do About Interest Charges From Banks Earned Before I Became Muslim?

Answered by Ustadh Tabraze Azam Question: As salam alaykum, I have several bank accounts with traditional interests. My parents opened my accounts before I became Muslim. What should I do with this banking interests? Also I do not remember exactly the rates… Answer: Wa alaikum assalam wa rahmatullahi wa barakatuh, I pray that this message […]

Getting Rid of ‘Fixed Income’ Returns

Answered by Shaykh Faraz A. Khan Question: My wife became Muslim in May 2011. Her parents had opened up two investment accounts for her, a roth IRA and an Individual Investment account. They just recently transferred the accounts into her name. Upon examining it, I noticed that some of the mutual funds that they invested […]

How Do I Get Rid Of Haram Money?

Answered by Shaykh Faraz Rabbani Question: What is the ruling of keeping money in a savings account that receives interest? How do I get rid of such haram money? Answer: In the Name of Allah, Most Compassionate, Most Merciful, There are a few important points here: 1. Giving and taking interest are both decisively impermissible […]