Repentance for Taking Money from Bonds

Answered by Shaykh Faraz A. Khan Question: My father has invested in premium bonds since a very long time and every now and then the bonds comes out in the form of money. A cheque from the bond company was sent to me in my name. At this point I knew about the impermissibility of […]

Is Leasing a Car Permissible?

Answered by Sidi Salman Younas Question: Is leasing a car allowed? ie you make monthly payments so that in essence you are renting a car. Answer: In the Name of Allah, Most Gracious, Most Merciful salamu `alaykum wa rahmatullah I pray you are well and in the best of health. Yes, leasing a car is […]

Interest, Parents, & Upholding Good Character

Answered by Ustadh Faraz Khan Question: I graduated college early because my family does not have alot of money and i didnt want to accrue much debt. I have a student loan which wont accruse interest until six months after graduation. I can pay it off, but my parents want me to contribute more money […]

“Zero-Percent Financing”: Is It Really Interest Free?

Answered by Shaykh Taha Abdul-Basser Question: My question is regarding car purchases with 0% financing. Many people argue that there is no such thing as 0% financing when you purchase a car. Even if the dealer says that it is there is always a 0.01% interest.If one is in a situation where their 10 year […]

Pawning an Item & Usury

Answered by Shaykh Taha bin Hasan Abdul-Basser Question: As-salamu `alaykum. If I were to pawn an item in order to get $200 and then, a month later, go back to buy it back at $225, would that be usury (riba)? Answer: Wa-`alaykum as-salamu wa-rahmatullah. There are several likely scenarios: Scenario One 1) If the first […]

The Legal Verdict on Prevalent Forms of Insurance

Answered by Mufti Muhammad ibn Adam Question: The Imam at our mosque said today in his sermon that Insurance is “haram”. His explanation was that you can’t benefit / profit yourself against something that is hidden, i.e. isn’t yet known. Could you please provide some detailed information on this? Answer: In the name of Allah, […]