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Tag Archives: interest

Is it permissible to purchase MTN Zakhele Shares?

Question:  Would you please clarify if we can purchase shares in the MTN Zakhele BEE offer?  Answer:  The Fatwa Department of the Jamiatul Ulama (KZN) has consulted a number of senior Ulama and reputable organizations with regards to the Zakhele shares that MTN is currently offering and has concluded that …

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Can I give interest monies to my needy sister?

Question:  Asalaamualaikum  Can I give away my interest money to my sister who is down and out?  She does not have any source of income what so ever?  Jazakallah  Answer:  If she is poor and needy, she may be given interest monies. The donor should not expect any reward (Ajar/Thawaab) …

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Partaking of meals sourced from Haraam income

Question: If a close family member like a father is known to earn his income by dealing in Haraam transactions like interest, insurance and gambling, what is the ruling on eating at their homes or accepting any gifts of money speculated from this source, without breaking the family-ties? Answer: If majority …

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Can I use the interest money to pay bank charges?

Question:    Can I use the interest money to pay bank charges? Answer:   Bank charges are legitimate service fees. Hence, it will not be permissible to use interest money to pay for bank charges.   And Allah Knows Best Mufti Suhail Tarmahomed Checked and Approved: Mufti Ebrahim Desai  Jamiatul Ulama …

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