Ref. No. 41/950

In the name of Allah the most Gracious the most Merciful

The answer to your question is as follows:

Interest and all interest based dealings are strongly forbidden in Islam. The Qur'an and Ahadith are very clear on the prohibition of interest. The Holy Quran says that those who return to dealing in interest are the companions of the Fire and that they will face a painful punishment in the Hereafter. The Hadith says that the receiver and the payer of interest, the one who records it and the two witnesses to the transaction are all alike in guilt. It means involving in such a transaction in any way is prohibited for a Muslim.

Thus buying Life Insurance policy which comprises of interest and gambling is not allowed in Islam. However, if it is extremely necessary or legally required, then it maybe allowed with some conditions. So before proceeding ahead, one must consult the Ulama with full details.

And Allah knows best

Darul Ifta

Darul Uloom Waqf Deoband

Ref. No. 41/958

In the name of Allah the most Gracious the most Merciful

The answer to your question is as follows:

Bank serves its customers and in return it levies charges as service fees which are allowable in Shariah. The interest money can be given in unlawful charges but these charges are not considered unlawful in Shariah. Thus it is not allowed to pay interest money in ATM and credit card and bank’s service charges. But the minimum account balance penalty would be considered unlawful in shariah. Hence one maybe allowed using interest money received from bank to pay its maintenance fees.

And Allah knows best

Darul Ifta

Darul Uloom Waqf Deoband

Ref. No. 1024

In the name of Allah the most Gracious the most Merciful

The answer to your question is as follows:

It is not allowable to give interest money in house tax or road tax etc. The interest money must be given to the poor and needy without having any intention of reward. And Allah knows best

Darul Ifta

Darul Uloom Waqf Deoband

Ref. No. 37 / 1033

In the name of Allah the most Gracious the most Merciful

The answer to your question is hereunder:

Medical insurance is based on interest and gambling. So, one is not allowed to benefit from such as interest-based scheme.

And Allah knows best

Darul Ifta

Darul Uloom Waqf Deoband

Ref. No. 37 / 1034

In the name of Allah the most Gracious the most Merciful

The answer to your question is hereunder:

Yes, you can give interest money received from bank to your needy brother without making any intention of reward. To avoid making him feel bad, you don’t need to tell him that it is interest money. The recipient is allowed to spend it in all his needs.   

And Allah knows best

Darul Ifta

Darul Uloom Waqf Deoband

Ref. No. 37 / 1038

In the name of Allah the most Gracious the most Merciful

The answer to your question is hereunder:

It includes interest and usury that’s why it is not allowed, hence you have to abstain from it.

And Allah knows best

Darul Ifta

Darul Uloom Waqf Deoband

Ref. No. 

 In the name of Allah the most gracious the most merciful

The answer to your question is as follows:

Taking loan is not allowed in normal conditions. However, if one takes loan in a dire need, or to protect oneself from falling prey to transgressors etc., it may be allowable. But it requires much caution before proceeding ahead. If you think it is necessary to take loan, then you have to write your necessities to Darul Ifta so that we can suggest if you can take interest-based loan or not. You must not name your desire as a necessity.

And Allah knows best

Darul Ifta

Darul Uloom Waqf Deoband

Ref. No. 37 / 1051

In the name of Allah the most Gracious the most Merciful

The answer to your question is follows:

Exchanging old coins and getting more money than the original value in return is unlawful.

And Allah knows best

Darul Ifta

Darul Uloom Waqf Deoband

Ref. No. 2845/45-4479

In the name of Allah the most Gracious the most Merciful

The answer to your question is as follows:

Only the money (6 lakh) you invested in the insurance plan is yours. The additional amount (5 lakh) you got is the interest amount, which is not Halal for you. The Interest amount must be given to the poor without the intention of reward.

﴿ يَآ أَيُّهَا الَّذِينَ اٰمَنُوآ اِنَّمَا الْخَمْرُ وَالْمَيْسِرُ وَالْأَنْصَابُ وَالْأَزْلَامُ رِجْسٌ مِّنْ عَمَلِ الشَّيْطَانِ فَاجْتَنِبُوهُ لَعَلَّكُمْ تُفْلِحُون﴾ [المائدة: 90]

" عَنْ عَمْرِو بْنِ يَثْرِبِيٍّ، قَالَ: خَطَبَنَا رَسُولُ اللهِ صَلَّى اللَّهُ عَلَيْهِ وَسَلَّمَ فَقَالَ: «لَا يَحِلُّ لِامْرِئٍ مِنْ مَالِ أَخِيهِ شَيْءٌ إِلَّا بِطِيبِ نَفْسٍ مِنْهُ»". (شرح معانی الآثار،(2/313 ، کتاب الکراهة، ط: حقانيه)

And Allah knows best

Darul Ifta

Darul Uloom Waqf Deoband

Ref. No. 2239/44-2383

In the name of Allah the most Gracious the most Merciful

The answer to your question is as follows:

Whether the rate of interest is low or high, whether the interest is given by a private institution or by the government, the interest will be unlawful and haram in Islamic Shariah.

And Allah knows best

Darul Ifta

Darul Uloom Waqf Deoband