What is the ruling on conventional insurance?
Conventional commercial insurance contains riba (interest) and gharar (excessive uncertainty) and is therefore impermissible. Shari’ah-compliant cooperative alternatives…
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This library presents general rulings according to the Hanafi (Deobandi) school, summarised for learning. For your specific situation, please submit your question below or consult the Jamia’s Dar-ul-Ifta directly.
Conventional commercial insurance contains riba (interest) and gharar (excessive uncertainty) and is therefore impermissible. Shari’ah-compliant cooperative alternatives…
Read full answerYes, provided the higher price is fixed and agreed at the time of the contract. It is permissible to sell an item for more on deferred payment than its cash price. What …
Read full answerJobs that directly involve recording, processing, calculating or witnessing interest-based transactions are impermissible, as they amount to assisting in riba. Some genu…
Read full answerNo. Riba (interest) is categorically forbidden in the Qur’an and Sunnah. Taking or paying interest through conventional banking is impermissible. If interest has been cr…
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