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Had a Bank Loan
1 year back I took a loan from a bank here to cover some urgent commitment at that time. Now as I still have 2 years to pay for the loan I regret the decision and read about Riba and how both the bank and I are equally mistaken. According to my reading, I know that the lender should give the extra amount of money paid for interest to Islamic affairs.. More
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Exchanging inferior dates for superior dates
There is this story about Bilal... He returned once with dates...and the Prophet asked him where he got the dates. Bilal said he exchanged 2 spoiled dates for one edible one. The prophet said that this was usury (riba)...How is this so? If it is usury, is a spoiled date equivalent in value to a non-spoiled one?
Thank you.. More
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Bank charges reduce money in saving account
I have a deposit in a Bank in Canada. I put the money in a saving account without profit. I have no choice but to put this money in Bank in Canada. Each month the Bank deducts 3.00 from my account as a charge for this type of account since the bank can not make a lot of use with my money. But over time my money becomes less and less. Please advice.. More
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Borrowing from a Bank
I'm a Muslim and I've finished my studying and I'm looking for a job, but here in Morocco it's too difficult. so there is a possibility to get money from a bank with percent (riba) to have my own business, but as I know it's forbidden. I've asked other people and they told me that it's possible as I can't find work with a firm here in Morocco. So please.. More
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