Having shares in the Saudi-American Bank Question: Advise us, may Allaah increase you in knowledge, about the ruling of having shares in the Saudi-American Bank. Is it ribaa, since it trades in interest and is based upon interest, as we know? Response: The Saudi-American Bank and other banks, if they are based upon ribaa and trade inribaa, then […]
The ruling regarding using a credit card Question: There are banks which provide their customers with a card called “Visa”. This (card) then permits them (customers) to withdraw cash from the bank, even if they do not have sufficient funds in their account at the time. After a (specified) period of time, the customer is […]
Question I heard that fasting the day of ‘Ashoora’ expiates for the past year, is this true? Does it expiate for everything, even major sins? What is the reason for venerating this day?. Answer Praise be to Allah. Firstly: Fasting the day of ‘Ashoora’ does expiate for the past year, because the Prophet (peace and […]