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 […]
The ruling about having shares in companies and banks Question: What is the ruling about having shares in companies and banks’? And is it permissible for a shareholder (in a company or a bank) to sell shares, specifically after he has become a shareholder himself, to offices dealing in buying and selling (stockbrokers)? And from […]
Having shares in the Islaamic Bank Question: The Islaamic Bank has shares for sale and the value of each share is one hundred and ten US dollars ($110). And that which we have understood is that the bank in question does not trade in ribaa and that the money from the sale of the shares will be […]