1. Ask A Question About Islam And Muslims
  2. Ask A Question About Islam And Muslims

Ask A Question About Islam And Muslims

11 Questions

Is it permissible to work as an accountant where you are recording Riba transaction of Muslims?
Sayyed Mohammad Al-Musawi

It is not permissible to do anything related to usury (RIBA). The money received for such work will be also not lawful (Haraam).

Wassalam.
What is my responsibility if I own stocks that have increased in value or have obtained profits gained from Riba?
Sayyed Mohammad Al-Musawi

Increase in value does not create any problem if the activities of the company are lawful and no Haraam activities are involved like RIBA. If the company deals with RIBA or does any Haraam business, it will be Haraam to buy or keep such shares. Money generated from RIBA or any other Haraam activities is unlawful to use in any way even in charity. It must be given to the Marje; of Taqleed to spend it on deserving cases or seek his permission to give it in charity.

Wassalam..
Is it permissible to engage in practices such as mortgage or car finance, which involve interest, even though Riba is considered forbidden in Islam? Are they considered Halal as long as the full cost of the product is agreed upon including interest?
Sayyed Mohammad Al-Musawi

If you know that it is a Riba between Muslims, then it will be the not permissible to deal with it. If the finance is given by a non Muslim to a Muslim, then it is permissible if it is done according to their own laws.

Wassalam.
Can you recommend an English book that addresses and explains the reason for the permissibility in Shia Islam of taking interest on savings accounts in certain situations?
Sayyed Mohammad Al-Musawi

Jurisprudence is a big field of Islamic knowledge which has its own experts who spend decades of years to be able to study the evidence from Quranic verses after going through all the fields of Quranic studies, and the authentic Hadeeths after going through the fields of Hadeeth and Rijaal which deals with assessing the authenticity of every narration. We also have the principles of Fiqh which is logic of jurisprudential thinking. 
'You need to go through the evidence confirmed by the great jurisprudence scholars or Maraaji' of Taqleed to see the reasons of any Islamic rule including your question.

'In brief, Islam does not permit RIBA (usury) between Muslims, but not every interest known today is usury. When non Muslims keep your money and put is their business and give you whatever they everyone else from their profit, it is permissible for you to accept it. This is according to the jurisprudence evidence which has details in jurisprudence books written by the Maraaje' of Taqleed. You are accepting what they usually give to every one who keeps his money with them as part of their business.

'Wassalam.