Is it permissible to purchase a property in terms of the mortgage which is halaal according to Mufti Taqi?
The halaalized 'mortgage' of Mufti Taqi is a deception. We have written detailed articles in its refutation. It is not permissible.
Category
Finance - Banking - Business
The Al-Baraka Islamic Bank charges a ’penalty’ on late payment of instalments.
The ‘penalty’ which Al-Baraka allegedly charges on overdue instalments is haraam riba. Interest cannot be legalized by changing its name and calling it penalty. Whether interest…
When buying a vehicle through Al-Baraka Islamic Bank, they insist that we take out insurance.
Al-Baraka and similar other Muslim banks are far from Islamic. They generally operate in the same way as the non-Muslim banks. People are confused and misled with the many Islamic…
A senior mufti in Egypt issued a fatwa permitting Muslims living in non-Muslim countries to sell alcohol to non-Muslims.
Such ‘muftis’ come within the scope of the Qur’aanic verse: “You will see many among them (the Ulama of Bani Israaeel) hastening in sin, transgression and eating suht (haraam,…