Fatwas Archive

A question about money transfers from country to country, and about receiving funds by [ATM/bank] card?

A question about the permissibility of selling paper currency one for another with an increase according to denominations: is it permissible, for example, that a man sell a commodity for one hundred thousand if paid in 1,000-notes, or for one...

Question: Paper currency has become the official currency in all countries. Is it to be governed by the same rulings as gold and silver in every respect, or does it have other rulings?

Question: What is the ruling on the following arrangement: A man gave another a sum of money on the basis that he would trade with it, making half of the sum a loan; the money advanced would be shared equally...

Question: A man sold another man a rifle for a known price, and stipulated upon him that he must not sell it, and that he [the seller] would buy it back from him for the same price and add a...

Question: There are companies that announce their desire to sell quantities of their shares, stating the price of each share as such-and-such riyals, knowing that the price of a single share can rise or fall. As with trade goods, the...

Question: What is the ruling on depositing in usurious banks and transferring from them and to them, etc.?

Question: A man has debts; he is pressed to pay them or be imprisoned. He possesses nothing with which to pay the creditors other than what is indispensable for him and his family and children; if he enters prison, his...

Question: A bank and a merchant agreed—seeking to avoid usury—that the merchant sell to the bank’s customers certain goods at their customary price, with no increase and no decrease; the bank is to settle the price of those goods, and...

Question: The agricultural bank sells farming machinery for half the price at which their equivalents are sold in the market, but the bank sells them to farmers only on credit for specified terms and takes “interest” for that. Is it...