ভূমিকা

Shiavault - a Vault of Shia Islamic Books Contemporary Legal Rulings In Shi'i Law B - Mu'amalat Interest (Riba) Q62: What is the ruling on depositing money in banks sponsored by Muslim and non-Muslim governments, with the stipulated condition of receiving interest? A: Depositing in banks of non-Muslim countries is permissible in every case, even if it is under the stipulated condition of obtaining interest.

As for depositing in government banks of Muslim countries under the stipulated condition of obtaining interest, then it is prohibited. But, if it is without this condition, then the issue is free of interest ( riba) but it is not permissible to spend the acquired money without referring to al-hakim al-shar'i or his representative. (FM, p. 405) Q63: Is there a difference here between the principal and interest which the banks (in Muslim countries) give to the depositor?

A: No, there is no difference between them. One is not permitted to spend from anything taken from government banks in Muslim countries except by referring to al-hakim al-shar'i or his representative. (FM, p. 405) Q64: If I know that the bank will give me interest even without stipulating the conditions, is it permissible for me to deposit in a savings account that takes the form of a term-deposit? A: Yes, it is permissible, as long as you do not stipulate the conditions of interest. (FM, p.

406.Q65: Is it permissible to take interest from unbelievers, especially for those who live in their countries? A: Yes, apparently one is allowed to take interest from the unbelievers, whose property is not honored. God knows best. (MMS, p. 27, Q49) Q66: A national bank (in a Muslim country) offers a project to its clients in which a person deposits a sum of money in the order of 1,000 dirhams as a deposit which can be withdrawn at any time.

It announces that after a period of time, a lottery will be drawn and the bank will grant a specific gift to the investors. Is it permissible to deposit with this intention? A: Depositing with the condition of a gift is usury and therefore prohibited. By condition is meant to make the deposit with the requirement that the bank should give the gift. But the mere knowledge that the bank will grant it (gift) does not harm the permissibility of investing and the lawfulness of the granted gift.

God knows best. (MMS, p. 36, Q76) Q67: A person does not own a house to reside in.

✦ ✦ ✦