The Answer to the QuestionConcerning Riba [Interest] Based MoneyTo: Ibrahim Abu Fathi(Translated) Question: Our eminent Ameer, may Allah preserve him and forgive his sins, Assalamu Alaykum wa Ramatullahi wa Barakatuhu Someone opened an interest-based bank account in one of the nowadays existing (usurious) banks and later realized that riba [interest] was added to his account. … Continue reading Q&A: Concerning Riba [Interest] Based Money
Month: March 2014
Zakat on Trade Money
Question: Assalamu Alaikum, I have a question about zakat. First, I’ll tell you the situation; I make profit on selling apartments. For example, I bought an apartment for 30,000 and sold it for 35,000, after one year I’ve made 20,000 profit. I had last year 100,000 and now I have 120,000; on which amount do … Continue reading Zakat on Trade Money