Are Islamic Banking Institutions ‘Back Door Ribā (usury) Outlets?

Answered by Shaykh Yūsuf Badāt Question: What is the situation of islamic banking institutes providing housing loans on Sharī’ah base? I have heard some scholars call it a “back door ribā” as they claim that a banking institute cannot survive without a system based on interest. Please advise! Answer: بِسْمِ اللَّـهِ الرَّحْمَـٰنِ الرَّحِيمِ May Allāh…

Paying Zakāh in Advance Through Monthly Instalments

Answered by Shaykh Yūsuf Badāt Question: Is it permissible to pay zakāh (mandatory charity) on a monthly basis instead of all at once? Appreciate your input. Thanks! Answer: بِسْمِ اللَّـهِ الرَّحْمَـٰنِ الرَّحِيمِ Your concern for proper practice of religious tenants is admirable. Your question relates to discharging zakāh in advance (taking out zakāh prior to…

Shuffling Funds for Projects by Masājid and Islamic Organizations

Answered by Shaykh Yūsuf Badāt Questions: Please kindly answer the following questions: Is it permissible for an organization that receives donations from the public to utilize an amount from their Zakāh accounts, for other islamic projects? Such as purchase of property? And once general donations are received, to return the amount taken from the Zakāh…