Comments on: Muslim’s Guide to Debt and Money Management Part 4 http://muslimmatters.org/2008/01/16/muslims-guide-to-debt-and-money-management-part-4/ Discourses in the Intellectual Traditions, Political Situation, and Social Ethics of Muslim Life Wed, 23 May 2012 14:21:00 +0000 hourly 1 By: spirituality http://muslimmatters.org/2008/01/16/muslims-guide-to-debt-and-money-management-part-4/#comment-81403 spirituality Fri, 26 Nov 2010 22:09:38 +0000 http://muslimmatters.org/2008/01/16/muslims-guide-to-debt-and-money-management-part-4/#comment-81403 Hi ! i have a question regarding cash back with credit card ,my bank basically can give customers cash back if they sign up for a program which is buying items through their card with certain companies such as walmart ect is that halal?to have a cash back from buyng an item ?or is it considered a discount? i also have another quesion: i want to go to school but basically i don't have money for it and i want to study because it's always being improtant to me ....so what' the fatwa in getting a loan for education purposes ?i know loan with interest is haram, is there islamic bank in usa ?if so please list them if they loan money for education. Hi !
i have a question regarding cash back with credit card ,my bank basically can give customers cash back if they sign up for a program which is buying items through their card with certain companies such as walmart ect is that halal?to have a cash back from buyng an item ?or is it considered a discount?
i also have another quesion: i want to go to school but basically i don’t have money for it and i want to study because it’s always being improtant to me ….so what’ the fatwa in getting a loan for education purposes ?i know loan with interest is haram, is there islamic bank in usa ?if so please list them if they loan money for education.

]]> By: aratuc http://muslimmatters.org/2008/01/16/muslims-guide-to-debt-and-money-management-part-4/#comment-71724 aratuc Sun, 18 Jul 2010 13:48:11 +0000 http://muslimmatters.org/2008/01/16/muslims-guide-to-debt-and-money-management-part-4/#comment-71724 Sukran for spreading the message and truly enlightened me not to vie for the things I am not capable to acquire. Sukran for spreading the message and truly enlightened me not to vie for the things I am not capable to acquire.

]]> By: Zareen http://muslimmatters.org/2008/01/16/muslims-guide-to-debt-and-money-management-part-4/#comment-59294 Zareen Wed, 10 Feb 2010 18:53:32 +0000 http://muslimmatters.org/2008/01/16/muslims-guide-to-debt-and-money-management-part-4/#comment-59294 I would highly appreciate your comment on this as soon as possible. Thanks again Wasalam I would highly appreciate your comment on this as soon as possible.

Thanks again
Wasalam

]]> By: Zareen http://muslimmatters.org/2008/01/16/muslims-guide-to-debt-and-money-management-part-4/#comment-59291 Zareen Wed, 10 Feb 2010 18:46:19 +0000 http://muslimmatters.org/2008/01/16/muslims-guide-to-debt-and-money-management-part-4/#comment-59291 Assalam-0-alaikum brother, I'm very much interested about the Islamic views on debt and interest. Unfortunately me and my husband have become a victim of this vicious curse and would do anything to come out of it as soon as possible. We pray and work hard every day to become debt and interest free but unfortunately it will take some time as we have predicted due to our current financial situation. I'm studying CPA and I'm almost done with my qualification. Inshallah soon I will complete my CPA certification. I have a good understanding of finance and accouting and I would like to ( after completing my education) work for the betterment of Muslims in this regard. I would like to make our lives free from debt and interest and help thousands of other Muslims who are caught in the same vicious circle like us. If you know any organization who are giving such education or are wiling to help people in attaining financial freedom and using their education and knowledge to help others please please let me know. I think that every hardship in life has a lesson to it and I want to do something for Allah and His religion and since I have an accouting and finance background, I want to use this knowledge to help myself and my husband as well as help all the other Muslims. Jazakallah khair. Wasalam Assalam-0-alaikum brother,

I’m very much interested about the Islamic views on debt and interest. Unfortunately me and my husband have become a victim of this vicious curse and would do anything to come out of it as soon as possible. We pray and work hard every day to become debt and interest free but unfortunately it will take some time as we have predicted due to our current financial situation.

I’m studying CPA and I’m almost done with my qualification. Inshallah soon I will complete my CPA certification. I have a good understanding of finance and accouting and I would like to ( after completing my education) work for the betterment of Muslims in this regard. I would like to make our lives free from debt and interest and help thousands of other Muslims who are caught in the same vicious circle like us. If you know any organization who are giving such education or are wiling to help people in attaining financial freedom and using their education and knowledge to help others please please let me know. I think that every hardship in life has a lesson to it and I want to do something for Allah and His religion and since I have an accouting and finance background, I want to use this knowledge to help myself and my husband as well as help all the other Muslims.

Jazakallah khair.
Wasalam

]]> By: Pay Off Your Debt - Khutbah by Muhammad Faqih | MuslimMatters.org http://muslimmatters.org/2008/01/16/muslims-guide-to-debt-and-money-management-part-4/#comment-20624 Pay Off Your Debt - Khutbah by Muhammad Faqih | MuslimMatters.org Sat, 31 May 2008 06:42:06 +0000 http://muslimmatters.org/2008/01/16/muslims-guide-to-debt-and-money-management-part-4/#comment-20624 [...] Muslim’s Guide to Debt and Money Management: Intro | Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part [...] [...] Muslim’s Guide to Debt and Money Management: Intro | Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part [...]

]]> By: ibnabeeomar http://muslimmatters.org/2008/01/16/muslims-guide-to-debt-and-money-management-part-4/#comment-16343 ibnabeeomar Tue, 01 Apr 2008 17:41:05 +0000 http://muslimmatters.org/2008/01/16/muslims-guide-to-debt-and-money-management-part-4/#comment-16343 Shahid - you'd need to consult an imam or maybe use a fatwa service such as AMJA who can go into the details of your situation with you. Shahid – you’d need to consult an imam or maybe use a fatwa service such as AMJA who can go into the details of your situation with you.

]]> By: Shahid http://muslimmatters.org/2008/01/16/muslims-guide-to-debt-and-money-management-part-4/#comment-16341 Shahid Tue, 01 Apr 2008 16:45:21 +0000 http://muslimmatters.org/2008/01/16/muslims-guide-to-debt-and-money-management-part-4/#comment-16341 I have a partnership with a Muslim brother. His business is totally based on Riba(interest based business) Is it haram for me to do business together. It is against Islam to do business with somebody whose way of doing business is toally against islamic laws. I have a partnership with a Muslim brother.
His business is totally based on Riba(interest based business)
Is it haram for me to do business together.
It is against Islam to do business with somebody whose way of doing business is toally against islamic laws.

]]> By: Hid http://muslimmatters.org/2008/01/16/muslims-guide-to-debt-and-money-management-part-4/#comment-14363 Hid Sat, 23 Feb 2008 01:23:36 +0000 http://muslimmatters.org/2008/01/16/muslims-guide-to-debt-and-money-management-part-4/#comment-14363 My fault, i have no clue how i read saving accounts there (well my dad has been pressuring me to get one so it has been in my mind =) ''I get a credit union checking account cuz some of them don’t charge ATM transaction fee ANYWHERE in the world. '' JazakAllahu Khairun for this, ill see in my bank has this option as well = My fault, i have no clue how i read saving accounts there (well my dad has been pressuring me to get one so it has been in my mind =)

”I get a credit union checking account cuz some of them don’t charge ATM transaction fee ANYWHERE in the world. ”

JazakAllahu Khairun for this, ill see in my bank has this option as well =

]]> By: Kamran http://muslimmatters.org/2008/01/16/muslims-guide-to-debt-and-money-management-part-4/#comment-14355 Kamran Fri, 22 Feb 2008 17:21:32 +0000 http://muslimmatters.org/2008/01/16/muslims-guide-to-debt-and-money-management-part-4/#comment-14355 Hid, This is what I said: "you can say that I want $700 to go in my checking account and $300 to go in another checking account." I didn't mention savings account. I said "checking" account...so you just have two checking accounts. And the way I usually do it is that I get a credit union checking account cuz some of them don't charge ATM transaction fee ANYWHERE in the world. So alHamdulillah, like when I went overseas last time, I was able to withdraw cash from my account without having to pay the extra "$3" for ATM transaction cost. (or if you're stuck somewhere with a Seven Eleven ATM, you can use this card there) hope this helps. ibnabeomar, yes alHamdulillah my credit score is excellent and therefore I guess I can't really justify keeping the CCs other than the reasons I mentioned. wassalam Hid,

This is what I said:
“you can say that I want $700 to go in my checking account and $300 to go in another checking account.”

I didn’t mention savings account. I said “checking” account…so you just have two checking accounts. And the way I usually do it is that I get a credit union checking account cuz some of them don’t charge ATM transaction fee ANYWHERE in the world. So alHamdulillah, like when I went overseas last time, I was able to withdraw cash from my account without having to pay the extra “$3″ for ATM transaction cost. (or if you’re stuck somewhere with a Seven Eleven ATM, you can use this card there)

hope this helps.

ibnabeomar, yes alHamdulillah my credit score is excellent and therefore I guess I can’t really justify keeping the CCs other than the reasons I mentioned.

wassalam

]]> By: Amad http://muslimmatters.org/2008/01/16/muslims-guide-to-debt-and-money-management-part-4/#comment-14349 Amad Fri, 22 Feb 2008 16:58:55 +0000 http://muslimmatters.org/2008/01/16/muslims-guide-to-debt-and-money-management-part-4/#comment-14349 I have only had american express (does go into credit report) and a check card (does not go into report, hasn't in mine) for the last 10+ yrs. No problem getting my new car on lease (required credit chk). My score isn't great but to be honest, if u are not going to be in the market looking for an interst based investment or property, I am not sure you are ever going to need that great score. Keep bad stuff out of the reports, and everything else will work out i/a. I have only had american express (does go into credit report) and a check card (does not go into report, hasn’t in mine) for the last 10+ yrs. No problem getting my new car on lease (required credit chk). My score isn’t great but to be honest, if u are not going to be in the market looking for an interst based investment or property, I am not sure you are ever going to need that great score. Keep bad stuff out of the reports, and everything else will work out i/a.

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