Riba
7 articles tagged “Riba”
Is a Credit Card Halal in India? Cards, No-Cost EMI and BNPL (2026)
Whether an Indian Muslim can hold a credit card, what the RBI's 2022 card directions say about the interest-free period, no-cost EMI and minimum dues, and how BNPL and charge cards compare.
Riba Meaning in Hindi and Urdu (2026): Sood, Byaj and Indian Bank Products
Riba is sood in Urdu and byaj in Hindi: a stipulated excess on money lent or deposited for time. We map savings interest, FDs, EMIs, credit cards, EPF, rent and trade profit to riba or not, using RBI definitions.
Is Working in Bank Haram? (2026): A Role-by-Role Answer for Indian Muslims
Writing, checking or witnessing an interest contract is prohibited by the hadith every scholar cites. Whether a cashier, IT engineer or guard at an Indian bank falls under it is where the fatwas split. Role by role.
Current Accounts: The Only Interest-Free Bank Deposit in India (2026)
RBI rules make the current account the one deposit in Indian banking that pays no interest by law. How the rules work, who can open one, and why the famous 'interest waiver instruction' does not exist.
NRI Money and Riba: Halal Cash Options for Non-Resident Indians (2026)
NRE and NRO savings and deposits all pay interest by law. The interest-free option for NRIs is the NRO current account, plus fast routing into screened investments. The honest guide for the Gulf remittance corridor.
Is a Service Charge Riba? The Unresolved Debate at the Heart of India's Interest-Free Sector (2026)
India's interest-free societies charge 8 to 18 percent one-time, or annual-rate charges, on loans they call qard hasan. Cost recovery or riba in function? The debate, both sides, with no false resolution.
Banking Without Riba in India (2026): The Honest Playbook
India licenses no Islamic banks, so avoiding riba takes a deliberate stack: zero-interest current accounts, purification on unavoidable savings interest, and the interest-free cooperative sector. The complete, honest playbook.