That’s not really how it works tbh otherwise we can do several interest transactions and then just pay the penalty. You have the mortgage now, make an intention to not engage in any new riba transactions, pay excess off as soon as possible even if there’s a penalty.
Trading is ok, I have a video on how to make sure it's shariah compliant. The cashback is allowed if your account is shariah compliant and making sure it's invested appropriately
@@CertifiedTalks like in a regular saving account i had put in a certain amount of money into it and the bank overtime added money into my account im not sure if its interest or not it wasnt a contract or anything
Thank you, exactly what I was looking for.
Happy to have helped!
Thank you for this video! Quick question please - Is it Haram to work within the credit risk division of an investment bank?
I would say credit risk is fine
I bought house mortgage wat shall one payed of the house how much shall I give to charity from interest I payed
That’s not really how it works tbh otherwise we can do several interest transactions and then just pay the penalty. You have the mortgage now, make an intention to not engage in any new riba transactions, pay excess off as soon as possible even if there’s a penalty.
Would a canadan tax feee savings account/investments/day trading beconsiderend riba. I would the cash back on a tfsa be riba?
Trading is ok, I have a video on how to make sure it's shariah compliant. The cashback is allowed if your account is shariah compliant and making sure it's invested appropriately
Love the videos man, can you make something for uni dropouts who want to make it in finance?
Thanks for the support! You mean a video on finance careers you can do without a degree?
Yes, please if you could!@@CertifiedTalks
can i ask if i put my money in a savings account and overtime the bank increases my money overtime is it considered riba
You'll have to give more information. Are they giving you the money for free? Is there a contract where they give you a fixed amount? Etc
@@CertifiedTalks like in a regular saving account i had put in a certain amount of money into it and the bank overtime added money into my account im not sure if its interest or not it wasnt a contract or anything
Savings account differ from non savings account because they pay interest
@@CertifiedTalks oh okay thank youu