Riba
4 articles tagged “Riba”
Is Working in a Bank Haram? (2026): Salary, Roles and the Non-Interest Route
Whether a bank job is haram depends on the role, not the building. Which positions scholars prohibit, which they permit, what happens to the salary, and where the live non-interest vacancies are in Nigeria.
Is Interest on a Savings Account Haram? (2026): The Answer for Nigerian Savers
Savings interest in Nigeria is riba, whatever the rate and however it is labelled. We set out why, what the CBN figures show banks pay, how to turn interest off or dispose of it, and the halal accounts that earn.
Are FGN Bonds Halal? (2026): FGN Savings Bond vs FGN Sukuk for Nigerians
FGN Bonds and the monthly FGN Savings Bond are loans to the Federal Government that pay fixed interest, so they are not permissible. FGN Sukuk pays rental on road assets instead. Both compared with October 2026 numbers.
The National Housing Fund and Halal Finance: What Muslims Need to Know
Millions of Nigerians contribute 2.5% of income to the NHF. Its flagship loans are interest-bearing. Here is what is verifiable about non-interest options, and what to do with your contribution.