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View By Subject 37 fatwas
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Giving Zakat to Indebted Siblings
Assalamu Alaikum. We are seven brothers and one sister.If one of the brother has the financial capability, is it obligatory for him to pay the debt of another brother who is poor and is not capable to pay the debt from own?The debt has interests of the banks,and the victim repents not to repeat taking interests.Thanks
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Definition of Riba from Quran and Hadeeth
Sir Assalamu Alaikum
Please I need definition of interest/Riba/Usury with quotations from the sacred Quran and or from authentic Hadith. May almighty Allah bless you
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Father Who Died Took Loan With Riba and Now Relatives Refuse to Eat From Their Home
Assalamualaikum wa rehmatullah,
Long back we had business crisis and for that my father had taken bank loan and that bank charges some amount of interest. A said amount of money has to be paid to the bank monthly for 10 years with interest. A few years has passed already and due to the will of Allah my father died in a car accident, and now my brother.. More
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Father Forced Him to Get a Riba-Based Loan
Salaam aleikum. I'm a man in my 30s and when I was a teenager my father forced a student loan on me without my approval. He went to the office with me and forced me to take the loan and sign my name by intimidating and threatening me. It didn't matter how many times I said I didn't want to, he just didn't care.At that time I also didn't know that taking.. More
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You Get Rid of the Surplus Amount of Profit Only
Assalamu AlaykumI live in a western country whereby it is compulsory by law for working people to set aside a percentage of their earnings in a 'superannuation' fund, only accessible upon retirement. The companies managing these funds invest in different sectors, some halal and others not (eg tobacco)When I first started working, a small amount of money.. More
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Loan that brings forth benefit is plain Riba
Assalaamu alaykum. One of my friends wants to go to Australia, but he does not have enough money to go there. I have enough money to send him to Australia or any other country, but I want a share in his earnings, which might be 10-30% of his income. Would that money be halal for me?
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Giving loan in return for share in profit is interest
I have spent 60 lac to buy a plot and build my house. Now I have no money to complete my house, so for its completion, I need another 15 lac. I asked my friend for a loan, and hetold me that he will give me the loan on the condition that after selling the house, the profit will be split 50/50, meaning that I should give him half the profit. My question.. More
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There is no Riba between a person and himself
Assalaamu alaykum. I live in Canada and would like to buy a house according to the sharia. I own an corporation, I am the only employee in my company. I would like to borrow money from my business account in order to buy a house. The law in Canada mandates that I must repay the loan to my company in five years, but with interest, is this loan halal?.. More
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All types of riba are prohibited, not just what is doubled and multiplied
Does the Holy Quran contain any contradictions? One of my friends suggests that Surah Al-Baqarah verse 275 forbids us to consume all types of interest. On the other hand, Surah Al-Imran verse 130 forbids to consume interest partially: {O you who have believed, do not consume usury, doubled and multiplied, but fear Allaah that you may be successful.}.. More
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Meaning of Muhaqalah does not change by the change of time
Are there contemporary applications for the Muhaqalah transaction?
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There is no 'interest tolerance level' in Islam
I am interested in investing in an Indian Stock Market Called "BSE Tasis Shari'ah 50" Which they claim has the strictest possible Shari'ah compliance norms. Their Shari'ah screening includes: Business screening: Ensures that companies are carefully selected in compliance with Shari'ah and are in businesses that do not harm society per Shari'ah law... More
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Extending a sale contract for an increase in price is Riba
ASSALAM O ALAIKUM; i sell a plot in pakistan in the month of july and write a contract as that buyer give me 1/4 in advance and the rest money in the month of December. now he is giving me an offer that this contract should be more longer than 6 months more and u take 30000 per marla more because after 6 months the price of plot will increse as the.. More
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Bank loan is impermissible except in case of extreme necessity
Is it permissible to take bank loan to undergo medical treatment which is extremely necessary because i am facing immence hardship, pain and depression affecting my normal life. This ll also be a problem for me to get married as well. Please guide... More
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A person took a credit and promised to give it back with profit, but he cheated me
i lended all of my savings to my muslim friend for his business and he promised to return it with profits. He run away and disappeared with all the money and i realized he cheated me. Since i gave him money with the intention of sharing profits, is there anything wrong with my lending? i already have bank loan for my house but i paid him instead of.. More
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A loan that yields a benefit to the lender is Riba
I am a computer engineer living in the UK. I want to buy a house but I do not want to take an interest-based loan. A friend of mine recommended an institution based in Manchester to participate with me in buying the house. They will pay 75 percent of the price and I will pay 25 percent. Then they will estimate the house rent value, which is usually.. More
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