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Ruling on taking a bank loan to avoid renting
Assalaamualaikum,One of my relative is planning to buy a house and for which he is taking a bank loan. In order to save him from some part of interest I told him that I will be giving him some amount from my side for buying the house, this way the amount of bank loan that he will be taking will be reduced and hence the interest. Is this correct from.. More
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Ruling on a house bought with a Riba based loan
Salam Alekum. 2 years a go i bought with my wife a house with a riba based loan. At the time we were tempted because of our housing situation. In that 2 year we renoveded the house and we feel at home but also feel guilt for our sin. Now we regret our sin en hoop Allah subhanahu wa ta'ala will forgive our sins. Should we sell the house. If yes what.. More
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Purchased a House Through a Conventional Loan with a Fixed Monthly Payment
I purchased a house beginning of 2022 through a conventional loan with a fixed monthly payment for 15 years, I put 20% down payment and the bank 80%. If this is haram, can I pay the full amount left on it now and be done with it? Should I give sadaqah out for thinking that it was permissible? Or would this be considered breaking the fixed monthly installment.. More
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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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Working as an Account Receivable Specialist
)Is it permissible to work as an account receivable specialist ( have to record sales tax liability to the government)? 2. is it ok to work in audit where you are not auditing any interest related , and the company you are auditing is not engaging in haram activities( gambling , brewery etc) ? is there any other part I have to look out for 3. How about.. More
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Dealing with Riba-based Banks
My brother works as a Valuer. Some interest based banks refer to him for valuation of some properties like land or a house. Based on his report of valuation of the said properties the banks decide on giving loans etc to their customers. For the valuation the banks pay certain amount as fees to him. Is this income Halal according to Sharia.. Or will.. More
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Working in Riba-based Commercial Banks
Assalam o AlaikumI have recently applied for a job in government owned bank in Pakistan where I am supposed to maintain accounts and other related responsibilities like trend analysis etc., My question is that whether pursuing such type of job is haram or not because I am not directly involved in riba based transaction. However I might be involved in.. More
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Studying in University and Signed Up for a Loan with Riba
As-salamu alaykum, I am currently studying in university and I have signed up for a loan even though I know it’s haram but I didn’t know what else to do. Do you think I can pay for university without a loan? Maybe I can get many jobs to pay of my tuition. Almost every day I have this huge feeling of guilt for signing up for a loan. A lot of members.. More
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Issues about Borrowing Money with Riba
Is attending a property transaction where buyer is getting loan forbidden?What I have read till now is indulging in riba in anyway is forbidden, be it taking, giving, making contract, executing or being witness. My questions: 1) What if I do not facilitate loan but get leads of muslim buyers who are willing to take loan on their own...can I work for.. More
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No Harm in Spending the Interest on Poor and Needy Relatives and the Indebted amongst Them
can I give the money that I earned from bank interest to my relative who has a burden of loan?
.. More
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What to Do with a Big Amount of Interest
Assalamu alaikum,I have a bank account with some fixed deposit and i am getting regular intrest for this deposit for a long period i am not using this intrest because intrest is haram for a muslim and this intrest amount lying as a big amount in bank can i use this for my poor muslim brothers and sisters for their education and business purpose without.. More
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Took a Riba-Based Loan and Is Unable to Repay
Assalaamu Alaykum,I used to live in Uk. My visa expired and i had to leave the country . while coming back i took out a loan of £20k from UK bank to do some business back home . I always intended to payback the bank once i have the business established.My partner cheated on me and stole all of the money and ran abroad. Now i am broke and i fear if.. More
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Buying and Saving Gold Coins Is Not Forbidden If Zakaah Is Paid on Them
Assal?m alaykum warahmatullahi wabarak?tuh Beloved Shaykh I'd like to be adviced about investing in gold coins is it permissible to buy the coins and hedge them against the currency when the price goes up then i sell them to the coin shops ?My second question about this type of investment can you please clarify for me does this fall under hoarding or.. More
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His Roommate Insisted on Him So He Helped Him Get A Credit Card on Riba-Based Conditions
Assalamwalekum, I have a roommate who is also a muslim. Recently he applied for the credit card, it got a limit of 50 days for payment failing which he has to pay interest. The thing is, i actually helped him getting the verification done for the credit card but i didn't intended to so and didn't wanted to but he kept on insisting on this. I want to.. More
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She Cooperated with Her Husband in Buying a House with Riba
Assalamu alaykum. InshaAllah your in good health. Me and my husband just brought a house but we had to borrow half of the money from a normal bank which charges interest. The house and the loan are under both of our names because that's the way it had to be and that's how my husband wanted it to. I know it is haram to take out a loan from banks that.. More
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