Questions tagged [loan]
The loan tag has no usage guidance.
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Father's Loan Repayment [closed]
My dad had a loan taken from Doha Bank back in 2014 and bought a house from it, he paid it through installments but unfortunately, he passed away in 2021. and now we have sold our house, according to ...
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my income is halal or haram
my name is Talha, and I work for an affiliate network.My role is affiliate manager, and I find affiliates to promote our offers. We have offers in home improvement, solar, and loans. When the ...
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Paying back interest of a loan with interest earned from a bank acciunt
I have took a loan. I am going to pay it back for next ten years. Every month I pay 600 dollars interest in this loan installment. After taking loan, I got 50 thousand dollars from somewhere. I asked ...
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Loan to be returned at the rate of gold
I was 19 years old and my uncle gave me money which he said I would need to return at the rate of gold. So basically if for example he gave me 100 PKR - he would consider it as an equivalent amount of ...
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Why prophet (s.a) had his armor mortgaged with a Jew?
Narrated `Aisha: Allah's Messenger (ﷺ) died while his (iron) armor was
mortgaged to a Jew for thirty Sas of barley. https://sunnah.com/bukhari:2916
When Prophet (s.a) died he was ruler of vast ...
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Riba and loan interest
Could someone explain the reason for usury being forbidden in Islam?
Some background: I have some money, which I could take advantage of right now. Giving up this money, in the form of a loan would ...
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Am I exempted if I take this student loan involving riba? [closed]
I've been working really hard in high school to get accepted to a good major in university. I'm going to start studying this summer. I need an apartment and food to live and I have no income what's so ...
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Taking an Interest based Loan for emergency
Assalamualaikum warahmathullahi wabarakathuhu readers.
May Allah reward you with jannathul firdaus - aameen.. May Allah give you peace and protect you from sins - ameen.
My question is regarding ...
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Can I give zakath to husband?
My husband has a loan and I am also involved in it. He do repay the loan as installments. I own jewelry and have no further earnings right now. If my husband help me with money to give my zakath can I ...
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Difference between commerce and Riba in Islam, Does commerce entails risk?
What's the difference between commerce and RIBA in Islam?
Let's take the example of looking for a loan to buy a house.
Traditional banks are using Riba because they lend you money, you buy your ...
user8449
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Need loan to expland business operation
I am running a business and I would like to take loan from a bank to buy larger property for business expansion.
The property reamins with bank as collateral until debt is paid off.
Bank asks for 10%...
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Can we perform hajj or umrah with loan money?
I am not having money to perform my ummrah I have taken some money from my elder sister as a loan and I know that i could return her later.
So is this allowed in Islam or should we have our own money?
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Is it halal to take a student finance loan for education?
Muslim students tend to take a student finance loan in order to go through university without financial strain, but I've recently discovered there is interest involved.
According to my friend, some ...
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Is a UK university student loan riba, and if so, is it "necessary" if I have no other means to pay for education or to provide for my family?
I’ve heard student loans deemed as Ribaa. However, for a UK university student loan, the conditions are documented:
How much you repay
You pay back 9% of your income over the minimum amount of:
£17,...
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Is it halal to pay riba with riba? [duplicate]
Instead of sending unwanted income from riba towards charity, would it be halal to use the earned riba to pay the interest-only portion of a loan such as a mortgage or student loan.
For example, if ...
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