Business & Finance · Subtopic
Loans & Debts
697 fatawa from 9 South African Darul Iftas on Loans & Debts, part of Business & Finance. Newest first; every fatwa links to the page where its Darul Ifta published it.
Subtopics are grouped from each Darul Ifta’s own categories and the fatwa titles, so the count is approximate.
By Darul Ifta
Loans & Debts fatawa — page 13 of 18
- Mufti Online31 Dec 2014
Interest
If I loan someone money, for example, I loan someone R10 and we agree that they will pay me R15 in 10 months time, R5 more than what I loaned them,…
Mufti Zakaria Makada - Mufti Online23 Dec 2014
Getting involved in interest
My dad bought a phone on a credit card. If the bill is payed within 54 days then no interest is charged. However my dad couldn't pay the money…
Mufti Zakaria Makada - Mufti Online16 Dec 2014
Paying debts with interest money
I would like to know if interest (ribaa) money can be used to pay off debts? Can it be given to a Muslim to pay off debts owing to a Muslim? The…
Mufti Zakaria Makada - Ask Imaam9 Dec 2014
1. Is a woman in haidh allowed to recite surahs from the Quraan from memory? 2. Is it compulsory for females to wear pants when performing salaah? 3. I have a debt to pay. Is it permissable to go for umrah if someone else is paying for my trip?
1. Is a woman in haidh allowed to recite surahs from the Quraan from memory? 2. Is it compulsory for females to wear pants when performing salaah?…
Hisham Dawood - Mufti Online9 Dec 2014
Taking a loan from the bank
My question is that we are in USA and can not buy a home on cash because it is impossible. So because of compulsion can we take a loan from the bank…
Mufti Zakaria Makada - Mufti Online2 Dec 2014
Buying a car on interest
I bought a car of Rs312000 by bank finance now I have to pay the bank Rs 453000. Rs 5300 per month upto 7 years. Now I realised that I have…
Mufti Zakaria Makada - Mufti Online29 Nov 2014
Interest
My father gave some money to a broker for land so some how my father can't get the land so the broker said that he will return the amount which he…
Mufti Zakaria Makada - Mufti Online5 Nov 2014
Taking an education loan from the bank
My friend studied engineering by taking an education loan from the bank. He has to pay back interest also after getting a job. Is earning money…
Mufti Zakaria Makada - Ask Imaam21 Oct 2014
Student loans
I wanted to ask whether it will be allowed islamically to take student finance for an open degree at uni. What they do is they say that you only…
Saleem Khan - Mufti Online2 Oct 2014
Taking donations from people to start off a business
My question is can I take donations from others like how it is shown on this web site www.indigogo.com and start my business?
Mufti Zakaria Makada - Ask Imaam27 Sep 2014
Debt payment according to the quantity, not value
Someone owes me money to the value of R3500 since 1983. At the time, he could not pay me. What should he pay me in 2014? Should he should pay me the…
Asim Patel - Mufti Online27 Sep 2014
Interest
Is it in order to lend money to someone for example I say I will lend you R100 and you pay me back R150.
Mufti Ebrahim Salejee - Ask Imaam25 Sep 2014
Home financing contract for Ijara Loans
I've been trying to find out if the home financing contract for Ijara Loans is Sharia compliant. Please let me know how I can send it to you…
Ismail Desai - Ask Imaam24 Sep 2014
1.How can one pay off a debt when the amount and creditor is unknown? 2.Fidya for missed fasts?
Making Wasiyat Nama...I owe unknown $$ to people/co(Muslims & non-Muslims) whose whereabouts unknown. can I bequest reasonable amount to charity…
Fahad Abdul Wahab - Mufti Online18 Sep 2014
Mortgage plans
I am planning to buy a properly in UK. I have saving but it is far away from the amount the property cost. So I have to take a loan from the bank. I…
Mufti Ebrahim Salejee - Mufti Online30 Aug 2014
Taking a loan from the bank on interest
My company is giving me a benefit for house allowance. I can take the loan from the bank to purchase a house for me and what ever the interest I…
Mufti Ebrahim Salejee - Mufti Online30 Aug 2014
Paying back more than the loaned amount
My dad took the money from my uncle and said I will give you the profit as I have to invest it in my business. The profit was fixed either the…
Mufti Ebrahim Salejee - Mufti Online30 Aug 2014
Purchasing a house on mortgage
Please clarify for me the mortgage issue. I live in Australia and people and Islamic Scholars have different opinions on buying a house on Mortgage.…
Mufti Ebrahim Salejee - Ask Imaam28 Aug 2014
Can i use my fathers profits to pay off debts?
I have no job till date and i have a little debt on me of almost 80000 PKR. my father had put some money in national savings. After his death when…
Hisham Dawood - Mufti Online27 Aug 2014
Buying a house without a mortgage
I want to buy a home and without mortgage it is impossible in the USA. I also know about riba. What I need to do. Please advise.
Mufti Ebrahim Salejee - Mufti Online24 Aug 2014
Purchasing a vehicle through the bank
1. I would like to purchase a vehicle but I do not have the capital. Can I purchase it through the bank with a fixed price? 2. Are medical aid and…
Mufti Zakaria Makada - Mufti Online23 Aug 2014
Hire purchase
I live in muscat. I bought my car on hire purchase. The total price of tyre car is 8000 rials but on hire purchase its 8500 rials. So firstly is…
Mufti Ebrahim Salejee - Mufti Online12 Aug 2014
Credit cards
My question is that I live in muscat and I am a teacher. I want to start a side business. So the bank is offering me a credit card and the offer is…
Mufti Zakaria Makada - Mufti Online10 Aug 2014
Being forced by the government to pay interest
If a person works at an accounting office that deals with tax and due to no fault of his own the government reassesses the tax liability of a…
Mufti Ebrahim Salejee - Ask Imaam9 Jul 2014
Interest on loans
If I have earned interest on loans, and I have no way to dispose it off. 1. Is it permissible to deposit it in the bank account of some institution…
Mufti Ebrahim Desai - Mufti Online7 Jun 2014
Forced to pay interest
Is it haram to pay interest is one is forced to? For example if the government charges you a tax penalty and includes interest in it, is it haram…
Mufti Zakaria Makada - Jamiat KZN26 May 2014
Selling a debt
Q. I need some advice here. I recently sold my shares to a person. The deal was that he pay R100,000 immediately and on the 15th December 2013 , pay…
Mufti Suhail Tarmahomed - Ask Imaam12 May 2014
Repaying loan
My Father passed away 4 years ago and after his death we had to clear off his liabilities. One of our father’s friends had invested a total sum of…
Arshad Ali - Mufti Online9 Apr 2014
Hajj not being compulsory if one has outstanding debts
I have a question regarding the obligation of Hajj. I am a convert to Islam. I got married in 2013 and had a baby last year who is now 7 months old.…
Mufti Ebrahim Salejee - Jamiat KZN2 Apr 2014
Repaying more than the principal of a loan is prohibited (2/2)
Q. I have a store where I sell goods for cash and on credit. The goods that I sell on credit are sold at a 10% markup due to the differed payment.…
Mufti Suhail Tarmahomed - Jamiat KZN2 Apr 2014
Repaying more than the principal of a loan is prohibited (1/2)
Q. If you were given a loan by a Muslim to purchase an asset ( A Home ) and no specific repayment date was agreed . The asset has appreciated in…
- Mufti Online18 Mar 2014
Borrowing money to start a business
I would like to know if I want to start a business which costs 30000 but don't have enough money. Can I tell my cousin lend me eg. 15000 and tell…
Mufti Ebrahim Salejee - Mufti Online11 Mar 2014
Taking a loan from a family member to go for umrah
My husband and I want to go for umrah. A relative is prepared to give me a loan against jewellaery that I have. Which is the correct way of doing…
Mufti Ebrahim Salejee - Mufti Online11 Mar 2014
Taking a loan from the bank
My brother does not have own house and is planning to buy one with the help of bank loan. Will he be entering into any sin by doing so?
Mufti Ebrahim Salejee - Mufti Online1 Mar 2014
Depositing trust money into interest bearing accounts
I am asking a question on behalf of a trust who runs musjids and madressas, schools and clinics. We had a executive committee meeting in which…
Mufti Zakaria Makada - Ask Imaam28 Feb 2014
Is taking a home loan permissible?
I seek your guidance for purchasing a home for myself in India. This house/ apartment are intended for my own living and not for any investment…
Arshad Ali - Mufti Online17 Feb 2014
Interest Transactions
Are any of the following Interest Transactions? If a person says "Buy this item for me when you go to the supermarket, it costs R40,but I will give…
Mufti Ebrahim Salejee - Ask Imaam8 Feb 2014
What can I (or do I have to) do if a creditor passes away before I could pay my debts to him?
What can I (or do I have to) do if a creditor passes away before I could pay my debts to him?
Fahad Abdul Wahab - Mufti Online5 Feb 2014
Taking a home loan to avoid tax
Can we buy home loan to avoid income tax? Income tax is also indirect interest. Instead of paying it to the Government can we pay to bank as…
Mufti Ebrahim Salejee - Mufti Online13 Jan 2014
Inviting guests even though one is in debt
Is it correct for someone to continuously feed guests even though he is in debt? He quotes “the guest brings his own rizq and leaves with the sins…
Mufti Ebrahim Salejee
Read-only index of fatawa already published by South African Darul Iftas, each linked to its original. Not a fatwa service — for your own situation, ask the issuing Darul Ifta.