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 15 of 18
- Mufti Online30 Jan 2013
Paying back a loan in a different currency
I loaned 80 000 rupees to someone in 2012 and I told them that when they pay me back, they should pay me in dollars. Is it permissible in Islam or…
Mufti Zakaria Makada - Mufti Online26 Dec 2012
Paying back a loan after the government has devalued the currency
A loan of 100 000 was given to someone. Sometime thereafter, the government devalued the currency by 50%. What amount should the debtor repay?
Mufti Zakaria Makada - Mufti Online2 Dec 2012
Huge cellphone bill due to a virus
A brother uses his cellphone as a modem. Unfortunately he contracted a virus. The effect of this was that as soon as he put on his phone the counter…
Mufti Ebrahim Salejee - Mufti Online2 Dec 2012
Creditor claiming more than his due
In the year 2000 I got married, and because I assisted my parents to pay the bond, my mum was concerned how she will still expect me to help her…
Mufti Ebrahim Salejee - Mufti Online1 Dec 2012
Owing money to a company which has been sold to another company
A few years back, I owed money to a company. A family member who was owing me money undertook to pay it on my behalf in lieu of what he owed me. I…
Mufti Ebrahim Salejee - Mufti Online1 Dec 2012
Debtor voluntarily paying back extra
I loaned a certain person R10. When it was time to pay me, he gave me R12. There was no condition or agreement regarding the extra R2. He gave it to…
Mufti Ebrahim Salejee - Mufti Online25 Nov 2012
Giving a Discount to one's creditor for something he wishes to purchase
My mother knew I was owing someone money so when the person came to buy from the place she works, she gave a discount which I paid. I only knew of…
Mufti Ebrahim Salejee - Mufti Online18 Nov 2012
Accepting the invitation of the debtor
I have a friend, who borrowed some money from me a while back. He sits in a grocery shop, owned by another friend who is out for three chilla. I…
Mufti Ebrahim Salejee - Mufti Online18 Nov 2012
Lending money to an Islamic School on interest
Zaid is willing to lend a Islamic School 50 thousand pounds for a year, on the condition that at the end of the year he gets his full money back, on…
Mufti Ebrahim Salejee - Mufti Online1 Nov 2012
Debtor giving the creditor a gift
I am a dentist. I did a consult for a patient and arranged specialist referral. I did not charge him for the consult. He was referred back for…
Mufti Zakaria Makada - Mufti Online7 Oct 2012
Living with my parent who is working at the cash loan
I live with my parent who is working at the cash loan(thuthukani)so my question is that, whatever she comes or earn from her work it's all from…
Mufti Ebrahim Salejee - Mufti Online27 Sep 2012
Applying for a bursary at a bank
Is it permissible to apply for a bursary at a bank? E.g. Old Mutual.
Mufti Ebrahim Salejee - Mufti Online18 Sep 2012
Someone else paying of one's debt
If i borrowed money from someone and someone else pays that debt of for me without me knowing. What is the ruling?
Mufti Zakaria Makada - Mufti Online16 Sep 2012
Borrowing Haraam Money
I would like to know if I borrowed money from someone and he borrowed me haraam money, will this money be haraam for me also?
Mufti Ebrahim Salejee - Mufti Online16 Sep 2012
Offsetting bad debts of a deceased person with interest money
Can interest money received in a bank account be used to offset bad debts of a deceased person?
Mufti Ebrahim Salejee - Mufti Online8 Sep 2012
Sponsored for Hajj despite owing a huge amount
If a person has a huge debt to settle, is it permissible for him to go for hajj if he has a sponsor? The people that he owes have been waiting for a…
Mufti Zakaria Makada - Mufti Online2 Sep 2012
If I die and have not paid off my interest free loan
I have a question regarding debt. In the UK universities are now charging £9000 per year or so to cover the costs. If i take a student loan which is…
Mufti Zakaria Makada - Ask Imaam31 Aug 2012
I want to study in university, and I wanted to confirm is it Halal for me to get a loan from student finance.
I want to study in University, and i wanted to confirm is it halal for me to get a loan from student finance.
Moulana Ismail Desai - Ask Imaam27 Jul 2012
Can I take out an interest bearing loan?
salam...i would like to know about personal loan from islamic bank or any other bank which i will invest in land and i will build a building on that…
Mawlana Ismail Desai - Ask Imaam17 Mar 2012
Is it sinful for me to keep the money loaned to me by the banks due to money taken from me by the state?
I was in U.K for about 3 years, I struggled to strive there as a student and didn't get enough working hours to save money which was my main motto…
Mawlana Faraz ibn Adam - Ask Imaam13 Mar 2012
Is it permissible to take loans from banks in Kingdom Saudia Arabia?
My question is on loans given by Banks in Muslim countries. I am an Indian working in Saudi Arabia from 2 years. There are lot of Banks in Saudi…
Mawlana Mohammed Patel - Ask Imaam8 Mar 2012
1. Will a person be discharged from his obligation of zakāh if he gives something other than cash? 2. Is it permissible to charge the debtor the lost value of the current currency against another currency?
I wanted to find out if it is permissible to give out new or old but unused clothing items and items like carpets that we sell in our store? If yes,…
Mawlana Abdul Hannan Nizami - Ask Imaam18 Feb 2012
How does one pay zakat oncredits extended to the purchaser at sale ("debts receivables" or "accounts receivables")?
If you extend credit when you sell merchandise, is your whole debtors book zakatable? Obviously theres a chance of default from certain debtors.…
Mawlana Faisal bin Abdul Hameed - Ask Imaam14 Nov 2011
Can I take out a loan to buy a car?
I am an 18 year old student in college. I work and go to school to help support my family and get an education. I drive about 80-100 miles a day and…
- Ask Imaam2 Oct 2011
Borrowing a loan on the condition to pay back the capital along with a profit.
I'd like to know if someone borrows me 10000.00 to start of my business and wants to be paid the same amount back when I'm ready to do so but for…
Mufti Mouhammad Yassine Ibn Ibrahim Ibn Ismael… - Ask Imaam28 Sep 2011
Living in a house bought through a loan from the bank. 2. Earning money from business running with interest. 3. Going for Umrah or Hajj every year while involved in interest.
My father owns 2 businesses, business A being his main business and B being his second. Both run independently, one can servive without the other.…
Mufti Mouhammad Yassine Ibn Ibrahim Ibn Ismael… - Ask Imaam13 Jul 2011
If My father closes his business and does not pay the loans/debts which he took and inform everyone that he lost everything, as a son, am I obliged to pay off his loans/debts?
My father is a business man. Few years back, a person cheated him and he incurred heavy loss. After that, there was no business and in order to run…
Muftī Ebrahim Desai - Ask Imaam4 Jul 2011
I live in Newyork and i would like to know if i can borrow loan from a bank to buy house ?
I live in Newyork and i would like to know if i can borrow loan from a bank to buy house as you know bank will engage me in interest (riba)…
Muftī Ebrahim Desai - Ask Imaam25 Jun 2011
My father used to work in government organization. People used to give him bribe. He also took loan from a private bank. I want to know what to do with the house and the rent from it which he built?
My father used to work in government organization. People used to give him bribe (few of the cases without asking). He took loan from a private bank…
Mufti Ishaaq E. Moosa - Ask Imaam16 Apr 2011
Could you please let me know that if a bank offers 0% interest loan on any home appliances with istallment wise system is fine for me to use that loan or not.
Could you please let me know that if a bank offers 0% interest loan on any home appliances with istallment wise system is fine for me to use that…
Muftī Ebrahim Desai - Ask Imaam30 Sep 2010
Q no1: mera udhar ka karobar hai mujh pe zakat bunti hai. ( Do I have to give zakat on my loaning business? ) Q no1: (najeeb ullah) naam sahi hai ya (nazif ullah). ( Is najeebullah a good name? How about Nazif ulla?)
Q no1: mera udhar ka karobar hai mujh pe zakat bunti hai. ( Do I have to give zakat on my loaning business? ) Q no1: (najeeb ullah) naam sahi hai ya…
Ml. Abdur Rahman Shareef - Ask Imaam17 May 2010
Can I purchase a land from the heirs of a person who (died) was giving loans on interest basis, I afraid that this land might have
Can I purchase a land from the heirs of a person who (died) was giving loans on interest basis, I afraid that this land might have acquired from the…
Ml. Abdur Rahman Shareef - Ask Imaam12 May 2010
I am writing from Kamloops, BC, Canada and would like to know whether taking a bank loan to expand a mosque is permissible. We have recently established a mosque in a small house which is built on an acre land. With the help of Allah (SWT), our mosque is
I am writing from Kamloops, BC, Canada and would like to know whether taking a bank loan to expand a mosque is permissible. We have recently…
Ml. Ebrahim Desai - Ask Imaam23 Apr 2010
Many banks in pakistan offer loan without interest for HAJ. Is this allow in Islam to take loan from bak without interest and give some of the % before and rest in installemnet after HAJ. If no then why Banks like meezan , dubai islamic offering it.
Many banks in pakistan offer loan without interest for HAJ. Is this allow in Islam to take loan from bak without interest and give some of the %…
Ml. Abduz Zaman - Ask Imaam13 Mar 2010
When does riba became nessicity because people are saying "oh if i don't have a lot of money to pay for my school i can take loan with riba". they say its nessicity or must. what is the ruling on this?
When does riba became nessicity because people are saying "oh if i don't have a lot of money to pay for my school i can take loan with riba". they…
Mufti Abrar Mirza - Ask Imaam12 Oct 2009
I had to inevitably take a 4 yr Bank Loan to find an accomodation in my home town. I am also working at a Software Company. My question is, since I am already paying high...
I had to inevitably take a 4 yr Bank Loan to find an accomodation in my home town. I am also working at a Software Company. My question is, since I…
Ml. Ismail Moosa - Ask Imaam21 Aug 2009
Medical student needs a loan from the bank
I hope this short note finds you and your loved ones in good health and Islamic spirit. Sheikh, I would like to know the answer from you and below…
- Ask Imaam10 Aug 2009
I have bought a second home a few years back using a normal riba based loan, therefore paying the bank huge sums of interest every month. I want to follow the right path now..
Dear Respected Ulema I have bought a second home a few years back using a normal riba based loan, therefore paying the bank huge sums of interest…
Ml. Abrar Mirza - Ask Imaam24 Jun 2009
1. I have US $17,000 in Credit Card debts for which I have been paying minimum monthly repayments which are interest based. ... 2. I had made an intention of naming our new born child, if a boy, by the name of first caliph (R.A) of Islam, ... 3. i am involved with the work of Tableegh over here for the past 3 years or so. Nowadays i am in some sort of confusion as i am more worried about the
Jazakallah Khair for all the amazing work you and your organization has been doing for all the Muslims throughout the world. I am personally…
Ml. Ishaq E. Moosa - Ask Imaam26 Mar 2009
I borrowed monet to do my shop and i cant pay it off. Am i Zakaatable?
1- My conditiion ,,,, i have a shop, I borrowed alot of money from a friend of mine to buy the stuff for the store. Therefore,, i am in debt. and…
Ml. Asif Umar
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.