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 16 of 18
- Ask Imaam22 Feb 2009
What is the ruling of taking a loan from the bank?
What is the ruling of taking a loan from the bank?
Ml. Ebrahim Desai - Ask Imaam14 Feb 2009
Five years ago, I (lender) loaned my brother in law (debtor) a large sum of money. Recently, while learning about debts, and the serious consequences of having debt, I decided to request from my brother in law...
Five years ago, I (lender) loaned my brother in law (debtor) a large sum of money. Recently, while learning about debts, and the serious…
Mufti Ebrahim Desai - Ask Imaam19 Nov 2008
I only found out student loans are Haraam after taking the loan
i know that student loans are haram because you have to give interest even if it is at the rate of inflation it is still haram. But i only found out…
- Ask Imaam21 Oct 2008
Debt collection agency
sallam i would like to know if its is permisble to work for a debt collection agency.where debt is bought from another company eg £5000 pound debt…
Ml. Asif Umar - Ask Imaam21 Aug 2008
Zaid is living in Albany. State of New York in U.S.A. He has taken a loan of 187,000 USD from Bank of America and taken a house on mortgage.
Zaid is living in Albany. State of New York in U.S.A. He has taken a loan of 187,000 USD from Bank of America and taken a house on mortgage. The…
Ml. Ehzaz Ajmeri - Ask Imaam5 Aug 2008
I have about $10,000 worth of net debt. Can my father give me some of his interest money.
I have about $10,000 worth of net debt. Can my father give me some of his interest money.
Ml. Ehzaz Ajmeri - Ask Imaam14 Jul 2008
The payment on the car loan involves interest
A person took out a loan from a bank to buy a car. The payment on the loan involves interest. After a couple of months the person wants to change…
- Ask Imaam11 Jun 2008
Some one suggested me declare bankruptcy and it is legal in and do not borrow money or pay interest in future. And ask ALLAH to forgive you
Brother I have written you a few times about the same question, please help me about this problem. we are living in and have little family with two…
Mufti Ebrahim Desai - Ask Imaam20 May 2008
Taking a loan on interest
I made one big blunder 2 years back. my brother had taken a car on loan, knowing fully well that the amount which he has to pay back to bank will…
Ml. Ishaq E. Moosa - Ask Imaam17 Mar 2008
I wanted to know, it is permissible for me to borrow or lend money to my brother?
My brother works for a bank. Occasionally, we lend and borrow money from each other and later on give it back. I wanted to know, it is permissible…
Ml. Asif Umar - Ask Imaam14 Mar 2008
I gave 60,000 rupeese to my father in law as debt so he can get rid of bank loan. now i know that he is unable to pay back my money.
I gave 60,000 rupeese to my father in law as debt so he can get rid of bank loan. now i know that he is unable to pay back my money. and I'm not…
Mufti Ebrahim Desai - Ask Imaam9 Mar 2008
I gave a loan when i got engaged
I gave a loan of a large sum of money to my fiance before we beacme engaged. Personally I am not in a rush to ask for it back until I need it,…
Mufti Ebrahim Desai - Ask Imaam23 Feb 2008
I wanted to know if someone is taking a student loan (with interest on it) and there is some extra left, can he use that money to buy a grave for himself?
I wanted to know if someone is taking a student loan (with interest on it) and there is some extra left, can he use that money to buy a grave for…
- Ask Imaam28 Jan 2008
Will the inflation rate be taken into consideration when paying of the loan?
We live in Sydney, Australia, and my wife wants to pursue higher studies in Medicine, for which the government offers an interest-free loan, but…
Ml. Ehzaz Ajmeri - Ask Imaam25 Jan 2008
I am working with a company in Middle East which is under construction. Currently all the payments including our salaries are made through Banking loans (interest based).
I am working with a company in Middle East which is under construction. Currently all the payments including our salaries are made through Banking…
Ml. Ishaq E. Moosa - Ask Imaam11 Dec 2007
I want to know about interest . I know interest is haram but if any one takes loan on interest and build a home
I want to know about interest . I know interest is haram but if any one takes loan on interest and build a home and then suddenly too many problems…
- Ask Imaam6 Dec 2007
I am currently in the process of purchasing a property in the UK, the loan has been approved. ...Secondly I have other savings in shares
I am currently in the process of purchasing a property in the UK, the loan has been approved. I have savings, which will be used for the deposit. Do…
Mufti Ebrahim Desai - Ask Imaam26 Aug 2007
Can i take an interest loan to purchase a house?
I live in New Zealand.The Tax rate is high and the retirement income is very low.So citizens ensure their future by buying houses.And of course they…
Mufti Ebrahim Desai - Ask Imaam1 Jun 2007
I had taken a loan amount of Rs. 350,000/- from an individual for construction of our home. My home value in local market is about Rs. 800,000/-
I had taken a loan amount of Rs. 350,000/- from an individual for construction of our home. My home value in local market is about Rs. 800,000/- Now…
Ml. Ehzaz Ajmeri - Ask Imaam1 Jun 2007
I had taken a loan amount of Rs. 350,000/- from an individual for construction of our home. My home value in local market is about Rs. 800,000/-
I had taken a loan amount of Rs. 350,000/- from an individual for construction of our home. My home value in local market is about Rs. 800,000/- Now…
Ml. Ehzaz Ajmeri - Ask Imaam25 May 2007
I had hoped to obtain a loan from a prominent
I want to buy a house and the only way I can do so is to take a loan. Please advise me which instituition / bank / finance house etc. in KZN or…
- Ask Imaam10 Feb 2007
A friend of mine told me that it is harram for him to let me pay the debt around the house..
My husband is self employed,The business is doing okay,not excellent,but good enough to provide for our family.I earn a good salary and pays some of…
Mufti Ebrahim Desai - Ask Imaam21 Nov 2006
am going to ‘borrow money’ from an institution. It’s not a syar’i insitution, but we are trying ot make it syari. I am borrowing the money to buy some materials in order to renovate and extend my house. The institution is providing me with some money in order for me to buy some material... but the actual contract will be as :
Assalamu’alaikum wr. Wb. Respected mufti shahib FIRST QUESTION : I am going to ‘borrow money’ from an institution. It’s not a syar’i insitution, but…
- Ask Imaam3 Nov 2006
I need a loan of about R200 000 to extend my home. I have four children who are growing up and need their own space,
As salaamu Alaikum Dear Mufti Saheb I need a loan of about R200 000 to extend my home. I have four children who are growing up and need their own…
Mufti Ebrahim Desai - Ask Imaam11 Oct 2006
Mufti Saab my question is as follows. My parents recently bought a house. In order for it to be done in the Halal way they borrowed money from their children and other family members with their permission as opposed to the bank
Assalamwalakum, Mufti Saab my question is as follows. My parents recently bought a house. In order for it to be done in the Halal way they borrowed…
Mufti Ebrahim Desai - Ask Imaam5 Sep 2006
Is it Halaal to take a loan from Saudi Arabian bank
Is it Halaal to take a loan from Saudi Arabian bank 1. Assalam Alikum, Is it Halaal to take a loan from Saudi Arabian bank as they claim the loan…
Mufti Ebrahim Desai - Ask Imaam17 Jul 2006
want to intend to borrow some amount from provident fund and will return in monthly installments with some mark up. Is it permissible for me to take such loan and pay mark up ?
I am a salaried person working with a private company. I contributed 10 % of basic salary in provident fund and same amount is matched by the…
Muhammed Zakariyya Desai - Ask Imaam14 Jul 2006
I would like to know if its permissible for me to borrow interest money to my brother. his business liquidated. I have cashflow problems. so can i use interst money?
I would like to know if its permissible for me to borrow interest money to my brother. his business liquidated. I have cashflow problems. so can i…
Muhammed Zakariyya Desai - Ask Imaam31 May 2006
Is it permissible to take interest-based loans for studies (student-loans)?
Is it permissible to take interest-based loans for studies (student-loans)? A Muslim brother whom I know asked if it is a sin for him to study in…
Mufti Ebrahim Desai - Ask Imaam1 May 2006
can I take a Home Loan? Will Shariah allow to take a Loan on interest in this kind of circumstances?
I am a Computer Engineer from India. I pay around Rs. 3000 per month to Govt. as an Income Tax on my salary. I have not taken any LIC policy or…
Mufti Muhammad Kadwa - Ask Imaam27 Apr 2006
works in a Foreign Bank. His job is to call various people and ask them to take loan from the bank on interest.
My brother-in-law works in a Foreign Bank. His job is to call various people and ask them to take loan from the bank on interest. He gets a fixed…
Mufti Ebrahim Desai - Ask Imaam17 Apr 2006
is it permisssible to invest in this business since it involves bank loan?
The bank is going to provide a loan that has to be repaid in about 5 years. What I mean by my friend being short of 50% is that for example, if the…
Mufti Ebrahim Desai - Ask Imaam17 Mar 2006
Fatwa # 14025 - if the army option is not available, and the only option available is to take the student loan from the bank, where the bank charges only interest during the period of studying
Please clearly explain what you mean in the Fatwa # 14025 , 3rd option? Aslo, if the army option is not available, and the only option available is…
Mufti Ebrahim Desai - Ask Imaam11 Mar 2006
We have given a big loan to our maternal uncle. He is a big cheat, since more than one year he has not returned the amount despite our requests. My mom being a haji, can she lie to him for taking back that amount
1) We have given a big loan to our maternal uncle. He is a big cheat, since more than one year he has not returned the amount despite our requests.…
Mufti Ebrahim Desai - Ask Imaam11 Mar 2006
to go to Medical School however it costs a lot more than I can afford. I will have to take out loans for that and there are no interest free loans available
My question is about student loans. Inshallah I am planning to go to Medical School however it costs a lot more than I can afford. I will have to…
Muhammed Zakariyya Desai - Ask Imaam12 Dec 2005
I have approached the bank and explained that I want to buy a house with a loan from them that complies with Islamic Law and Principles. I have asked that they buy the house for me, and agree to re-sell to me with an agreed profit,
First, I would like to thank you for answering all our questions. Here in Australia, we rely heavily on your fatwas and answers to questions, as we…
Mufti Ebrahim Desai - Ask Imaam7 Dec 2005
buy a house in india. loan should be payed back to bank with interest . so my question is that ke is it halaal to take loan and build a house ,?
my husband works in U.A.E and he wants to take loan there and buy a house in india. loan should be payed back to bank with interest . so my question…
Mufti Ebrahim Desai - Ask Imaam10 Oct 2005
I am in debt, aware that I may be evicted soon, and uncertain of how I will continue, in any weeks henceforward
I am in debt, aware that I may be evicted soon, and uncertain of how I will continue, in any weeks henceforward. I want, primarly, for wage-work.…
Mufti Ebrahim Desai - Ask Imaam29 Sep 2005
I have approached the bank and explained that I want to buy a house with a loan from them that complies with Islamic Law and Principles.
First, I would like to thank you for answering all our questions. Here in Australia, we rely heavily on your fatwas and answers to questions, as we…
Muhammed Zakariyya Desai - Ask Imaam20 Sep 2005
1) Could you advise me as to whether it is required of me to pay this student loan before i go to hajj or umrah with my parents or future partner?
Could you please advice me on this matter. Im a student and have taken out a student loan. 1) Could you advise me as to whether it is required of me…
Mufti Ebrahim Desai
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.