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 17 of 18
- Ask Imaam17 Sep 2005
murabaha transaction - Can the creditor take over the collecting of the rentals until the debt is repaid?
In a Murabaha transaction relating to the sale of fixed property (land and bulindings) is it permissible whithin the shariah: - 1. include "a…
E. Vawda - Ask Imaam9 Sep 2005
should the other party default payment in any way, any costs incurred by me in the subsequent recovery of the monies (eg legal fees, petties, etc.), will be added to the debtors account
Please advise on the following situation according to the shari'ah and islamic business practice.... Assuming that I have a contract drawn up with…
Mufti Ebrahim Desai - Ask Imaam2 Nov 2004
Can I still go for Hajj if I have debts?
Assalaamu alaikum, I'll be buying a car soon using my credit card (something cheap, R17,500). Insha-Allah, in December I'll be able to pay off…
Ml. Imraan Vawda - Ask Imaam23 Sep 2004
Which one of Lotto machine, credit card and bank loan is worse in Islam?
According to our understanding of your query, you enquire about gambling through a lotto machine and interest through a credit card or bank loan. If…
Mufti Ebrahim Desai - Ask Imaam20 Sep 2004
Are student loans in the United Kingdom permissible?
Are student loans in the United Kingdom permissible? The loan works around a concept called inflation. What this means is that, as the value of the…
Mufti Ebrahim Desai - Ask Imaam19 Jun 2004
Is it permissible to take a loan if no interest is charged, but a monthly fee of R10.00 is charged as Admin fees, for the duration of the loan?
It is not permissible. and Allah Ta'ala Knows Best Mufti Ebrahim Desai
Mufti Ebrahim Desai - Ask Imaam3 Jun 2004
Pls let me know whether taking loan permissible for 1. constructing house 2. purchasing a vehicle 3. inorder to expand the buisiness
Pls let me know whether taking loan permissible for 1. constructing house 2. purchasing a vehicle 3. inorder to expand the buisiness Also please let…
Mufti Ebrahim Desai - Ask Imaam3 Jun 2004
1) Does Al Tauba: 77 apply to me? 2) Am I out of Allah’s mercy? 3) What should I do to fix that? 4) With her intention not to pay the loan, would she be considered a thief?
Breaking a promise with Allah. Eight years age, due to my desire not doing minors jobs any longer I used the credits card to pay for all my living…
Mufti Muhammad Kadwa - Ask Imaam12 May 2004
Doing business with a partner who took loan on intrest?
I & want to start business in partner ship with a Muslim brother, both us don?t have the money needed to do so, hence we will invest together(me 40%…
Mufti Ebrahim Desai - Ask Imaam14 Apr 2004
I have to buy a home. there is a bank in pakistan which is offerring intrest free loans. details canbe seen on the website.http://www.meezanbank.com/
actuall they offer loan on the basis they'll share 80% of the price & if one want to pay in 60 installments the amount then be devided into 60 units…
Mufti Ebrahim Desai - Ask Imaam13 Apr 2004
Is loan with interest to construct a house, just to save the Income Tax is Halal ?
I am a Radiologist, and my earnings are in White money, just to save Income Tax, as I am in a Bracket of 35% [ yearly tax payable is > 7.2lakhs],…
Mufti Ebrahim Desai - Ask Imaam7 Apr 2004
Is it permissible to pay ones debts off with interest money ?
If a person is poor and needy and is eligible to accept Zakaat, he is also eligible to accept interest money. If such a person is given interest…
Mufti Ebrahim Desai - Ask Imaam15 Mar 2004
If I have to leave the country I’m residing in due to refusal of permanent visa, do I still have to pay my debts?
I have recently applied for permanent visa, and if my application is rejected I have to go back to my country of origin, where I will be earning 10…
Mufti Ebrahim Desai - Ask Imaam13 Dec 2003
Is this advisable for a Muslim single girl to go abroad to work for the repayment of debts?
Respected Mufti Sahib: I owe money to my bankers for credit cards and personal loans. Of course these are interest bearing. My present earnings are…
Mufti Ebrahim Desai - Ask Imaam4 Dec 2003
I am a university student and have taken out a loan to help me with my studies. Under what circumstances must I pay the loan back, the loan is taken from the kafir in their country (U.K)?
At the outset, we wish to point out that it is not permissible to take out an interest bearing loan. If you did take a loan, it is compulsory to…
Mufti Ebrahim Desai - Ask Imaam1 Dec 2003
I borrowed money from a bank, didn't know it is haram but can't pay it off, what can I do?
I hav few questions : 1- I borrowed some money £5500 from a bank about 7 months ago but i didn't know that it is haraam, what do I hav to do knowing…
Mufti Ebrahim Desai - Ask Imaam14 Oct 2003
Can you please tell me what’s the Islamic ruling on re-paying the “student loan with high interest” that was borrowed from Govt. of Canada specifically for educational purposes?
I have a very quick question for you. I am from Brampton-Canada and a recent graduate of Humber Institute of Technology and Advanced Learning,…
Mufti Ebrahim Desai - Ask Imaam29 Aug 2003
Should I go for hajj or help my parents pay off their debts when they continue to get more debt for luxuries?
Assalamu Alaikum, My father has large amount of debt that he is trying to pay off. I use the extra money I have to help my parents. Questions are:…
Mufti Ebrahim Desai - Ask Imaam29 Aug 2003
Is it permissible to buy a house using Al Barakah for financing.The "profit" is fixed and does not change in the course of the loan period. Is this acceptable ?
Is it permissible to buy a house using Al Barakah for financing. This is how their financing works. Assumming the house cost R400.000. The buyer…
Mufti Ebrahim Desai - Ask Imaam30 Jul 2003
Can you please list any Interest free Sharia compliant Loans or mortgage companies or institutions in the United States other than HSBC bank? Guidance Financial ??
Recently, my mother in law advice me to purchase a house and she would help me by providing me with a large down payment. I told her to be patient…
Ml. Imraan Vawda - Ask Imaam23 Jul 2003
Is it allowed to give loan to a person(without interest) to a person who has already taken a loan with interest
Assalamu alaikum Mifti saheb. My father-in-law recently took housing loan from a bank(on interest).Bank gave only Rs.3 lacks. The house he bought is…
Mufti Muhammad Kadwa - Ask Imaam19 Jun 2003
I would like to know about getting interest-bearing loans in order to attend Medical School or Law School. Is it permissible to obtain such loans?
There is no other way to finance my studies. I want to help the community by becoming a lawyer or doctor. My family is not blessed with a lot of…
Mufti Ebrahim Desai - Ask Imaam10 Apr 2003
I need to buy a car. Albaraka Bank's pre-Requisites I cannot meet as I do not have so much to put down as deposit. will it be permissible to take a bank loan on interest?
I only have a 10% deposit for a car that's R50000. Is there any one other bank that will assist me without interest besides Albaraka ?
Mufti Ebrahim Desai - Ask Imaam7 Apr 2003
What is damm refering to Umarah? 2) debts I acquired when I was kafir and some when I was Muslim, are the obligatory to pay? 3) What should I do if nonMahram kafir women want to talk about deen ..?
I have debts some I acquired when I was kaafir and some when I was Muslim, are the debts taken on when a person is kaafir and then reverts to Islam…
Mufti Muhammad Kadwa - Ask Imaam10 Feb 2003
If credit issuer has a clause in the agreement where they forgive the owed amount in case of death does that mean we do not have to pay that amount? If so can the same principles be applied to loan?
My brother in law recently died when he went back home for his wedding, he left behind a good amount of credit card debt and loan from government of…
for: Mufti Ebrahim Desai - Ask Imaam11 Nov 2002
Is it permissible for a muslim to work as a loan officer in a bank which is owned by non-muslims,the bank give loans which is payed back with certain interest.
Such employment in banks of this nature is prohibited. and Allah Ta'ala Knows Best Mufti Muhammad Kadwa FATWA DEPT.
Mufti Muhammad Kadwa - Ask Imaam23 Oct 2002
my father has taken loan from bank for my sisters marriage because we had no other alternative please tell me what dua should we offer to pay back the loan
Q: Kindly explain to us the benefits of Verses 26 - 27 of Surah Aale Imraan. A: It is narrated in Tabrani that once Rasulullah (Sallallaahu Alayhi…
Mufti Ebrahim Desai - Ask Imaam11 Sep 2002
Is it permissblible for me too request for a discount on my goods from asomeone who has borrowed money from me...?
A non-Muslim man has borrowed a sum of money from me. This sum is lying in his bank account, which he is using to accumulate interest. I also do…
Mufti Ebrahim Desai - Ask Imaam10 Sep 2002
Can the charges of debt collectors, be added to the actual amount that is being owed to me.
If an amount of let's say R100,00 is owed to me. I then hand over this debt, for collection to a debt collection agency, who will then charge me a…
Mufti Ebrahim Desai - Ask Imaam28 Jul 2002
My mother took a loan from me and now forgot about it,should i ask about my debt?
My mother couple of times took loan from me & forgot about it,i never ask about that,but she gave us money on some occasion and tell everyone that i…
Mufti Ebrahim Desai - Ask Imaam19 Jul 2002
ref. Q2577, please provide the source of the Hadith and the meaning of the Arabic Du’aa to become debt-free.
This Hadith has been recorded by Imaam Tabrani in his Mu'jamul Kabeer. (See Majmauz Zawaaid vol.10 pg.186). Imam Tabrani has also narrated this…
Moulana Muhammad ibn Moulana Haroon Abbassommar - Ask Imaam18 Jul 2002
What should I do with a flat which I bought with an interest-carrying home loan? Is it permissible to pay it off as quickly as possible or should I sell it immediately to rid myself of riba?
My wife and I bought the flat that we stay in using a bond from a bank. I have since learnt the great evil that riba is. What should I do now? Some…
Mufti Muhammad Kadwa - Ask Imaam20 Mar 2002
am i required to pay the debt i aquired before taking shihada???
The paying of a debt is not a pre-requisite for the acceptance of Shahaadah. You may pay the debt even after taking Shahaadah. and Allah Ta'ala…
Mufti Ebrahim Desai - Ask Imaam14 Jan 2002
Paying back interest loan (2 questions)... please see details
Dear Respected Mufti, Assalamu'alaikum wa rahmatullaahi wa barakaatuhu, Six years ago, when I first became Muslim, I took out a credit card and…
Mufti Ebrahim Desai - Ask Imaam6 Nov 2001
please help me in this matter. We had taken intrest loan and want to come out of it asap.and asking for repentance
Assak mufti saheb Pl. Answer my following questions Jazakallah khair 1. My family had taken loan with interest and now we came to know that there is…
Mufti Ebrahim Desai - Ask Imaam6 Nov 2001
Respected Mufti Sahib, Assallaamu Alaykum Wa Rahmatullaahi Wa Barakaatuhu It is permissible to get loan from LARIBA (USA)? Was Salaam Rizwan Khan a_rizwan_khan@hotmail.com
Following is brief description from there website: www.lariba.com OVERVIEW: Our home financing model is based on the concept of ?Lease-To-Purchase?…
Mufti Ebrahim Desai - Ask Imaam8 Oct 2001
ASA Mufti sb,Some close relative have borrowed money from me, on promise that they will return it.But they are not doing so.What is the islamic way of collecting money from borrowers.
There are two aspects to your query; a) Family ties, b) Having financial dealings (loans, etc.) with them. According to the Shari'ah, you have a…
Mufti Ebrahim Desai - Ask Imaam26 Sep 2001
If a person dies but he has been paying his debts.But he still owes some, does he still go to jinnah or does he remain out intill there payed.
Rasulullah (Sallallaahu Alayhi Wasallam) emphasised the rights of a creditor. He said, 'If a person has the means to pay but does not do so, that is…
Mufti Ebrahim Desai - Ask Imaam10 Aug 2001
Is repaying a loan at rate of inflation (i.e. index linked) halal or is that same as paying interest (riba)
I am going to university this year. The state has stopped giving out grants for students but do give a loan, which is interest free but is paid back…
Mufti Ebrahim Desai - Ask Imaam17 Jun 2001
Is filing (and then getting it approved, meaning dissolving of all debts) Bankruptcy allowed in the Sharia.
Dear Respected Mufti Sahab Assalaamu Alaikum Wa Rahmatullaahi Wa Barakatuhu This question is USA specific, here in the US one can declare bankruptcy…
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.