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 18 of 18
- Ask Imaam9 Jun 2001
Is it allowed to take loan from the bank with interest?
Due to my family getting increase, my home is becoming conjusted and difficult to stay. I have two elder brothers both have got married and having…
Mufti Ebrahim Desai - Ask Imaam22 May 2001
Taking interest bearing loan.
Assalamu alaikum,. I have researched this dilemma on the internet and have yet to come to an understanding. Some say it is permissible to a degree…
Mufti Ebrahim Desai - Ask Imaam15 Apr 2001
What is the dua we can read to relieve one of your debts?
Hadhrat Muaz bin Jabal (Radhiallaahu Ánhu) narrates that once Rasulullah (Sallallaahu Álayhi Wasallam) did not see him for the Jumu'ah Salaat. When…
- Ask Imaam11 Apr 2001
When purchasing a product,is it permissible to accept a loan from a third party at a value higher that the principle amount ?
Asaw, Respected Mufti saheb, my question is best explained by an example.Person A Wishes to buy a vehicle from B for R100,000, but he does not have…
Mufti Ebrahim Desai - Ask Imaam7 Apr 2001
Is it necessary to repay student loans if one is not contractually obliged to repay? Is the husband responsible for the wife's debts?
My fiancee took out student loans from the Government during the time she was studying. These are ostensibly interest-free, but are actually…
Mufti Ebrahim Desai - Ask Imaam7 Apr 2001
Can I take a Loan from a bank if I intent to pay the interest using the interest that the same bank gives me on my account?
Dear Mufti; I have read that you gave fatwah that the interest on a bank account could be used to offset the interest on a loan from the same bank;…
Mufti Ebrahim Desai - Ask Imaam9 Feb 2001
Is it permissible to work for a micro-finance regulatory body.The work involves approving micro lenders whose business is to loan money and charge interest.
I am working for the Micro finance regulatory council.The aim of the council is to regulate the micro lenders.My work involves accrediting these…
Mufti Ebrahim Desai - Ask Imaam13 Dec 2000
I borrowed someone money to a house.They have not paid me back. What is my Islamic right?
I borrowed a friend money to buy a house with no interest.(Amount of 220 000. repayment amount of 2000 with 15% increase of the payment amount…
Mufti E. Desai - Ask Imaam17 Nov 2000
If a person wins money by gambling(millions) can he use that money? Can he use it to pay his debts or invest it in the bank and use the interest money to pay his debts?
Gambling is strictly prohibited (haraam). The income from gambling is also haraam. Was salaam Mufti Ebrahim Desai FATWA DEPT
Mufti Ebrahim Desai - Ask Imaam19 Sep 2000
Money is borrowed for business investment. No fixed time for repayment is made. Payback an X amount per week for as long as capital sum not paid is the condition as profit. Is this allowed in Islam.
Amount borrowed R42000. Pay R500 per week as "PROFIT". Time when money to be paid back not set. Can Muslims enter into transactions like this? (R =…
Mufti Ebrahim Desai - Ask Imaam15 Sep 2000
Is paying interest on federal government loan for buying house Halal, with the intention of legally saving excessive federal income tax?
The federal government charges 16-40% income-tax on gross income every year. However if I take loan from the federal government money for buying a…
Mufti Ebrahim Desai - Ask Imaam4 Sep 2000
Is it halal or haram to borrow money from the bank on interest in order to purchase a house or a property ?
To take a loan on interest is strictly prohibited in Shari'ah. The negative consequences of such a loan could be worse than the present grief and…
Mufti Ebrahim Desai - Ask Imaam27 Aug 2000
Business liquidating but still has debts
What is the position of a business going into liquidation known to be owing many people monies, for stock purchased, and perhaps in a month or later…
Mufti Ebrahim Desai - Ask Imaam27 Aug 2000
If a person borrows money and repays the loan plus extra as fees with no time restrictions, is this still interest?
The extra amount on the loan will be interest. and Allah Ta'ala Knows Best Mufti Ebrahim Desai
Mufti Ebrahim Desai - Ask Imaam27 Aug 2000
I would like a comprehensive answer in regards to loans which incorporate Interest. I ask you to consider a fatwa given by the scholar Yusuf Al-Qaradawi.
In this fatwa, he states that it is permissable for a Muslim in a Western country to buy one house for living purposes using a bank loan. As this…
Mufti Ebrahim Desai - DU Zakariyya
I loaned someone money which would be paid back after 3 years. Do I have to pay Zakaat on it?
I loaned someone money which would be paid back after 3 years. Do I have to pay Zakaat on it?
- DU Zakariyya
If you have cash of R1 million in the bank account, but you owe R1 million on your house, can you set off the bank balance with the loan?
If you have cash of R1 million in the bank account, but you owe R1 million on your house, can you set off the bank balance with the loan? The reason…
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.