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 3 of 18
- MJC14 Sep 2023
How to deal with Education and Car loans
My advice regarding your debt is as follows: If you have the financial means to settle your debt, it is advisable to prioritize paying off the debt…
Mufti Abdurragmaan Khan - Mufti Online11 Sep 2023
Repaying a loan in a foreign currency
Zaid is in Dubai. Aslam, from Pakistan, is in need of some loan. Zaid does not have a foreign currency account in Pakistan, so when Zaid transfers…
Mufti Zakaria Makada - Mufti Online7 Aug 2023
Loaning someone money and asking for a profit in return
Is it permissible for me to lend someone money as a personal and ask for a profit in return. (The money will be used for business - I am not asking…
Mufti Zakaria Makada - Mufti Online7 Aug 2023
Repaying a loan in a foreign currency
My brother is living in Saudi Arabia and I want to purchase a house in Pakistan. For that I need a loan from my brother of 75000 PKR per month from…
Mufti Zakaria Makada - Mufti Online29 Jul 2023
Assisting someone who seeks help to settle his loan with the bank with interest money
Kindly advise if it is permissable to give money which was earned through interest to another person who seeks help to settle his loan with the bank?
Mufti Zakaria Makada - Mufti Online23 Jul 2023
Amount to pay back when paying back a loan in a different currency
My father borrows money from one of his friend in Pakistani rupees 2 Lac which was approximately 1235$ but at that time I was not in a condition to…
Mufti Zakaria Makada - Ibn Masood17 Jul 2023
Settling an outstanding debt
Some time ago, I ran a business which subsequently closed down. At the time, I owed some wholesalers money but I was unable to pay them. Recently, I…
Mufti Mohammed Desai - Ask Imaam15 Jul 2023
A deceased has debts outstanding - Who is responsible for his debts (if anybody)?
As Salaamu Alaikum A deceased has debts outstanding but apparently has very little or no assets. He has 3 sons 1 daughter and wife. Who is…
Abu ‘Umar Muhammad bin Zayn Patel - Mufti Online17 Jun 2023
Repaying the loan with an extra amount
What is the ruling in Islam if a person borrowed money from a friend for a set time period and willingly wants to return the money with some extra…
Mufti Zakaria Makada - Mufti Online4 Jun 2023
Permissible method of purchasing a car from the bank
If one buys a car using the following method will it be permissible: ABC person tells the bank to purchase the car from a dealer. A purchase & sale…
Mufti Zakaria Makada - Jamiat KZN10 May 2023
Demanding extra for an old debt due to inflation
I wanted to enquire regarding a debt that was owed from the past. My family and I recently found out that we have an amount that is owing to a…
Mufti Moosa Salie - Ibn Masood23 Feb 2023
Selling ‘Bad debts’
I used my credit card and unfortunately, was unable to repay. I have now incurred interest and legal fees etc. I have the money to repay it, but my…
Mufti Mohammed Desai - Mufti Online5 Feb 2023
Paying back the same amount one loaned in a foreign currency even thought the value is more
I took a loan of 8000€ 7 years ago from a couple of close family members for going abroad for education. At that time the Euro to PKR rate was…
Mufti Zakaria Makada - Ask Imaam2 Feb 2023
Should I keep my earnings below the minimum threshold in order for my interest-bearing loan to be waved off?
Asalamu alaykum My inquiry is regarding students loan. Unfortunately i took out a student loan whilst at university. Now i have come to realise that…
Abdullah Noorgat - Ask Imaam3 Jan 2023
Is it necessary to have witnesses present when paying a debt?
Is it necessary to have witnesses present when paying a debt?
Mohamed Ebrahim bin Ismail Abdullah - Mufti Online26 Dec 2022
Taking an interest bearing loan
I live in Europe and I need some money and there is no one to help me. The bank is ready to give me a loan but they want it back with interest. For…
Mufti Zakaria Makada - Ask Imaam10 Nov 2022
Is it necessary to have witnesses present when paying a debt?
Is it necessary to have witnesses present when paying a debt?
Mohamed Ebrahim bin Ismail Abdullah - Azaadville7 Nov 2022
Taking A Profit On Money Loaned
I loaned money to someone . I drew up a contract stipulating how much he should pay .me back every month. We agreed on 12 months. At the end of…
- Ibn Masood24 Oct 2022
Requesting debtor to gift funds
Someone owed me money but I already made the intention of forgiving his debt and hadn’t told him as yet. After a few months, he comes to me with the…
Mufti Mohammed Desai - Mufti Online12 Oct 2022
Difference between a person who takes out a mortgage and makes taubah and a person who didn't take out a mortgage at all
If someone gets a mortgage for a house and then does taubah, he still benefits by keeping the property and also being forgiven. How is this fair…
Mufti Ebrahim Salejee - Azaadville29 Aug 2022
Liability For A Loan Used To Build A Masjid
If Zaid has borrowed moneys from various people to buy a land on which to build a masjid (which land and structures become waqf), who becomes liable…
- Ask Imaam23 Aug 2022
Referring students to acquire student loans
As Salamalikum Wa Rahmatullah Mufti Saab, Hope you are doing good. I run one education management company and one aspect of my business include…
Hasan Ahmed Razzak - Mufti Online6 Aug 2022
Receiving haraam money as payment for a loan
A person gave a loan from his halaal money to someone with a mostly a halaal income. Later, the person who the money was lent to took a new job in…
Mufti Zakaria Makada - Mufti Online28 Jul 2022
Friend taking an interest-bearing loan from a bank on one's behalf
I want to take an interest loan from a bank through a friend since the bank would only be willing to lend it to my friend and not myself because of…
Mufti Zakaria Makada - Azaadville12 Jul 2022
Children Not Being Responsible for Their Parent’s Debts
Are sons and daughters responsible for the debts of their parents who pass away leaving behind no money or assets?
- Mufti Online22 Jun 2022
Making taubah for taking an interest loan
If a person, who in ignorance, took out an interest loan, thereafter realized his sin, made sincere taubah and made a promise to Allah never to take…
Mufti Zakaria Makada - Mufti Online21 Jun 2022
Reward of loaning wealth to a Muslim to fulfill his needs
As we always learnt that we should always keep in mind the virtues of actions in front of us whilst doing a good action and keep on checking our…
Mufti Ebrahim Salejee - Mufti Online9 Jun 2022
Taking an interest bearing loan to save oneself from paying tax
A person deals mostly in cash and does not deposit in the bank in order to avoid showing too much income and paying exorbitant amounts of tax to the…
Mufti Ebrahim Salejee - Ibn Masood9 Jun 2022
Profits accrued from a bank loan
Yusuf purchases a building and thereafter, he sells it. He buys the building for R300 000. He gets R200 000 from the bank, which is basically…
Mufti Mohammed Desai - Azaadville9 Jun 2022
Selling A Business Which Has Outstanding And Receivable Debts
Zaid sold a business to Amar including whatever he owed someone and whatever anyone owed him. He said that Amar should pay the debts and whoever was…
- Azaadville20 May 2022
Inflation-Adjusted Loans
I am a student in ______, and have recently finished my Higher School Certificate. I have come across the notion that student loans are not…
- Ibn Masood11 May 2022
Profit accrued from sale of a property purchased through an interest bearing loan
If someone buys a property or business on the basis of interest, will the increased value of the property/business also be Haraam? For example, a…
Mufti Mohammed Desai - Azaadville9 May 2022
Tuition Fee Loan Via The Government
I want to start my degree but in order to start it I have to take out a tuition fee loan to cover the cost of the degree course. What happens is…
- Azaadville23 Apr 2022
Multiple People Standing Guarantee (Kafeel) For A Debt
A few of us stood guarantee for a cousin who owed a third party money. The third party has not come to claim from us. If the debt is not paid are we…
- Azaadville7 Apr 2022
Repayment Of A Loan In A Different Currency
Zaid is a South African employed in Saudi Arabia. He requests a loan of R50 000.00 from Hafeez with an agreement to repay the loan within six to…
- Ibn Masood30 Mar 2022
Financing through FNB Islamic home loan
Is it permissible to take a home loan from FNB Islamic home loan?
Mufti Mohammed Desai - Ibn Masood10 Mar 2022
Borrowing partner’s portion of land for cultivating crops
Two people own a piece of land which is in joint partnership. One partner decides to cultivate the land and sell the produce (with the permission of…
Mufti Mohammed Desai - Mufti Online20 Feb 2022
Bank charging a processing fee when giving a loan
I want to buy a computer for 8000 aed by credit card. My bank is offering 0 percent interest installments for that. But they are charging me a one…
Mufti Ebrahim Salejee - Mufti Online5 Feb 2022
Car dealership helping the customer acquire a credit facility with interest
Is it permissible to own a car dealership whereby you sell cars to customers borrowing money from the bank and are paying interest? From my…
Mufti Ebrahim Salejee - Mufti Online29 Dec 2021
Being a witness to signing for a home loan bond
I was traveling with a co-worker who stopped at the attorney offices and asked me to come inside with her. When I went inside I was asked to be a…
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.