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 5 of 18
- Mufti Online15 Jan 2020
Vehicle and Property Financing
Is it permissible for one to purchase a vehicle or property through the bank? At times, the bank instalments are fixed, and at times, it fluctuates.…
Mufti Zakaria Makada - Mufti Online22 Dec 2019
Applying for a bursary
I am a post graduate student. My question is regarding a scholarship which I applied for and wanted to ask if it is ok for me to take. I am…
Mufti Ebrahim Salejee - Ask Imaam21 Nov 2019
Can I take profit from loaned money?
Hope you are well and in good health Kindly advise if the ffw transaction is valid 2 partners in the same bussiness decide to loan the bussiness eg…
Mirza-Zain Ibn Ameer Baig - Ask Imaam14 Nov 2019
Can I take a loan on my 401K Investment?
Assalam Alikum I would like to know is it permitted to take loan on my 401K investment. I have chosen my 401K investments in mutual funds which…
Mahmood Suliman - Ask Imaam8 Nov 2019
We have a system that makes 40 % of the loan into a scholarship. Will i fall in interest?
As Salamu Aleikum Sheikh I was just wondering about something related to student loans. In Norway we have a system that makes 40% of the loan into a…
Akhyar Uddin - Mufti Online28 Oct 2019
Charging a loan process amount
When giving a loan without interest, we charge a loan process amount. Is this haraam or not?
Mufti Ebrahim Salejee - Mufti Online14 Oct 2019
Friend financially assisting one to purchase a house
I had rented a house and thereafter negotiated with the landlord to purchase the house. As I did not have the funds to purchase the house, my friend…
Mufti Ebrahim Salejee - Mufti Online8 Oct 2019
Rich person applying for a government scholarship
Can a rich Muslim apply for minority scholarship given by government for higher education?
Mufti Ebrahim Salejee - Mufti Online3 Oct 2019
Settling one's father's debts after his demise
My dad died on 10th September due to cancer. After his death, many people came with bills that he had debts. I am his only daughter so how can I pay…
Mufti Ebrahim Salejee - Mufti Online28 Sep 2019
Paying back a loan in a different currency
A person asks his friend for PKR. 100,000 in 2007 and his friend gave him 1,700 dollars as value of USD was almost 59 in 2007 in Pakistan. Now in…
Mufti Ebrahim Salejee - Mufti Online25 Sep 2019
Being considerate to one's debtor
I have loaned a fellow Muslim money. She has disputed paying the total with no valid reason. She has mailed me to say that she is willing to pay…
Mufti Ebrahim Salejee - Mufti Online19 Sep 2019
Refusing to settle one's debt
My brother took a loan from me for 2-3 days by telling me that he needs the money urgently and he had sold his shop and would get money in 2-3 days…
Mufti Ebrahim Salejee - Mufti Online9 Sep 2019
Borrowing goods from someone for the purpose of selling
Is it permissible for a person to borrow goods from someone for the purpose of selling, and when he receives similar goods, he will replace the goods?
Mufti Zakaria Makada - Mufti Online8 Sep 2019
Paying back an interest loan or delaying it until it is written off
My question is about the UK student loans. I took out the loan to go to university not knowing back then that it was haraam. The UK student finance…
Mufti Zakaria Makada - Mufti Online7 Sep 2019
Using store loyalty points to pay off a debt
I owe money to a person. In lieu of direct payment, I occasionally do some shopping on the creditor's behalf and thus reduce the amount I owe. What…
Mufti Ebrahim Salejee - Ask Imaam6 Sep 2019
Zakat on loan
I have to pay laon total amount of 14000 Australain dollars to bank . it was used through credit cards do i need to pay zakat if i am owing laon to…
Ahmed-Ur-Rahmaan Ibn Mufti Mohammed Patel - Mufti Online3 Sep 2019
Forgetting if one took loans from people
I am worried that I may have obtained some loans from different people. These loans may range from 1 rupee to 1000 rupees which is not much money. I…
Mufti Zakaria Makada - Mufti Online3 Sep 2019
Forgetting to pay a small amount of money to the seller
Ali is buying something from Ahmed. Ali has 100 rupees and pays 100 rupees but the actual price is 105 rupees. Ahmed says, "okay, next time". Now,…
Mufti Zakaria Makada - Mufti Online27 Aug 2019
Is maintaining a friendship after taking a loan interest?
A person agreed with another person to lend some money and in exchange they will continue their friendship relationship. They have been friends for…
Mufti Ebrahim Salejee - Mufti Online26 Aug 2019
Giving a gift to one's creditor after paying back a loan
For the creditor to accept extra gifts from the debtor is impermissible due to it being riba. When the debtor pays his loan back in full, and at the…
Mufti Zakaria Makada - Mufti Online28 Jul 2019
Assisting someone pay off an interest bearing loan
My father bought a house through the bank on an interest bearing bond. He got into financial difficulty and needs my help to repay the loan. If I…
Mufti Ebrahim Salejee - Mufti Online20 Jun 2019
Paying back a loan in a different currency
I gave a loan of 200 dollars to my friend a few years ago. I had these dollars from my aunt who gave them to me to deposit in my bank account. Now…
Mufti Ebrahim Salejee - Mufti Online18 Jun 2019
Currency depreciating when paying back a loan
If I borrow Rs 10 lac from someone and return the same amount after 10 years, the value of the money will not be same and interest is haraam so what…
Mufti Ebrahim Salejee - Mufti Online17 Jun 2019
Purchasing a house through taking a loan on interest
We live in a country, where it is impossible to buy a house on a full amount, it is more expensive than Europe. My husband is religious and wonts…
Mufti Zakaria Makada - Mufti Online15 Jun 2019
Taking an interest bearing loan to purchase a house
I want to buy a house under the right to buy scheme but cannot get a halal mortgage. I have found no Islamic bank that offers a halal mortgage for…
Mufti Zakaria Makada - Mufti Online4 Apr 2019
Taking a loan on interest to purchase a car
When we take a car on loan from a bank and we pay extra money which is above the car price, is it permissible?
Mufti Zakaria Makada - Ask Imaam2 Apr 2019
I am in debt, can I gamble ?
Asalamualikum I am from a middle class family, my father took loans from bank to provide Higher class education, after completing our education we…
Muhammad I.V Patel - Ask Imaam1 Apr 2019
Taking an interest bearing loan due to constrained circumstances
Asalamu alaikum, im aware that interest (riba) is haram but what if your situation is really difficult and the bank is offering a loan with a very…
Aboobakr Siddeeq bin Mufti Amjad Mohammad - Mufti Online17 Mar 2019
Entering into a partnership with a person whose capital will be from an interest bearing loan
My brother wants to enter into a partnership business with another person whose initial investment in business is taken from an interest bearing…
Mufti Ebrahim Salejee - Ask Imaam12 Mar 2019
Delaying in returning a debt
Someone owes me a very large amount of money. I would like to know what would be approriate with regards trying to get the money returned. Due to…
Muajul I. Chowdhury - Mufti Online11 Mar 2019
Taking out a student loan
I am trying my best not to apply for a student loan but keeping up with my payments has become so difficult and it has come to a point where…
Mufti Ebrahim Salejee - Mufti Online4 Mar 2019Roman Urdu
Bank se qardh lena
Kiya me bank se loan le sakta hu apni wife ko Dubai me rakhne ke liye kyu ke 5 saal ho gayi aur hamara koi bacha nahi he kyun ke hum waqt saath nahi…
Mufti Ebrahim Salejee - Mufti Online3 Mar 2019
Bank finance
1. Will it be permissible if one purchases a car by applying to the bank by depositing a certain amount of money and handing over through a…
Mufti Zakaria Makada - Mufti Online27 Feb 2019
Getting paid back for a loan with haraam money
A brother had $1000 (halaal money) and he lent one of his relatives. On him receiving the money back, he learnt that the money comes from haraam…
Mufti Ebrahim Salejee - Mufti Online24 Feb 2019
Purchasing a property on an interest bearing loan
My father bought an agricultural land almost 19 years ago, measuring 110 acres. My father is an advocate by profession and at the time of purchasing…
Mufti Ebrahim Salejee - Mufti Online11 Feb 2019
Working for an organization that gives loans for building houses
Is it permissible to work in an organization which gives loans for building houses?
Mufti Ebrahim Salejee - Mufti Online11 Feb 2019
Taking an interest bearing loan to pay off another person's debts
Can I take a loan on interest from a bank to pay off my friends debts in order to save him from going to jail?
Mufti Zakaria Makada - Mufti Online11 Feb 2019
Asking for repayment of a loan before the due date
One of my friends required a loan of R500 000. I loaned him this amount, and our mutual agreement was that he would repay me after one year.…
Mufti Zakaria Makada - Mufti Online10 Feb 2019
Receiving a gift when being paid back a loan
I loaned a certain person an amount of R10 000 to be repaid after one year. When one year elapsed, the person repaid my loan and also presented a…
Mufti Ebrahim Salejee - Mufti Online7 Feb 2019
Indexation
Is indexation considered as riba? There are 2 methods to go to university 1. Paying upfront 2. Student loan (i know this is haram already but i just…
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.