Bank

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Microfinance: Is it Islamically Permitted for a Financier to Demand a Fixed Return from the Borrower?

Shaykh Muhammad ibn AdamRead

Hidden Interest and Confusion

Shaykh Muhammad ibn AdamRead

Interest in Student Loans and Inflation

Shaykh Muhammad ibn AdamRead

I want to ask about this justification which I use based on understanding of some Ulema and majorly my own understanding, which I think could be wrong too, but if Ulema of Sunni Path concur then Insha ALLAH I will stick to it firmly, its about Riba and I want it to be clarified because Insha ALLAH I would be getting into Business field very soon. If a Bank gives you Service and takes a certain amount of money from you then would it be considered as Riba? Like for instance I am a Bank who says to Person X that I will secure your money of Rs 10,000 for the time period of 1 year and in return I take a calculated and fixed amount of money say for example Rs 1000, would this be considered as Riba? My Second Question is regarding Loan, for instance I take loan of Rs 10,000 from a Bank and the Bank says it will charge me Only Rs 1000 at the end of tenor and I will have to return the money in any case even if my business goes in loss would that be considered as Riba?, because usually what happens in Pakistan is that you have to payback the loan with interest so kindly distinguish between these 2 kind of situations.

Shaykh Muhammad ibn AdamRead

If One has not Paid Zakat for Several Years, How Does One Calculate it?

Shaykh Muhammad ibn AdamRead

Islamic Althernatives for Mortgage

Shaykh Muhammad ibn AdamRead

House Mortgages in the West

Shaykh Muhammad ibn AdamRead

Collecting Interest Money in the Masjid

Shaykh Muhammad ibn AdamRead

Zakat on Long and Short-Term Loans

Shaykh Muhammad ibn AdamRead

Zakat and the Subtraction of Loans

Shaykh Muhammad ibn AdamRead

Partnership and Taking out an Interest-Based Loan

Shaykh Muhammad ibn AdamRead

HSBC Alternative to Mortgage in UK

Shaykh Muhammad ibn AdamRead

Murabaha House Financing Scheme

Shaykh Muhammad ibn AdamRead

Bank Employment & Certian Specific Jobs

Shaykh Muhammad ibn AdamRead

About Interest (riba) with Parents

Shaykh Muhammad ibn AdamRead

Lottery Funding for Islamic Projects

Shaykh Muhammad ibn AdamRead

Marks-UP and Riba

Shaykh Muhammad ibn AdamRead

Are we allowed to pay our bank charges with interest money?

Shaykh Ebrahim DesaiRead

Could you please clarify the rules of purchasing gold, silver, and currencies?

Shaykh Ebrahim DesaiRead

Do we need to revise the view on interest (Riba)? If not then what solution does Shariah has for dire need owning a house for those living in the western countries?

Shaykh Ebrahim Desai, Shaykh Ismail MoosaRead