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    Answers with Tag: Bank

    Performing Hajj with Unlawful Wealth

    Hanafi Fiqh | | Daruliftaa.com

    Working for a Company that Sells Products to Banks and Casinos

    Hanafi Fiqh | | Daruliftaa.com

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

    Hanafi Fiqh | | Daruliftaa.com

    Hidden Interest and Confusion

    Hanafi Fiqh | | Daruliftaa.com

    Interest in Student Loans and Inflation

    Hanafi Fiqh | | Daruliftaa.com

    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.

    Hanafi Fiqh | | Daruliftaa.com

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

    Hanafi Fiqh | | Daruliftaa.com

    Islamic Althernatives for Mortgage

    Hanafi Fiqh | | Daruliftaa.com

    House Mortgages in the West

    Hanafi Fiqh | | Daruliftaa.com

    Collecting Interest Money in the Masjid

    Hanafi Fiqh | | Daruliftaa.com

    Zakat on Long and Short-Term Loans

    Hanafi Fiqh | | Daruliftaa.com

    Zakat and the Subtraction of Loans

    Hanafi Fiqh | | Daruliftaa.com

    Partnership and Taking out an Interest-Based Loan

    Hanafi Fiqh | | Daruliftaa.com

    HSBC Alternative to Mortgage in UK

    Hanafi Fiqh | | Daruliftaa.com

    Murabaha House Financing Scheme

    Hanafi Fiqh | | Daruliftaa.com