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    Answers with Tag: loan

    Is Interest prohibited between a Muslim and non-Muslim in Darul-Harb (non-Islamic state) like South Africa, UK, Australia, etc.?

    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.

    Is it halal or haram to borrow money from the bank on interest in order to purchase a house or a property ?

    Please advise if it is acceptable to approach a conventional bank to effect an asset based transaction where the interest rate and the period of re-payment is fixed?

    Buying a house if the price is 160k Cash the owner gives you for 180k and divides the instalment over 1 yr is this ok .

    If I pay interest for the house but it comes out of my taxes, is it ok? (if I pay interest, I dont pay taxes, vice versa)

    Selling property with fake ‘interest’ to gain tax relief.

    If a person borrows money and repays the loan plus extra as fees with no time restrictions, is this still interest?

    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.

    Another related to #4086 – Many like me in USA would like to take home financing from LARIBA, but are hesitant

    Which one of Lotto machine, credit card and bank loan is worse in Islam?

    Are student loans in the United Kingdom permissible?

    Whether it is right or wrong to do a business where other non-muslims are also involved.

    I have approached the bank and explained that I want to buy a house with a loan from them that complies with Islamic Law and Principles. I have asked that they buy the house for me, and agree to re-sell to me with an agreed profit,

    Buy a house in india. loan should be payed back to bank with interest . so my question is that ke is it halaal to take loan and build a house ,?