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Answers with Tag: loan

Are career development loans halal?

Hanafi Fiqh | Muftisays.com

Is it permissible to use zakaat money to buy a second house for a poor woman?

Hanafi Fiqh | Muftisays.com

The Fiqh of Borrowing and Loans

Hanafi Fiqh | Shaykh Muhammad ibn Adam | Daruliftaa.com

What if Bank Interest is Minimal, is it Allowed?

Hanafi Fiqh | Shaykh Muhammad ibn Adam | Daruliftaa.com

Financing: Alluring Ways to Fall into Riba in a Car Transaction

Hanafi Fiqh | Shaykh Muhammad ibn Adam | Daruliftaa.com

Loans and Zakat: How do We Calculate?

Hanafi Fiqh | Shaykh Muhammad ibn Adam | Daruliftaa.com

Home Equity Loans

Hanafi Fiqh | Shaykh Muhammad ibn Adam | Daruliftaa.com

Pay off Debts or Financially Help Parents in Need?

Hanafi Fiqh | Shaykh Muhammad ibn Adam | Daruliftaa.com

Does Gifts given to Wife’s Father Count towards Unpaid Mahr?

Hanafi Fiqh | Shaykh Muhammad ibn Adam | Daruliftaa.com

Some time ago in my past I took educational loans (loans for schooling). Even then I knew it wasn’t right. I knew I wouldn’t be able to repay them before the “grace period” ended and interest would begin to be charged on them. What can I do now to rectify this great wrong? I have made tauba (forgiveness prayer) several times. Is there anything else I should do to right this situation with Allah? I mean I can’t even pay them back now and interest will continue to be charged on the loans until every penny is paid back. Basically I want to know is making the Tauba enough. I have the intention to never take interest bearing loans again and I want to pay these off as soon as possible. Is there anything else I should do?

Hanafi Fiqh | Shaykh Muhammad ibn Adam | Daruliftaa.com

Is it permissible to confiscate items belonging to someone due to his non-payment of a loan, which are to be returned upon payment? What avenues are available for a creditor to pursue in the case of a debtor defaulting on the payment of a loan? (In a non-Muslim country with verbal contract)

Hanafi Fiqh | Shaykh Muhammad ibn Adam | Daruliftaa.com

I am a student who is taking a year off to work and save money so that I can continue my studies the following year without taking any loans. I wanted to know if the money I made while working on this time off was subject to zakat.

Hanafi Fiqh | Shaykh Muhammad ibn Adam | Daruliftaa.com

Does Drawing Money from one’s own Company at Market Interest Rates Constitute Riba?

Hanafi Fiqh | Shaykh Muhammad ibn Adam | Daruliftaa.com

I always hear that one should not take or give interest. My question is, how can you start a business or deploy industry or for that matter do anything that requires capital without paying interest? Actually if you think about it, we are all getting affect by interest one way or other. Our governments go out and borrow money from IMF to pay its bills and give money to the banks for borrowing? So if the government is>borrowing money you can understand the impact it has on all citizens of that country. Please help me understand how you can setup any business in this world without borrowing money (paying interest) unless of course you are Bill Gates.

Hanafi Fiqh | Shaykh Muhammad ibn Adam | Daruliftaa.com

Paying off Interest on a Loan with Interest from a Bank Account

Hanafi Fiqh | Shaykh Muhammad ibn Adam | Daruliftaa.com

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