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    Answers with Tag: loan

    Investing in Mutual Funds

    If an Islamic Mortgage Costs too Much, Can I Take a Conventional Mortgage?

    What is the ruling on Premium Bonds according to Hanafi Fiqh?

    A brother is in debt to a company however the company has become bankrupt and there is no contact information for the company. He has tried e-mailing them but the e-mail bounced. What is the brother supposed to do in such a situation?

    Performing Hajj with Unlawful Wealth

    Question on the Fiqh of Financing

    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.

    Islamic Althernatives for Mortgage

    Zakat and the Subtraction of Loans

    Buying a Car on Loan with a Higher Price

    Purchasing a House which still has an Interest Bearing Loan

    HSBC Alternative to Mortgage in UK

    What are the benefits of istighfar? How does one make istighfar?

    Is investing with a specified profit in return permissible?

    Is the following bank Shariah Compliant?