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Answers with Tag: loan

Could you please let me know that if a bank offers 0% interest loan on any home appliances with istallment wise system is fine for me to use that loan or not.

Can I go on Hajj if I have outstanding loan obligations to pay?

Can a loan be converted to Zakaat and do you have to specify while giving Zakaat that it’s Zakaat?

A muslim brother has to pay a huge amount of around Rs. 6.5 lakhs for her daughter’s surgery (Cochlear Implantation Surgery), which he cannot afford by himself.

Many banks in pakistan offer loan without interest for HAJ. Is this allow in Islam to take loan from bak without interest and give some of the % before and rest in installemnet after HAJ. If no then why Banks like meezan , dubai islamic offering it.

1. Can I use the interest money for my relatives marriage/good cause without any intension of sawab? If not then, what to do with that money?…

I had to inevitably take a 4 yr Bank Loan to find an accomodation in my home town. I am also working at a Software Company. My question is, since I am already paying high…

I have 20,000 US dollars in cash and in checking account and about $ 5,000 worth of jewellery.

I will b going for hajj this year insha-allah i have got 60% of the package money the other 40% will b filled in by my father…

Reply please

My wife was working in a bank few years back. During that time we purchased a land in India. When  I did a mashura with two aalims, they said the money erned by working in a bank is not halal, so it has to be distributed to poeple who are in great misery or immersed in liablities. So we did accordingly and finished all the money. Now only this land is remaining. Please let me know whether the money invested at that time has to be given out or the existing appreciated value of the land has to be given out. Jazakallah. Ebrahim

If it’s not permissible to give the interest amount to my muslim brother, kindly let me know to whom all I can give the interest amount without the intention of thawaab.

What is the opinion of the respectful Ulamas’s of the Ummat about the following two types of the lotteries. …

Suppose ‘A’ gives 100 dollars to ‘B’ today ( todays exchange rate is Rs 100 per dollar) with the condition that ‘B’ returns the momney in Rupees to ‘A’ three months later ( at the rate of Rs 120/=. per dollar.)

One of my friend is having transportation business of arranging bus tour to Madina Munnawra from Jeddah.As he is running this business in the