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Answers with Tag: loan

Like me many other persons would like to know what to do with the Interest money. Whether it can be given to needy person or not….

What is the ruling of taking a loan from the bank?

Is this trading legal in Islam? It is the process through online trading.

I currently have two bonds and an overdraft. The initial amount of the bonds have long been paid off, it is basically the interest that I am paying. In order to get out of this sin, I have decided to cancel my life insurance policies

Since last 4 months my husband asking for Rs.5000/-, which i cant arrange even he is in problem, in this circumtences can a take this amount on interest, because if i will not give to him,

I want to ask you that is it necessary for me to do Qurbani?

I know that student loans are haram because you have to give interest even if it is at the rate of inflation it is still haram. But i only found out that it is haram after i got the loan,

Inshallah me and my wife will perform Hajj this year, Although i have a good earning but still iam short of some money for Hajj and i am taking it from my friend as a loan so that i….

My late father had left behind life insurance policies which had been distributed in his estate along with letters to all beneficiaries stating what the capital and interest portions

1) I had a appartment worth 150,000/- Euros(sold already now) on which I had mortgage amount remaining of 75,000/- Euros….. 2) I have 150,000/- Euros in my bank account for last 8 months, but I had more than Nisaab

If a person is having overdraft in his bank account(if has only one account),is it halal to use such money.the person is working but his monthly income is not sufficient to change the position of his bank account(overdraft).

I have a property ,which i took on a loan and still paying the loan amount.Apart form that laon i haev some other laon also which i took for family needs.(sister marrigae.father support)

Zaid is living in Albany. State of New York in U.S.A. He has taken a loan of 187,000 USD from Bank of America and taken a house on mortgage.

I have morgage outstanding my inlaws want to go to haj they are aware of morgage but still want to go should they perform haj ?

A person took out a loan from a bank to buy a car. The payment on the loan involves interest. After a couple of months the person wants to change his/her life and wants to stop all the evil he is involved in, like interest. The person still has 2years to pay the car off. Is there any advice for this person after he has engaged in touba?