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Answers with Tag: loan

Can women work if necessity comes in hijab ?

Hanafi Fiqh | Shaykh Navalur Rahman | ShariahBoard.org

If I want to purchase a medallion from someone, who has borrowed loan from the bank to pay off that medallion?

Hanafi Fiqh | Shaykh Navalur Rahman | ShariahBoard.org

Can we buy a house on mortgage?

Hanafi Fiqh | Shaykh Navalur Rahman | ShariahBoard.org

Can we pray behind an Imam who doesnt believe that Prophet Mohammed (PBUH) is not Afzal-ul-Ambiya?

Hanafi Fiqh | Shaykh Navalur Rahman | ShariahBoard.org

Zakat on Gold and Silver

Hanafi Fiqh | Shaykh Navalur Rahman | ShariahBoard.org

Please give a brief regarding Islamic banking?

Hanafi Fiqh | Shaykh Navalur Rahman | ShariahBoard.org

I am looking to buy house. I was told that there are a few bank/financial corporations that offer Islamic Financing. They are: Devon Bank http://www.devonbank.com/popup/Islamic_overview.htm Guidance Financial http://www.guidancefinancial.com/ They provide a rent-to-own option. My concern is that they calculate the rent based on the current interest rates that are set by the Federal Government. As a matter of fact, their rates are higher than a conventional bank. So is it ok get a loan through Guidance or Devon, even though they charging rent based on the current interest rate. Plus they are charging a higher rate than the regular banks. So then what’s the difference between getting a long through Guidance/Devon versus getting a loan from a regular bank. Your input on this will be truly appreciated.

Hanafi Fiqh | Shaykh Navalur Rahman | ShariahBoard.org

You may be aware of the 401K retirement investments in USA. From these investments of mine, I can take a loan but I have to pay interest on it. The interest money that I will have to pay would actually go to my account itself. It’s just that the system forces you to invest more should you take a loan from your own account (which is currently not accessible practically). Will this type of interest payment (to your own self) be considered as Riba?

Hanafi Fiqh | Shaykh Navalur Rahman | ShariahBoard.org

My brother works in an American bank but his work is not directly related to any loan or interest related transactions. His area of work focuses on strategic marketing of credit card related products for the bank, such as determining late fees (not interest) to be charged, etc. He is inviting me to stay at his house and obviously that would include eating at his place. I would like to know if it is halal to eat at his place considering that he is a bank employee. A quick response will be greatly appreciated.

Hanafi Fiqh | Shaykh Navalur Rahman | ShariahBoard.org

Do lender has legal rights to share in the profit

Hanafi Fiqh | Shaykh Navalur Rahman | ShariahBoard.org

Car on Loan

Hanafi Fiqh | Shaykh Navalur Rahman | ShariahBoard.org

Repay loan or get marry my daughter 1st ?

Hanafi Fiqh | Shaykh Navalur Rahman | ShariahBoard.org

I wanted to find out if it is allowed to make Hajj when you have pending mortgage payments on your house. The mortgage is through guidance financial so it is islamic. Will this be considered a loan?

Hanafi Fiqh | Shaykh Navalur Rahman | ShariahBoard.org

Presale and mortgage

Hanafi Fiqh | Shaykh Mohammed Ataur Rahman Sajid | ShariahBoard.org

Home Loan

Hanafi Fiqh | Shaykh Mohammed Ataur Rahman Sajid | ShariahBoard.org

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