loan

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Do I Need to Repay a Canceled Loan?

Shaykh Irshaad SedickRead

What Should I Do with Interest I Didn’t Ask For?

Shaykh Irshaad SedickRead

Can I Donate My Savings as a High School Student Who Doesn’t Earn Yet?

Ustadha Shazia AhmadRead

Can women work if necessity comes in hijab ?

Shaykh Navalur RahmanRead

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

Shaykh Navalur RahmanRead

Can we buy a house on mortgage?

Shaykh Navalur RahmanRead

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

Shaykh Navalur RahmanRead

Zakat on Gold and Silver

Shaykh Navalur RahmanRead

Please give a brief regarding Islamic banking?

Shaykh Navalur RahmanRead

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.

Shaykh Navalur RahmanRead

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?

Shaykh Navalur RahmanRead

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.

Shaykh Navalur RahmanRead

Do lender has legal rights to share in the profit

Shaykh Navalur RahmanRead

Shaykh Navalur RahmanRead

Repay loan or get marry my daughter 1st ?

Shaykh Navalur RahmanRead

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?

Shaykh Navalur RahmanRead

Presale and mortgage

Shaykh Mohammed Ataur Rahman SajidRead

Shaykh Mohammed Ataur Rahman SajidRead

Shaykh Mohammed Ataur Rahman SajidRead

Taking loan for business from bank

Jamia BinoriaRead

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