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Question on the Fiqh of Financing

Shaykh Muhammad ibn AdamRead

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.

Shaykh Muhammad ibn AdamRead

Islamic Althernatives for Mortgage

Shaykh Muhammad ibn AdamRead

Buying a Car on Loan with a Higher Price

Shaykh Muhammad ibn AdamRead

Purchasing a House which still has an Interest Bearing Loan

Shaykh Muhammad ibn AdamRead

Zakat and the Subtraction of Loans

Shaykh Muhammad ibn AdamRead

HSBC Alternative to Mortgage in UK

Shaykh Muhammad ibn AdamRead

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

Shaykh Ebrahim DesaiRead

Is investing with a specified profit in return permissible?

Shaykh Ebrahim DesaiRead

Is the following bank Shariah Compliant?

Shaykh Ebrahim Desai, Shaykh Ismail DesaiRead

Is an investment with only profit sharing permissible? How about investment with limited loss sharing?

Shaykh Ebrahim DesaiRead

Is it permissible to take loans from banks in Kingdom Saudia Arabia?

Shaykh Ebrahim DesaiRead

Is it permissible for me to go for Haj before I settle my debts?

Shaykh Ebrahim DesaiRead

Is the 4% on my credit card in this situation an interest?

Shaykh Ebrahim DesaiRead

Can you rent your property to a mortgage company?

Shaykh Ebrahim DesaiRead

Can I take out a loan to buy a car?

Shaykh Husain KadodiaRead

Can I use Zakāt to pay off my mother’s loan?

Shaykh Faraz Adam, Shaykh Husain KadodiaRead

I recently got married and I have some loans. I am trying very hard to repay it. What is the best way to seek the help of Allah Ta’alaa? 1) How do we offer Salatul Hajat. Can you explain to me the correct method. 2) My question is can my wife perform salatul hajat and make dua for me to get rid of my loans? 3) Is it permissible that both of us together perform salatul hajat and make Dua at the same time for the loans to get paid?

Shaykh Ebrahim DesaiRead

Borrowing a loan on the condition to pay back the capital along with a profit.

Askimam.orgRead

I live in Newyork and i would like to know if i can borrow loan from a bank to buy house ?

Askimam.orgRead

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