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    Answers with Tag: loan

    Building Mosques and Musallah with Money Involving Interest (Riba)

    Hanafi Fiqh | | Albalagh.net

    Interest Bearing Education Loans

    Hanafi Fiqh | | Albalagh.net

    Interest Dealings in Non-Muslim Lands

    Hanafi Fiqh | | Albalagh.net

    Interest Bearing Loan for House Purchase

    Hanafi Fiqh | | Albalagh.net

    Al-Manzil Financing for Masjid Building

    Hanafi Fiqh | | Albalagh.net

    I am interested in the Forex SPOT trading business and would like to know if it is halal. The trading that I will be doing will be as follows: Let’s say, I invest $1,000, the broker invests or lends $99,000 and together we buy the currency like euro worth $100,000. The broker will not charge any interest on the money that he invested or lend, because it will be a Shariah compliant account.     – If the rate of the euro goes up and I decide to sell the euro. The broker will take a small share of the profit and rest is given to me     – If the rate of the euro goes down below a certain margin which is determined by the amount I invest, my broker will close the trade and take his money back and I will lose the money I invested. Also, another place were interest may be involved is when the buying and selling is not done on the same day, then a rollover occurs which mean that either we have to pay interest or give interest on the currency you have bought, but the brokers is offering a swap free or interest free accounts for Muslims only, in which, even if you do not close the trade on the same day, they will not debit or credit any interest. I am interested in Spot trading not Future trading. Please let me know if this type of trading is halal.  

    Hanafi Fiqh | | Albalagh.net

    Where should I study the Islamic sciences? – Advices for all those wishing to study

    Hanafi Fiqh | | Darulfiqh.com

    Will heirs inherit this house

    Hanafi Fiqh | Fatwa.org.au

    Taking interest loan to buy house

    Hanafi Fiqh | Fatwa.org.au

    House and car insurance

    Hanafi Fiqh | Fatwa.org.au

    HECS-HELP loan

    Hanafi Fiqh | Fatwa.org.au

    FEE-HELP

    Hanafi Fiqh | Fatwa.org.au

    Carsalesman assisting in riba

    Hanafi Fiqh | Fatwa.org.au

    Amlak of MCCA

    Hanafi Fiqh | | Fatwa.org.au

    Applying Physical Force for Commanding the Good and Shunning Evil

    Hanafi Fiqh | | Fatwaa.com