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    Answers with Tag: RIBA

    Working in a Insurance Company as an Claims Engineer

    I have signed a housing contract. The terms stipulate that if I wish to vacate the property before the contract period finishes, I will be charged a monetary penalty. If I withdraw from the contract before occupying the housing, I will also be charged a (lesser) fee. Are either of these fees riba?

    What if Bank Interest is Minimal, is it Allowed?

    Insurance Claims in Car Accidents

    Working for a Insurance Company and the Accounting Job

    Financing: Alluring Ways to Fall into Riba in a Car Transaction

    Loans and Zakat: How do We Calculate?

    Pay off Debts or Financially Help Parents in Need?

    Some time ago in my past I took educational loans (loans for schooling). Even then I knew it wasn’t right. I knew I wouldn’t be able to repay them before the “grace period” ended and interest would begin to be charged on them. What can I do now to rectify this great wrong? I have made tauba (forgiveness prayer) several times. Is there anything else I should do to right this situation with Allah? I mean I can’t even pay them back now and interest will continue to be charged on the loans until every penny is paid back. Basically I want to know is making the Tauba enough. I have the intention to never take interest bearing loans again and I want to pay these off as soon as possible. Is there anything else I should do?

    Forwarding Advice on Stock Market Investment

    House and Goods Insurance

    Does Drawing Money from one’s own Company at Market Interest Rates Constitute Riba?

    Car Rental Insurance

    Car Insurance and Family Dispute

    House Contract, a Girl and Parents