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Answers with Tag: RIBA

Hidden Interest and Confusion

Question on the Fiqh of Financing

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.

Buying a Car on Loan with a Higher Price

Purchasing a House which still has an Interest Bearing Loan

About Interest (riba) with Parents

Marks-UP and Riba

Is investing with a specified profit in return permissible?

Please check this method of Ijarah, is it halal or not? Lots of people in Canada are waiting for an Halal mortgage.

1. Will a person be discharged from his obligation of zakāh if he gives something other than cash? 2. Is it permissible to charge the debtor the lost value of the current currency against another currency?

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

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

Would it be permissible to take out a legal cover plan that cost R33 monthly but covers legal cost of up to R40 000 a year and includes id fraud cover of up to R25 000 a year?

When does riba became nessicity because people are saying “oh if i don’t have a lot of money to pay for my school i can take loan with riba”. they say its nessicity or must. what is the ruling on this?

My question is regarding a riba mortgage. I bought a house in my country by riba mortgage 2 years ago when I was non muslim (I was christian then). So I…