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1
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0answers
12 views

Borrow home loan as a bank employee

I am an employee of bank as IT designated. Is this job permitted in Islam? And I have an opportunity to take staff home loan. Is it permitted in Islam? This bank is not shariah based bank.
2
votes
1answer
41 views

Can borrowed money be counted towards Sadaqa

A person owes me some money and keeps postponing the repayment always. I made intention to give a sadaqa of atleast $x this year. If he never pays me back, or if I ask him to forget about it or if ...
0
votes
1answer
65 views

Question regarding zakat

I have a small question regarding Zakat: My mother has 113 grams gold. She is a housewife, and my father has a personal loan. In this case, would Zakat be mandatory for us?
0
votes
0answers
49 views

Help with zakat laws and calculation

The zakat calculations seems to be little complex for me and people we know so thought of writing to you to get help with it. Her businesses doesn't make any profit as such. The monthly income she ...
1
vote
1answer
133 views

Can I take loan for my mother's Hajj

My calculations suggest that I might be able to afford for my Hajj next year Insha'Allah. My mother has not performed Hajj yet therefore I do not want to go to Hajj without her. However, she cannot ...
5
votes
3answers
249 views

Is it halal to loan out money which people save in your bank?

Original idea from here. My question is, is it halal to loan out money which people save in your bank? Let's say we have an online website. People can 'lend' money to the website (no interest), and ...
2
votes
2answers
285 views

Long term loans in Islam

I have a series of questions about islamic loans. My first question is this: If person 1 loans 100k to person 2 and creates a contract which states that the agreed payback date is 25 years from now. ...
7
votes
3answers
15k views

How to calculate zakat while in debt

I recently bought a house and got Shariah loan (Mortgage). The only difference is that in the Shariah loan they don't use the word "interest". They say I am paying them "rent" at a fixed percentage ...
4
votes
5answers
4k views

Is interest-based educational loan allowed?

Students from economically backward communities who opt for higher studies generally depend on educational loans, which are offered with interest, either by banks, developmental organisations, or by ...