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my income is halal or haram

my name is Talha, and I work for an affiliate network.My role is affiliate manager, and I find affiliates to promote our offers. We have offers in home improvement, solar, and loans. When the ...
Talha Athar Butt's user avatar
0 votes
1 answer
20 views

Paying back interest of a loan with interest earned from a bank acciunt

I have took a loan. I am going to pay it back for next ten years. Every month I pay 600 dollars interest in this loan installment. After taking loan, I got 50 thousand dollars from somewhere. I asked ...
SNiaz's user avatar
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1 answer
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Loan to be returned at the rate of gold

I was 19 years old and my uncle gave me money which he said I would need to return at the rate of gold. So basically if for example he gave me 100 PKR - he would consider it as an equivalent amount of ...
Muhammad Tahir's user avatar
0 votes
1 answer
310 views

Why prophet (s.a) had his armor mortgaged with a Jew?

Narrated `Aisha: Allah's Messenger (ﷺ) died while his (iron) armor was mortgaged to a Jew for thirty Sas of barley. https://sunnah.com/bukhari:2916 When Prophet (s.a) died he was ruler of vast ...
Shafeek's user avatar
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1 vote
2 answers
102 views

Riba and loan interest

Could someone explain the reason for usury being forbidden in Islam? Some background: I have some money, which I could take advantage of right now. Giving up this money, in the form of a loan would ...
Seyed Mohsen Ayyoubzadeh's user avatar
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1 answer
58 views

Am I exempted if I take this student loan involving riba? [closed]

I've been working really hard in high school to get accepted to a good major in university. I'm going to start studying this summer. I need an apartment and food to live and I have no income what's so ...
Cebu's user avatar
  • 1
0 votes
0 answers
402 views

Taking an Interest based Loan for emergency

Assalamualaikum warahmathullahi wabarakathuhu readers. May Allah reward you with jannathul firdaus - aameen.. May Allah give you peace and protect you from sins - ameen. My question is regarding ...
Thameem's user avatar
  • 105
1 vote
0 answers
34 views

Can I give zakath to husband?

My husband has a loan and I am also involved in it. He do repay the loan as installments. I own jewelry and have no further earnings right now. If my husband help me with money to give my zakath can I ...
Nasrin's user avatar
  • 11
0 votes
0 answers
80 views

Difference between commerce and Riba in Islam, Does commerce entails risk?

What's the difference between commerce and RIBA in Islam? Let's take the example of looking for a loan to buy a house. Traditional banks are using Riba because they lend you money, you buy your ...
user avatar
2 votes
0 answers
58 views

Need loan to expland business operation

I am running a business and I would like to take loan from a bank to buy larger property for business expansion. The property reamins with bank as collateral until debt is paid off. Bank asks for 10%...
Faiz Mohamed Haneef's user avatar
1 vote
1 answer
5k views

Can we perform hajj or umrah with loan money?

I am not having money to perform my ummrah I have taken some money from my elder sister as a loan and I know that i could return her later. So is this allowed in Islam or should we have our own money?
baneen's user avatar
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1 vote
1 answer
6k views

Is it halal to take a student finance loan for education?

Muslim students tend to take a student finance loan in order to go through university without financial strain, but I've recently discovered there is interest involved. According to my friend, some ...
Helloitsme's user avatar
2 votes
0 answers
173 views

Is a UK university student loan riba, and if so, is it "necessary" if I have no other means to pay for education or to provide for my family?

I’ve heard student loans deemed as Ribaa. However, for a UK university student loan, the conditions are documented: How much you repay You pay back 9% of your income over the minimum amount of: £17,...
Kever's user avatar
  • 21
1 vote
0 answers
200 views

Is it halal to pay riba with riba? [duplicate]

Instead of sending unwanted income from riba towards charity, would it be halal to use the earned riba to pay the interest-only portion of a loan such as a mortgage or student loan. For example, if ...
Ali A's user avatar
  • 11
1 vote
0 answers
40 views

Paying off the interest of a student loan with interest earned from investments [duplicate]

Assalaamu alaikum. I have student loans that are accruing a lot of interest. I have an investment account given to me by my employer, but I have not made any personal contributions to it because ...
Farid's user avatar
  • 111
3 votes
1 answer
1k views

Is it permissible for Muslims to receive subsidy for performing Hajj?

It's a known fact that Hajj is fard only if one is physically and financially able, as the Qurán says it in Al-e-imran : "In it are clear signs, the standing place of Ibrahim, and whoever enters it ...
dsfads's user avatar
  • 123
2 votes
1 answer
1k 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 ...
ZeExplorer's user avatar
1 vote
1 answer
1k views

Is zakat mandatory for our family, given my mother is a housewife who owns gold and my father has a personal loan?

I have a small question regarding Zakat: My mother has 113 grams of gold. She is a housewife, and my father has a personal loan. In this case, would Zakat be mandatory for us?
Ahmed Shafiq Kowshik's user avatar
2 votes
2 answers
2k 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 ...
Mohayemin's user avatar
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2 votes
0 answers
103 views

Can the sum of already-contracted future debt be deducted from zakat due now?

I have paid a deposit to buy a home and an agreement of sales and purchase has been signed. But the full amount is to be paid next month and I'm calculating my zakat this month. Question: Can a ...
Shoaib's user avatar
  • 21
4 votes
3 answers
692 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 ...
user957's user avatar
  • 41
2 votes
2 answers
1k views

How do long term halal loans work with inflation 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. ...
nami's user avatar
  • 1,035
10 votes
4 answers
47k 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 ...
Asdfg's user avatar
  • 303
7 votes
8 answers
11k 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 ...
Tabrez Ahmed's user avatar
  • 4,920