Questions tagged [loan]
The loan tag has no usage guidance.
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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 ...
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Regarding loan/debt from both parties in Islamic economics
I've learnt that in economic deals, there should be no loan/debt from both the sides/parties at the same time. For example, if I purchased a mobile, and promised to pay "later" and ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
user8449
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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%...
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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?
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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 ...
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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,...
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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 ...
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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 ...
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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 ...
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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 ...
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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?
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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 ...
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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 ...
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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 ...
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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. ...
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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 ...
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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 ...
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