Questions tagged [loan]

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10
votes
4answers
39k 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 ...
7
votes
7answers
10k 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 ...
1
vote
1answer
466 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?