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11

Dealing with riba (interest) is a major sin in Islam. There is no ifs and buts. Be it educational loan, house loan or even marriage loan. In Qur'an and Sunnah, you find stern warning against riba. Allah says in Qur'an: Those who consume interest cannot stand [on the Day of Resurrection] except as one stands who is being beaten by Satan into insanity. ...


5

Zakat is meant to help those in poverty, by distributing the wealth from those who have much more than they need, which is why most forms of Zakat are applied on those who have maintained more than a certain amount of money in their bank accounts. There's a Nisab on Zakat which means that you have a minimum amount before you are obligated to pay Zakat. If ...


2

Fundamentally, yes, it is halal, but considerations must be made on exactly how the "loan" is contracted; attempting to run it like a modern bank where you're handling money that has been deposited (and can be withdrawn at will) would be questionable. From reading through the proposal in OP's link, two viable scenarios come to mind, both of which are ...


2

It is not permissible for the one who borrows money from anyone to commit himself to repaying the loan based on the value of the currency at the time when the loan is repaid, rather he must repay the loan with the same value as it had at the time he took it. I thought that was an extremely clear sentence from this fatwa which goes into a lot more ...


2

Short answer: No, and there's no exception! Explanation: As Abdullah mentioned in his answer riba (interest/usury) is a major sin and in fact it's one of the 7 distractive sins along with Shirk (associating partner in worship to Allah), Magic, Killing a person, Unjustly Eating the wealth of an orphan, Fleeing from the battlefield, and Sexually slandering a ...


2

Salam O Alikum, Perhaps too late to answer this question, but I ll add this just in case someone else might benefit from it. I know of some brother who actually found a way around it. When you take education loan (essentially government based) then the interest starts building from day one. And if you are doing a 3 year course then by the time you ...


1

That depends from what sources and terms the government is giving those subsidies. If the source and terms are of zakat, then it's not permissible1 to accept the subsidy as, by default, those going to hajj are rich and themselves are subject to give zakat. If the source and terms are of sadaqah or gift, then it is OK to receive the subsidy and benefit from ...


1

Because the amount of gold your mother owns exceeds the Nisab, then zakat has to be paid. If someone else (e.g. relatives) pays it on her behalf, there is nothing wrong with that. Shaykh Ibn ‘Uthaymeen (may Allaah have mercy on him) was asked: Is zakaah due on gold that is prepared for adornment, if a woman does not have any means of paying zakaah other ...


1

Since she can not afford, then she is not required to perform Haj. As for the loan, if you mean a loan that can generate any interest then it is Haram and she must not do it. If someone like a relative or a friend will lend her the money and she is sure that she can pay the lender back his or her money, then she can do that but there are some conflicts as ...


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