Loans & Debts

Q: We had lived in Oman for about 3 years and during our stay we took a credit card and used it at times of emergency rather seeking help from our fraternity as everyone cannot help financially especially abroad. Therefore we took it and returned the amount within 52 days which prevented any interest. However we moved to China and due to meagre amount of cash we took the credit card with us as a backup because we were going to Pakistan and then to China. The process took longer than expected. We had used the card at the airport and did some other transactions however my mother kept 400 OMR separate from the rest amount. As mentioned earlier the process took very long so although we had the money and were fully prepared to keep it separate but we could not really return in within 52 days as my father was in China and was settling down there and in Pakistan without a male the survival becomes quite daunting due to some family issues. So now here we are with the card in China and have the money and have exceeded the time limit. I inquired before and was told by you that if we pay only the principle amount and not the interest we would not be punished by Allah. So now we want to send the money back. I emailed them but got no reply. I did whatever I could to get in contact with them but could not. So my dad was telling my mother to keep the money because every bank has insurance and after the time limit exceeds they put the name of the customer in another category where they only want to recover the main amount not the interest. So he suggested that start a business with the amount of money. She has approximately 1 hundred thousand rupees which is 1 lakh and then repay the amount to the bank, the major amount not the interest from the profit she will get. My dad is a business teacher and knows all about businesses. The following are my questions:

1) Is it permissible for her to start a business with the money she has and then return the money from the profit she will get?

2) We could not repay the money within 52 days but we intend to and have the money till now and have not used it and only will pay the major amount not the interest, so will we be punished by Allah?

Q: If someone owes you money and does not pay you by the due date, is it permissible to charge him an extra amount as an administration fee or any other fee?

Q: What is the Islamic view on begging/borrowing money (for a short time) despite having money though the money he has is set for something which if he touches the money, he might not be able to use it for what it is intended for.

Q: Lets say person A borrowed money for person B. Then person B refused to pay back. Then person C paid the amount. Will person a still owe the debt islamically even though the debt is paid off?

Q: My husband is going for Hajj in September 18 Insha Allah and I'm going to my country three days before him that's means that in September 18 as I can not stay alone in UK without him so I will go to my country to stay with my parents until my husband comes back from hajj but the money my husband will give me to spend in my country is not enough and he does not have money for now so I decided to borrow from some body the money I will take with me but my husband told me you can not borrow money because if you do so my haj will not be accepted he said you can borrow only after I finish my hajj, is it true? Is it ok to borrow the money or shall I wait until my husband finishes his hajj and then borrow from someone in my country?

Q: I had to give 400 RS to my friend, so I gave him 500 rupees but some hours later he gave me back 300 rupees. So the extra 200 rupees actually belong to him and initially I told him to keep it but he refused. My question is can I use this amount for my personal use and for eating purposes as I dont know whether this is interest based money or not.

Q: I have come to know about this company efsol.com.au they provide halal home loans. I'm sending you a link of their sample contract. They have information on their website too. Please help me. I have got pre-approval from the company for a loan. I'm waiting for your approavl. May Allah guide us the right path. Jazakallah Sample contract: https://m.box.com/shared_item/https%3A%2F%2Fapp.box.com%2Fs%2Fx5jppkdwp…

Q: I have lent money a couple of years ago and two people gave me both each guarantee of cheques. Four years passed and non of them paid me. I have struggled so much. And many things I could not pay and went only higher and higher. I am in many debts. I don't work as a single mother due to health problems. And my child is 2 years at home because I can't pay her school. If the people pay me each the amounts of the cheques do I have the right to keep the money because I have a court case against them. I have waisted a lot of time and effort going to police stations and court in the past 4 years.

Q: I have some money in the form of foreign currency which I bought for investment purpose a year ago at 15.75/ unit of currency. Now one of my friends needs some money and he approached me to lend him some amount for a few months. As I don't have money in the form of Pakistaani Rupees, I told him to take foreign currency from me and get it exchanged with Pakistaani rupees. But I put one condition that I have bought that currency @ 15.75/unit and now the market rate of that currency is 13/unit. I gave him 3000 units of currency no matter at which rate he will sell those units in the market but he will have to return me the money @ 15.75 on which I originally bought that units. For example if now he sold that 3000 units @ 13 in market he will get Rs.39000 but he will have to return me the money @ 15.75 which becomes Rs.47250. Is getting that extra amount justified by Shariah? Is it a Halaal transaction to do?

Q: Bakr and Zaid are travelling in a foreign country. Zaid takes a loan of 100 USD from Bakr. Bakr makes the condition that when they return to South Africa, Zaid must not pay him 100 USD, but rather the equivalent of 100 USD in South African rands. The equivalent of the 100 USD will be based on a mutually agreed exchange rate decided by Zaid and Bakr when they return to South Africa. Is this type of transaction permissible?