Q: I bought a car of Rs312000 by bank finance now I have to pay the bank Rs 453000. Rs 5300 per month upto 7 years. Now I realised that I have committed a great sin and every moment I am in tension because of this sin and I have no means to pay the whole amount as early as possible. Now what should I do for attainment of this sin.
Q: My father gave some money to a broker for land so some how my father can't get the land so the broker said that he will return the amount which he has took from us but after 1 year he gave some amount from the total amount. After that my father told him why don't you return all my money but he said that he couldn't give the full amount at once because he used the amount in his business. But he said (if we don't demand it) he will return our money with interest of 2.5%. So my question is, is it permissible to take the extra 2.5%?
Q: For what purpose can we use interest from bank?
Q: Is it permissible to take out life insurance for goats in a stall-fed goat farm?
Q: My friend studied engineering by taking an education loan from the bank. He has to pay back interest also after getting a job. Is earning money through this qualification haraam?
Q: Please I am from Tunis. My son has a million in a bank so after 11 years he find "agios" "faida". I want to ask you if he can spend this money for his study?
Q: Is it in order to lend money to someone for example I say I will lend you R100 and you pay me back R150.
Q: Is bank interest in India acceptable for a Muslim?
Q: A person accrues R50 of haraam interest in his bank account. From his wallet, he gives R50 in cash to a poor person with the intention of disposing of this accumulated interest in his bank account. Has he disposed of the R50 interest, noting that the actual ‘interest R50’ is still in his bank account?
Q: I recently learnt that it is permissible for a Muslim to use interest money to pay fines, toll fees and vehicle licensing fees. Is this correct?