Ijaarah

Cancelling accommodation

Q: I currently live in a hostel. I talked to another hostel owner to book a room. He kept a room for me for over 4 days and he denied other people who wanted that room. Now in the morning, the current hostel warden showed me another room with fewer charges and I decided to stay in the current hostel and not to shift. Now, if I stay, did I go against my word (wada khilafi)? I am feeling extremely guilty and I am starting to worry about my beliefs because of the backing out. Can I just say sorry and give some fine?

Leasing a car from the bank

Q: I am a government employee. I got my car by signing a lease with the bank on a monthly installment for 7 years. The actuall price was 15 lacks but the bank gave it to me for 23 lacks which is too much. Now I am not comfortable with it. Is it interest as all the banks in pakistan are based on interest.