Q: My cousin needs to buy transportation for his business and needs money. He said he will give a fixed small amount of money every month from his income until he returns my complete money. He will not accept the money from me for free. So is it permissible for me to accept the extra money that he will be giving me?
Q: I bought a car in India by bank finance 8 month ago. Now I realised that it is haram and I have no money to pay off the loan at once and now I want to sell the car but the bank does not allow me to sell the car (because the owner is still the bank) until I pay off the loan. But (secretly) if I sell the car under the condition that when I pay off the loan I will transfer the registration to the customer in writing and now the customer has to give the instalments monthly to me for the next 6 years 4 month (but the bank take it automatically from my account from my salary because the bank does not know him). Then will I be relieved from interest (because the car is in my name and I am still involved in it).
Q: If I loan someone money, for example, I loan someone R10 and we agree that they will pay me R15 in 10 months time, R5 more than what I loaned them, is that extra money considered interest?
Q: My dad bought a phone on a credit card. If the bill is payed within 54 days then no interest is charged. However my dad couldn't pay the money within that time so now the total bill is 95 rials whereas the phone's price was 85 rial. Now we want to get rid of this card but we have to pay the bill to finish off the sunscription. So please guide us.
Q: My question is that we are in USA and can not buy a home on cash because it is impossible. So because of compulsion can we take a loan from the bank due to compulsion?
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: 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: 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: I am planning to buy a properly in UK. I have saving but it is far away from the amount the property cost. So I have to take a loan from the bank. I also tried with Islamic bank but their requirements are too high for me I do not match their requirements. So all is left is to get a mortgage from a non Muslim bank.
My question is: Is it still ok if I take loan from the bank if I have a property in India? It is actually a shop,and my father also left me a part of his property share that is £15000,- worth both are rented and my dependant are is getting the rent. So is it wise to sell the property (shop worth £25000,-)India and get less loan here? It would be £ 20000-30000 less RIBA base loan. Is it haram to keep the property in India and not sell it and on top get loan here? Or sell all in India, invest in UK property and get rid of more loan here because it is based on RIBA. Should I sell the property in India and send my family on a monthly Basis money? Because I am capable to send them money even if I had to sell everything there. What is wise or what is the right way to do in Islam. Or shall I just sell the shop and keep one property for them to get the rent from? Please guide I am really confused!