Q: I want to buy a Prado on instalments but I do not have sufficient downpayment so there is this dealer who is offering me a Prado without any downpayment. The price of the car is 73000 AED right now but if I calculate the instalments that I have to pay then it sums up to 85000 AED. So is this haraam or allowed in Islam?
Q: My cousin is buying a house. He asked if I could write him a cheque for a certain amount and he would give me cash. My question is, if the cash he gave me is (maybe) from a haraam source, is that money still halaal for me? As I gave him my halaal money.
Q: Is it jaiz to pay gold as a loan to someone and demand the same amount of gold back when he wants to pay back the loan?
Q: Can I take a loan from a bank for business purposes?
Q: Is it permissible in Islam to take out a loan for my business. I want to take out a commercial loan from the bank for my business. Can I take out the loan?
Q: My question is about bank loans. What does Islam say about taking a loan when the bank describes the mark up at 19%?
Q: Is the system of committee in which a huge sum of money is collected by members of a group and given to one person at a time and then this person has to pay back the money he received at monthly intervals lawful in Islam? What is it's ruling in shariah?
Q: My friend is asking me for Rs.100 for a business and he is telling me that he will give me the money after 1 week along with 2.3% of the Rs.100, that is after 7 days he will give me Rs.116. Can I take this Rs.116 or is it haram?
Moreover he is telling me how much you give me I will give you after 7 days with 2.3% of your invested money. Please clarify, if it is halal I will proceed otherwise I will not.
Q: I would like to have complete fatwa on getting mortgage for personal home. Especially if your wife is more or less like a new Muslim and don't understand Islam very well. Can you go for a mortgage option or not?
Q: Can we take a loan from a bank in a gulf country?