loan

Q: A group of trustees were under the impression that one of the trustees was actively maintaining the musjid using his personal funds for the pleasure of Allah Ta'ala. In one meeting this trustee mentioned that the funds he had contributed was not his contribution but a loan for 2 years of maintenance. Had the other trustees knew that from the beginning, they would not have allowed him to accumulate such a debt.

Moreover this trustee was making unilateral decisions and marginalizing the rest of the trustees. In short the other trustees had no say and when they contested all would end up in an argument. Are we obliged to repay the debt?

Q: I am 18 years old. Some years back my mom took a debt from someone on interest because we wanted money to get my elder sister married and she took this decision to borrow money because my dad is not responsible enough as he had been through alot of business failures and was jobless..Its been 4 years and my mother has been paying interest from a really long time and now when we have no money the money lenders are troubling us alot... They torture us so much that sometimes I start losing faith in life... They torture us to the core... They scare us by telling us that if we don't give them money then they are going to tell this to all the people around and also my sister's husband which will lead to a utter shame for my parents... They speak so cheap about us that sometimes I feel that dying is much better than seeing your parents in this condition... We don't have money at all and day by day the interest has increased. Please make dua's for the betterment of my family and please tell me some zikr or dua to get rid of this debt... I'm tired and at this young age I'm falling apart...

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: I borrowed a person 100 000 Rands which he has not paid. I take out sadaqah every month of 5000 Rands. Can I take that sadaqah for myself and offset it off his account? If he does pay one day, then I will give that away as the sadaqah?

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: My father started a business, but after some time, one of his staff engaged in fraud, causing the business to become bankrupt. Now, because my father owes money to many customers, he took a loan from the bank to pay them back. However, this loan is accumulating interest which my father will have to pay to the bank. Can I use the interest money that accrues on my account which is separate to my father’s account, to pay the interest amount that my father owes to the bank?

Q: My friend is planning to buy a petrol station. However, he requires R3 million and he only has R2 million with him. He asked me to help him by giving him R1 million so that the petrol station can be registered under his ownership. Thereafter, we will follow the conditions below:

Condition 1: He will give me full access to run the business for 3 years and all expenses and profits will accrue to me. He will have no share or involvement in the business for 3 years.

Condition 2: I have to give him a monthly rent (as per the current market in that location) for running the business on his property.

Condition 3: After 3 years, he will return the R1 million which I had given to him at the beginning. He says that this money will be considered as a security deposit and any damage or loss occurred during these 3 years will be deducted from it. Is this deal halaal or haraam?

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?