Q: Is it permissible to buy a house from An Nahl. If the house is 600 000 for example, they put up a mark up of 7 % if you pay within 10 months, a mark up of 10% if you pay within 24 months and so on and so forth. It's fixed profits. Please let me know if its permissible?
Q: I am currently renting my business premises from a an Islamic trust. They have amended the current lease agreement to state that 2% interest will be added to late payment of even a months rent. When the Muslim tenants objected, they changed the word interest and now describe it as admin fees.
Is this allowed? This very trust contributes to the funding of the masjid and Islamic school.
Q: I have taken some money from a friend from Australia. While taking the money, I planned to work abroad so that I can earn big amounts and pay back the money. I want to ask that now I am not in a condition to return the money. Is that a sin for me? What should I do? The person hasn't asked me for the money, and knows that I am not in a financial condition to return the money.
Q: I want to buy a home at my native place but I haven't enough money to buy it, so can I apply for the home loan. I already tried to halal sources to raise funds for the same but I only collected 10 lakh, and the home price is 28.5 lakh.
I know interest is haram in Islam. Also suggest me the best way to achieve it.
Q: I took out student loans to pay for my college education, but I paid all of them off 1 day after the interest started accumulating. I could’ve paid it off sooner, but I had a confusion about when the interest would be adding on. Will my income from my job be haram because I had 1 day of interest in the means of earning that education?
Q: I had met with an accident and I'm at home completely. My mother is a pensioner and my brother too is living along with his kids. We have no savings with us. We got a loan on pension. Can I take the money for my angiography as I cannot work and no one to help me for this treatment?
Q: Zaid is in Dubai. Aslam, from Pakistan, is in need of some loan. Zaid does not have a foreign currency account in Pakistan, so when Zaid transfers 2000 dirhams to Aslam, Aslam receives Pakistani rupees equivalent to 2000 dirhams. After one year, the Pakistani rupee value has dropped, now will Aslam return the same amount 2000 dirhams or Pakistani rupees that he received a year back? Or should he return the rupees equivalent to current value of 2000 dirhams?
Q: Is it permissible for me to lend someone money as a personal and ask for a profit in return. (The money will be used for business - I am not asking for a profit from the business).
The profit on the loan is fixed at 10% per annum. Then another 10% is added to the outstanding balance at the end of each year until fully paid. The term is fixed for 6 months to repay the loan.
Q: My brother is living in Saudi Arabia and I want to purchase a house in Pakistan. For that I need a loan from my brother of 75000 PKR per month from 2015 to 2018. The total amount he paid to me in this period is 2,400,000 PKR. Now in July 2023, he sent me the loan details which is extactly what I took from him but in addition that he wants all his money in Saudi Riyals as he sent this money from Saudi Arabia. Please guide me on this.
Q: My father borrows money from one of his friend in Pakistani rupees 2 Lac which was approximately 1235$ but at that time I was not in a condition to clear his debit and I take the responsibility to clear my father's due after some time. Now I'm stable to clear my father's due but now the price-hike of every thing. Should I pay my father's due according to pakistani rupees or $. My father too the money in Pakistani rupees.