Loans & Debts

Q: What is the ruling in Islam if a person borrowed money from a friend for a set time period and willingly wants to return the money with some extra amount?

Q: If one buys a car using the following method will it be permissible:

ABC person tells the bank to purchase the car from a dealer. A purchase & sale agreement is done between the dealer and the bank. Just say the bank buys the car for 100000 and then a purchase and sale agreement is made between the bank & I, that I purchase the car from the bank for 120000 fixed regardless of changes to the haraam interest rate. Theres 2 separate transactions. Will this type of deal be permissible?

Q: I took a loan of 8000€ 7 years ago from a couple of close family members for going abroad for education. At that time the Euro to PKR rate was 1€=114PKR. Now after a couple of years, I am capable of returning that amount and I returned the money to all of them except to one person. He sent the money to my father in Dirhims (4000 AED at that time which was equal to 150,000 PKR) so my father added these PKR to sponsor Euros for my education. Now 4000 AED equals to around 270,000 PKR.

Should I return the Dirhims with the current currency conversion or at the rate at which the money was borrowed?

I also returned the PKR on the same rate which I borrowed. For e.g. my father borrowed 400,000 for me from one person and I returned 400,000 PKR directly. But this is confusing as the person sent 4000 AED to my father at that time which equaled to 150,000 but now if I convert 4000 AED then PKR would easily be double. So my question is how much money should I return?

Q: A person gave a loan from his halaal money to someone with a mostly a halaal income. Later, the person who the money was lent to took a new job in which they earn a mostly haraam income. Is it haraam for the lender to be repaid by the person he lent money to?

Will such a repayment carry any of the spiritually destructive side effects of utilizing haraam wealth? And if there is any evidence from the ulama and fuqaha on this matter, then please share because I could not find anything about this online. 

Q: As we always learnt that we should always keep in mind the virtues of actions in front of us whilst doing a good action and keep on checking our niyyat.

I would like to find out what is the reward of loaning wealth to someone that is in a financial situation to fulfill a need/necessity .

Q: I want to buy a computer for 8000 aed by credit card. My bank is offering 0 percent interest installments for that. But they are charging me a one time processing fee of 50 aed to convert the whole amount (8000 aed) into 3 months installments. Please let me know if this processing fee will be considered as interest or is it permissible.

Q: I'm buying a car from a bank as "Car Ijarah", but I have two confusions;

1. From which bank I buy a car as per "Car Ijarah", they also ask us to sign on the contract where the condition is "If I delay the monthly installment then I've to pay some extra money as charity" as per their saying, but Alhumdulillah we have a shop and we are sure that we will be able to pay all installments on the time or before the deadline. So If I sign the contract and pay all the installments on the time will it be halal to buy that car from the bank?

2. The bank also want us to pay some extra money in down payment for takaful insurance of that car because in the period of installments which is 2 or 3 years the car owner of that car will be the bank, and as per we believe that insurance is haram so can we pay that money also? Because the owner is bank and after the period of installments they'll gift us that car.

Q: I have a question about credit card's if you could please answer it, My question is this: Are credit card's Halaal?

To elaborate on this - if a company offers me 10,000 euros to spend on a card as and when I wish and all I have to do is pay back what I have used in 30 days and no charges will be applied to my month bill, BUT if I don't pay off this amount that I have used in the past 30 days then they will add interest to my repayments, like 15% of what I have used every month till I pay it off and based on this I agree and I enter into this agreement with that company and take and use this card. My intention is to pay off my bill every month before any interest is applied so I don't pay any Riba (interest) and I do, I keep up with my repayments every time and I don't not pay any interest at any point. But I have agreed that if I do miss a payment that I will pay them the interest. Is this permissible? Is it allowed for a Muslim to enter such a contract to make a agreement to pay Riba(interest) if such and such happens, but the Muslims intention is to never be in that situation but yet still agreeing that if I do fall in that situation I will pay you with interest. A brother of mine fell on hard times and he took a credit card to get himself through this hard times and he told me that some Ulema have said that it is permissible if you need it and as long as you stay within the monthly repayments without the add of interest. My understanding is that a Muslim must live by his oath and even agreeing to do Haram(whether or not you do it) is Haraam.

Jazak'Allah Khayrr for your time and I wait to hear your reply and clarity on this matter.

Q: I sold a house for R500 000 on credit and told the customer to pay R50 000 per month over ten months. The customer paid me for the first five months and then passed away. Is it permissible for me to immediately claim the outstanding R250 000 from the heirs or do they still have five months to pay?

Q: My father sold a car for R100 000 on credit and the terms were that the customer would pay R25 000 per month over four months. My father has passed away and it is two months since he concluded the sale. Can we make the customer pay the remaining R50 000 immediately or does he still have two months left to pay?