Interest bearing loans
Q: Can we take a loan to buy a land from a Shariah compliant Islamic bank (barwa bank) here in qataar?
Q: Can we take a loan to buy a land from a Shariah compliant Islamic bank (barwa bank) here in qataar?
Q: About buying a house in the UK on interest (sood) mortgage. One mortgage is standard and one is Islamic. In stranded the bank will show you how much interest you will pay and in Islamic the bank will show you how much rent you will pay. But many people and Ulama say that Islamic mortgage is also same as standard mortgage. Because you want to buy house that you don’t want to pay rent to council or to the owner then why should you pay it to Islamic mortgage and one of my friends has spoken to a mortgage adviser about both mortgages and he said that both mortgages are the same, the only difference is in the name.
Q: Is it harem to give interest?
Q: I have taken an Islamic Shari'ah loan from standard chartered bank Bahrain. I want to go for umrah. Tell me, is my loan halaal or haraam? Can I go for umrah or not? If the loan is haraam, then I have done a major sin. How can I face my Allah and Hazrat Muhammad (Sallallahu Alayhi Wasallam)? Please answer me me thoroughly.
Q: I live in America, and it is impossible to buy a house here without a mortgage from the bank. The bank charges interest on the mortgage. Is it permissible to buy a house on mortgage?
Q: Is a provident fund which is half collected from the employee’s salary and half deposited from the company/government on behalf of the employee permissible or is it regarded as interest? Is investing in a provident fund permissible?
Q: My question is about that my husband lost his job and he is still applying for jobs too but no luck yet and we got house on mortgage. If he doesn't get a job, we gonna lose everything. So he applied for government support (allowances). If he gets this income from government, is this money halaal unless he gets the proper job.
Q: My father has passed away and since I have no brother, the only source of income for my mother is the monthly payment that comes against the amount deposited in the saving scheme. As it is an interest based scheme, is it permissible for her to use such earnings for all her needs? She is over sixty.
Q: I want to become a pilot which will cost me £80,000. Am I aloud a student loan?
Q: I am a car dealer. Sometimes customers need leasing facilities from financial companies to finance their cars. Can I introduce them to the leasing companies and process with their loan application like collecting their Bank statements, Payslip, ID Card and submit the same to leasing companies and inform them about the rate of interest adopted by the leasing company?