Loans

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: 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 am a post graduate student. My question is regarding a scholarship which I applied for and wanted to ask if it is ok for me to take.

I am presently studying in a different state and this scholarship is from the central govt. but I needed a proof of residence of this state for the application. So I got in contact with an agent and he managed to get my application approved for which he is taking a part of the scholarship money.

Anyway, generally I never applied for scholarships in my schooling or college or bachelors but because I have a few unplanned heavy expenses related to my education course, I applied for it thinking it would help. But I am in a dilemma whether to use it or dispose it or just use it for this particular purpose and dispose the remaining or use it for my other personal expenses and if not, then how do I dispose it?

Q: I had rented a house and thereafter negotiated with the landlord to purchase the house. As I did not have the funds to purchase the house, my friend offered to assist by loaning me the full purchase price payable to him as arranged. He forwarded the monies to the seller and the legal transfer process from the seller to me commenced. Soon thereafter my friend went through some financial problems and his family members demanded that I repay the loaned amount to him (my friend) within 24 hours. I was very troubled as I could not arrange such a large sum within such a short time and whilst I was at work another friend happened to pass by. We greeted one another and he noticed the troubled look on my face. Upon his insistence I explained to him the situation and he there and then phoned his bank and asked them to transfer the money to my first friend's account. I was surprised and asked him about the repayment and he said that the house is yours and we will talk about the repayment. Upon my insistence he suggested that I pay 4000 rental monthly for now and then we will discuss the repayment.

NB. Since the house was in the process of getting transferred to my name from the seller, he (second friend) asked the conveyancer to continue with the transfer into my name and when I queried with him, he did mention that the house is yours and it is for you. I continued paying the monthly stipulated rental until one day he passed away.

Upon his death I told my wife to ask my friends widow about the house and she said that she is aware of the situation. She sent her brother to my house who then said that they prefer keeping the house as an investment for the children and they do not want to sell. I did not pursue the matter further until I recently mentioned it to an aalim who felt that it could probably be that I am paying interest and the widow is receiving interest as the amount given to me by the second friend was a loan and not a purchase price of the house.

Can you please advise as to what the status of the above transaction is and who is the owner of the house and what is the status of the monies forwarded to me by my second friend as I would not like be involved in interest in anyway.

Q: Can a rich Muslim apply for minority scholarship given by government for higher education?

Q: A person agreed with another person to lend some money and in exchange they will continue their friendship relationship. They have been friends for a year now and in order to continue the other person has agreed to lend money. Assuming if the borrower of the loan is willing to continue the relationship in exchange of a loan. Then friendship or continuation of relationship considered to be a benefit/interest in this scenario?

Q: If I borrow Rs 10 lac from someone and return the same amount after 10 years, the value of the money will not be same and interest is haraam so what should we do to keep the value of the money?

Q: A brother had $1000 (halaal money) and he lent one of his relatives. On him receiving the money back, he learnt that the money comes from haraam sources (drugs, alcohol, etc.).

1. Is that money that is returned to him from haraam sources permissible for him (his money is from halaal sources) or is it halaal?

2. Please advise what to do.

Q: One of my friends required a loan of R500 000. I loaned him this amount, and our mutual agreement was that he would repay me after one year.

Unfortunately, only six months have passed and I have fallen into some financial difficulty. Can I claim my money back from my friend, even though the agreed term of one year has not yet terminated?