Q: I would like to know that my child needs to go college next year but I would not be able to put up with all the cost because I have other children which go to private Islamic school. So I need to pay for their fees so is it allowed to get a student loan for the college child?
Q: What is the Islamic view on begging/borrowing money (for a short time) despite having money though the money he has is set for something which if he touches the money, he might not be able to use it for what it is intended for.
Q: My husband is going for Hajj in September 18 Insha Allah and I'm going to my country three days before him that's means that in September 18 as I can not stay alone in UK without him so I will go to my country to stay with my parents until my husband comes back from hajj but the money my husband will give me to spend in my country is not enough and he does not have money for now so I decided to borrow from some body the money I will take with me but my husband told me you can not borrow money because if you do so my haj will not be accepted he said you can borrow only after I finish my hajj, is it true? Is it ok to borrow the money or shall I wait until my husband finishes his hajj and then borrow from someone in my country?
Q: I have come to know about this company efsol.com.au they provide halal home loans. I'm sending you a link of their sample contract. They have information on their website too. Please help me. I have got pre-approval from the company for a loan. I'm waiting for your approavl. May Allah guide us the right path. Jazakallah Sample contract: https://m.box.com/shared_item/https%3A%2F%2Fapp.box.com%2Fs%2Fx5jppkdwp…
Q: My question is if I was to buy a car for someone which had a value of £15000 which is based as a loan from me to the other person and they will pay me back in monthly instalments until I get my full money back, is this considered as RIBA (Interest)?
Q: My question is can I take donations from others like how it is shown on this web site www.indigogo.com and start my business?
Q: I would like to know if I want to start a business which costs 30000 but don't have enough money. Can I tell my cousin lend me eg. 15000 and tell him to invest 15000 and we go 50/50 and will pay him from my part of profits. Is it jaaiz? Can Mufti Saheb give reason also?
Q: My husband and I want to go for umrah. A relative is prepared to give me a loan against jewellaery that I have. Which is the correct way of doing the loan. The intention is to repay the same loan amount back and receive the jewellery back.
Q: I want to undertake a journey to Masjid-ul-Aqsa. However I do not have sufficient funds. The only asset I have is a car which is worth about R40 000. Can I take a loan to cover the trip maybe in the region of R20 000 and make it to that in the event of anything happening to me the car must be sold and the loan paid?
Q: In the year 2000 I got married, and because I assisted my parents to pay the bond, my mum was concerned how she will still expect me to help her because I was starting a new life. My brother in law (sister's husband) Mr A told my mum Mrs J that he will help her pay off her bond. The bond was R240k, so he told us that he will put R200k and we must find the balance, which we did. Mr A's 'deal' was that until my parents are alive they will live in the house, even if one had to pass away, the other will still live in the house. Mr and Mrs J were to have saw to the general expenses, lights and water, rates, plumbing problems etc etc.
In the event of the house being sold, Mr A would get his 'expenses', when asked at that time, what was the expenses we were told R240k including lawyers costs.
The house is on my name. During this time I travelled from Pta to Dbn since the title deeds of the said house was used by Mr A - he used the house as a guarantor, to take an overdraft from the bank which at that time I was told was being used for HIS business purposes, and I had to come and sign the documents for this.
On the 27th April 2011, Mr A made mention to Mrs J that the house expenses to him is now standing at R500K.... On the 17/05/2011, Mr A phoned Mrs J to say that arrangements must be made to transfer the house to himself.
At no time ever did Mr A state to us that the costs paid in the year 2000 will increase on an annual basis. Mr A states that the overdraft he took out at that time, we are liable to pay the interest on this. I then asked two questions:
Now since the 17/05/2011 after I asked these questions, Mr A says he just wants his 'expenses' of R500k, he doesn't care if we take out a bond or whatever, he wants this costs! He maintains that he did tell us that if the house gets sold, he will get HIS EXPENSES - which I say again was NEVER ever told that it would be an annual increase or that we must pay the interest on the Overdraft that was taken out, I must add, for HIS business...
Please help urgently, what is the Shariah ruling for this DEAL?