Using a loan that was taken on interest
Q: My husband took a loan. The loan was taken with interest. He bought a phone with that money. Can I use his phone for a online shopping? Is it haaram?
interest
Phone purchased with an interest bearing loan
Q: My husband took a loan few months ago. Then he bought a mobile phone with those rupees. Can I use his phone? Is it halaal for me?
Taking a loan from the bank to purchase a house
Q: I am from India. We are three bothers and we have only one home. With the grace of Allah (Ta'ala) coming year I will get married. So, I was thinking of buying a home. As I don't have enough money. I need to take a loan. But here in India we don't have Islamic banking. And I don't have other means to get that required amount. What is best for me? As there is Riba involved if I want to buy a flat from the banks which follow non-islamic banking.
Avoiding interest when paying off a loan
Q: I would like to perform hajj in the near future so I need to pay off two loans. I have student loans from over a decade ago that I would like to pay off in full. However, I don’t want to pay the interest that has accumulated on these loans. If I can settle to pay just the amount of the original loan, will that be permissible? Also, I have an outstanding loan from a certain company. If the company agrees to let me pay just a percentage to have the entire loan forgiven, is that permissible?
Haram loan se koi cheez khareedna
Q: Bank se loan lena haram hai. Agar koi us paison se kuch kharidoo to kya wo bhi haram cheez ho jati hai?
Bank se qardh lena
Q: I have two question. Kya kaafir bank se qarza le sakte hai? Dosra ke namaz me niat dil me hi krni chiye ya zaban se alfaz bol kar karni chahiye?
Incoming of a banker
Q: Is a banker's income halaal? Is it fine to marry them as some people say their income is based on sood?
Interest
Q: If we deposit some of our savings in a bank account for our children and years later we get that back with profit, is that profit permissible and how does is differ between a boy and a girl?
Riba owr profit me farq
Q: Islam me interests ka pesa haram mana jata hai to phir bank se interest lena theek hai kya? Aur retailers bhi agar kisi shop me cost price se X3 selling price bana ke beche to kya wo haram nai hai? Retail business me phir profit kitna tak lena chahiye? I mean ziyaada lena bhi to sayad haram hai kya?
Home Financing through an Islamic Bank
Q: Our community bank offers Shari’ah compliant home financing which is structured as follows:
1) The Muslim buyer will select the property and the bank will purchase it with a contract for immediate resale to the Muslim purchaser for a fixed amount that will include the bank’s profit.
2) The Muslim buyer will be given a fixed price that will not vary with interest rates.
3) The Muslim buyer will have to sign a contract to buy the house from the bank before the bank purchases the property from the original seller.
4) The bank states that they will take a loan on which they pay interest from a secondary source to finance such a purchase.
5) The bank states that the buyer will have to insure the property.
Is this form of finance permissible and Shari’ah compliant?