Is Credit Sale of Gold Permissible Instead of a Loan?

Question: person wants to take a loan from me, and I also want to earn a profit from him. So, we have adopted the following method: the borrower needs a loan of..

Ruling On Imposing The Loss On The Borrower Due To Late Repayment

Answer: person who received the token money is obligated to return it. About the prohibition of riba, the Qur’an says: ﴿وَ اَحَلَّ اللّٰهُ الْبَیْعَ وَ حَرّ..

Ruling On Benefitting From Goods Bought On Credit

Answer: person does not enact due to lack of ownership and authority. (Fatawa Alamgiri, vol. 4, p. 461, Dar-ul-Kutub Al-Ilmiyyah) While stating the ruling of..