What is the ruling of taking benefit from a loan?
Answer: repayable amount is set to be higher than the borrowed amount, this will be considered interest. Taking and giving money in this manner is unlawful (H..
Receiving Benefits On The Condition Of A Specific Amount In A Current Account Is Interest
Answer: loan. Offering conditional benefits on a loan is considered interest, whether the benefit is in the form of money, tangible items, or other advantages..
A Scenario In Which Profit On Bonds Issued By A Private Bank Becomes Ribah
Answer: loan in its nature. And both receiving profit on a loan and participating in a lucky draw (due to the loan) are forms of receiving profit (i.e. intere..
The Ruling On The Sacrifice Wajib For A Person Having No Cash
Answer: loan or selling some of his belongings. (Fatawa Razawiyyah, vol. 20, p. 370, Raza Foundation, Lahore) It is mentioned in Waqar-ul-Fatawa: Sacrific..
Paying Advance Wages Before Month End Is Not Obligatory
Answer: loan. Helping someone in need by providing a loan is a good act of virtue. If it is possible, you should consider doing so, but it is not obligatory. ..
What Is The Ruling On Buying A Digital Prize Bond ?
Answer: loan. This is supported by the fact that the DPB holder grants permission to utilize this money, and upon withdrawal, they can receive an equivalent a..
What If Both Partners Work But Only One Invests
Answer: loan half of the investment amount to your friend. Then you make a partnership in restaurant business in such a way that you invest your remaining amo..
Ruling Regarding Zakat When There Is No Hope Of Debt Recovery
Question: repay, they do acknowledge the debt but complain of financial hardship. Due to increasing inflation, I have nearly lost hope of recovering this money...
Is Credit Sale of Gold Permissible Instead of a Loan?
Question: 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 200,000 rupees, so I w..
