Fixing a percentage on a loan?

Question: purchase of houses and flats, and the repayment period is up to 20 years. The interest rate has been fixed at 12% which the borrower has to pay in add..

Buying And Selling Human Hair In Islam

Question: purchase male and especially female hair with some part of its root, up to the rate of 8,000 Rs. per kilo. The public are selling the hair of their f..

Ruling Regarding Zakat When There Is No Hope Of Debt Recovery

Answer: purchase is a strong debt.(Fatawa Razaviyyah, Vol. 10, p. 162, Raza Foundation, Lahore) He [رحمة الله عليه] further states regarding zakat on stro..

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

Question: purchase machinery for their parlor and gym at a 50% discount. So, would it be permissible for me to have a share in the profit they gained? Please g..

Ruling Regarding Not Specifying Ratio Of Profit Sharing In A Partnership

Answer: sale and Ijarah (i.e. they are considered invalid if the payment is unknown). Also, from the conditions of partnership is that the profit must be as J..

What Is Shariah Ruling For A Partner Who Wants To Sell A Co-Owned Plot While The Other Refuses To Do So

Answer: sale or any other means.(Tanveerul Absar Ma Durrul Mukhtar, Vol 04, Page 299, Beirut) In Shirkatul Milk a partner has liberty to sell his share as..

How Can Someone Take Possession Of Goods Located In Another City?

Answer: sale, the transaction would be considered invalid (فاسد), and it would be obligatory for both parties to annul the deal. It has been mentioned in ..

Is It Permissible To Sell Men's Bracelets?

Answer: sale of impermissible jewelry, states: ” لوہے پیتل وغیرہ کی انگوٹھی جس کا پہننا مرد اور عورت دونوں کے لئے ناجائز ہے اس کا بیچنا مکروہ ہے۔“ Tra..