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..
Ruling On Investing With A Condition Of Two Riyals Profit Per Piece
Answer: loan since the return of the full amount is agreed upon. Moreover, as due to this loan, Zaid is paying Bakr a profit of two Riyals per piece, it becom..
Purchasing Gold Jewellery In Exchange For A Gold Bar
Answer: loan will be haram and usurious. In the above-mentioned scenario, the gold which is given in exchange for the jewellery is more than the gold pres..
Ruling on Working for Less Due to Having Taken a Loan
Question: loan which you can pay back later, but in exchange for this loan, charge me 1000 rupees per acre for plowing my land. Now the question is, how is it f..
Fixing a percentage on a loan?
Question: loan of up to Rs. 4,500,000 is being given for the construction and purchase of houses and flats, and the repayment period is up to 20 years. The inte..
Ruling On Availing Free Services Without Specific Account Balance?
Answer: loan, and it is permissible to avail these services. However, if the benefits are provided with the condition that a certain amount must be maintained..
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..
A Common Impermissible Agreement Between Steel Mills and Contractors Regarding Buying Steel Rods
Answer: agreements of Istisnaa’: عقد الاستصناع ملزم للطرفین اذا توافرت فیہ شروطہ وھی:بیان جنس الشیء المستصنع ونوعہ وقدرہ واوصافہ المطلوبۃ ومعلومیۃ الثمن وتحد..
