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

Question: repaying after three months.” (The amount of profit was not fixed so that it may not fall into the category of interest.) When the time of repayment ..

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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..

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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..

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Repaying debt at the present value

Question: repay it, is it compulsory for him according to Shari’ah to repay only a million [rupees] or does he need to repay more amount of money according to t..

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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..

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Selling an Inherited Item Before Taking Possession of it

Answer: loan (عارية), deposit (وديعة), or pledge (رهن), mere contract does not make the buyer the possessor unless the item is present with him at the time of..

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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..

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Fixing a percentage on a loan?

Question: repayment period is up to 20 years. The interest rate has been fixed at 12% which the borrower has to pay in addition to the original borrowed amount...

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