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I want to know what is the Islamic ruling on a person, if one dies before paying off his student loan. Please note that this loan automatically clears off after 25 years or after death…

Riba

02 Mar

…This loan has fixed rate of interest which is applied once. At the time I took the loan I was unaware of the punishment for Riba, which I regret now. However now I have become more practicing and seeking Allah’s forgiveness. The question is if one dies without paying off this loan would they be […]

Is it permissible for someone to celebrate one year marking the establishment of their business?

Riba

02 Mar

Celebrating silver, gold or diamond jubilees Some companies or administrations celebrate 25 years since the founding, and they call that a silver jubilee. They also celebrate after 50 years, and call that a golden jubilee, and after 75 years they call it a diamond jubilee and so on. Are these celebrations Sunnah or an innovation?. […]

If I know that the money given to me was from the lottery, can I still accept from a friend as a gift?

Riba

02 Mar

Yes.

Can we give the interest amount received from bank on our account in charity? Charity for studies, marriage, medical expense of our poor relatives.

Riba

02 Mar

Yes, you can but this is not a charity per se, but rather cleansing your money from such forbidden income. Of course this is in the case that you are forced to take it and there are no other current accounts that don’t give interest on deposits.

I bought a house with riba and I have to pay about 800 euro a month for my mortgage for 30 years, after this time the house is mine. This payment each month does not increase or decrease. My heart is not attached to this house. I detest this state of mine

Riba

02 Mar

What you had done was wrong and a sin. You must repent to Allah and ask Him for forgiveness. As for the house, as long as you have bought it and the price is fixed and whether you sell it or keep it, the price is fixed, in this case, you should stay in the […]

Is it allowed to eat from a person who has attained wealth unlawfully (haram money) and is it permissible to accept haram money from a person that has attained haram money

Riba

02 Mar

It is permissible to accept a gift that was earned through haram means as long as it is not itself stolen. The burden is on that individual who earned it but once it is given as a gift, it becomes lawful for the recipient.

If I know that the money given to me was from the lottery am I still able to accept from a friend as a gift?

Riba

02 Mar

Yes.

Can someone buy the house from me through getting a mortgage from the bank?

Riba

02 Mar

The answer is yes as you are selling and it is not to you whether he gets it from a bank or from somewhere else.

In the past I bought a house with interest. Now I have decided to sell it, but then I will have to rent and that is more expensive than a mortage with interest.

Riba

02 Mar

If you got the house in the past without knowing, you shouldn’t sell the house as this would suffer loss and you will still pay the interest remaining. If they will keep on increasing the rate of interest due to inflation prices, you should sell. But if the final price is set and whether you […]

Can we give in charity the interest received from bank on our a/c? Charities like -on studies, marraige, medical of our poor relatives.

Riba

02 Mar

Yes, you can but this is not a charity per se, but rather cleansing your money from such forbidden income. Of course this is in the case that you are forced to take it and there are no other current accounts that don’t give interest on deposites.

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