ANSWER: If the financing company buys the property and actually own it without any commitment from your side to buy it and without any down payment, this is permissible if they sell it to you with a fixed final price that can’t change or be increased under any circumstances. But if they take a written […]

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ANSWER: If this is a loan, this is clear riba and one of the major 7 sins in Islam.  If he is a partner or investor, he should also be liable for loss and ready to lose his money if anything goes wrong in the business.  A loan can only be given and taken back […]

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ANSWER: If he didn’t specifically say at that time that its a loan, nor made official papers nor made an agreement in front of 2 muslim male witnesses, what he claims doesn’t count.

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ANSWER: When you pay the lender interest, this is when you are cursed by Allah for taking the riba based loan! Giving extra to charity won’t help you at all as you are not the lender who is accepting the interest. Repent to Allah, feel remorse and ask Him for forgiveness and pay off all […]

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ANSWER: No, this is not permissible  It’s a major sin and Allah has waged a war against people who deal with riba!

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ANSWER: Of course you must return it as its a debt and a major sin if you don’t return it. The Prophet salla allahu alaihi wa sallam said that the sins of a martyr are all erased except the debts.  You must sincerely repent to Allah while showing deep remorse for this major sin of […]

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