Loans

QUESTION: My maternal uncle helps my mother at the time of death of my father, financially but now he claims that it was loan and we have to return. Is it permissible because we never thought he was giving us loan money

Loans

22 Dec

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.

QUESTION: I have taken a loan to start a business and its incurring interest. How do i avoid the consequences of riba? Should i give the interest amount in charity ?

Loans, Riba

06 Dec

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 […]

QUESTION: Can we take loan on interest in case of any emergency like medical emergency?

Loans, Riba

22 Sep

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

QUESTION: I live in a kufr country and I took a loan with interest, I transferred it to a person who then blocked me, I didn’t even spend it on anything and I regretted having done all that. When I delayed paying the loan they called me and sent me gmails but currently they don’t call me or send me messages. Should I still pay that loan?

Character and Morals, Loans, Riba

06 Jun

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 […]

QUESTION: My uncle borrowed money and my father was the guarantor but my father died and uncle is not returning money. Is the sin on my father?

Funerals, Loans

06 Jun

ANSWER: There is no sin on your father as his liability was limited to his life.

QUESTION: Does the ruling for a debt owed to non-Muslims differ from that owed to Muslims? Are we obliged to pay the non-Muslims back?

Loans, Religions

06 May

ANSWER: The ruling is the same! Of course you must pay back the debts even to non muslims!

QUESTION: Can we give zakat to pay someone’s bank loan? This sister’s husband took loan with interest but he died now his wife has to pay. The bank has forgiven the interest rate but not the principal amount.

Loans, Riba, Zakat

17 Mar

ANSWER: If the loan is on the sister and she is forced to pay it off, this is permissible but it is not permissible to pay off an interest loan from zakat especially if it was on someone who is dead.

QUESTION: I (FEMALE) live in USA and want to pursue higher education in medical field which is quite expensive. And my family is not that well off. Student loans charge 15% interest…and interest is haram. What should I do? If I take a student loan, will everything after that, including my education and job be considered haram?

Jobs, Loans, Riba

06 Feb

ANSWER: This is totally prohibited and one of the major sins in Islam for which Allah has waged a war against someone who deals in riba. It is very simple: If you can’t afford it, don’t do it!

QUESTION: I am a Muslim revert and I took out a student loan before I became muslim. After becoming muslim I became a housewife and had kids. I have not had an income since then as I have always had a small child to care for. My question is, am I obligated to pay this student loan and will the debt keep me out of jannah.

Loans, Riba

21 Jan

ANSWER: As long as you don’t have money to pay it off and their system is that if you are not earning, then you are exempted from paying it off, there is no problem.

QUESTION: I took a loan from bank to complete my studies at that time i signed an agreement that it will be an interest free loan but now at the time of repayment i was informed that i have to pay an interest of $60 on the principle amount as the policy changed. Now i have to pay this interest with the principle amount as well. Can please someone guide me that how i can islamically void this interest?

Loans, Riba

14 Jan

ANSWER: You must challenge it and refuse to pay it as this goes against the initial agreement and had you known that you would not have taken the loan. If you could not fight it legally and was forced to pay it, then you can pay it without any sin on you.

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