Loans

ANSWER: It is not permissible to take interest based loan at all, it is totally prohibited. You shouldn’t have gotten into such a prohibited transaction in the first place without measuring the consequences! Try to take a halal loan from family or friends.

I helped a person out with money and in the end I helped him with over £5000 in money. I worked extremely hard for this money and he has not given any of my money back. I have asked him many times for it. He keeps saying he will return it and makes up excuses and lies. I will not go to anyone about this but I wanted to know will I ever get my money back? I have been making dua

Loans

11 Apr

ANSWER: You should take him to the cops if you have the paperwork where he had signed that you gave him this money or the bank transfer statements. If there are no witnesses and you don’t have a paper proving this, you have only yourself to blame!

I read a hadith that says there are three individuals that, when they supplicate to Allah (Azz’ Wa Jal), their supplication is not answered. One of them was a man to whom another man owes money and he does not have witnesses over him. Does this mean if you let somebody borrow money without having witnesses your dua are not accepted? If so how does one make up for this?

Loans

12 Mar

ANSWER: If the loan is not written down and the debtor denies it or takes a long time to repay it, then the lender has no one to blame but himself, because he exposed his property to loss. And in this case , Duaa of this person will not be answered.

I borrow some amount from my sister now I Have to return that amount but I will not return all money at one time she know this thing and she didn’t have any problems. Can I use my interest money to remove my debt(karz) can my sister take that money

Loans, Riba

24 Feb

ANSWER: No, you cannot repay your debt from the interest money. You must not utilize this haram money for your own benefit. This needs to be given to the poor and needy muslims.

I am planning to buy car on finance monthly installatment but the dealer said they will increase the price in order to make interest free. They might add interest or profit to increase the price but it is not clear. Is it halal if they add interest to increase the price of the car than the cash price as I will pay monthly installatment?

Halal/Haram Matters, Loans

23 Jan

ANSWER: If they fix the price beforehand and sell the car for you for say 120,000 and the actual price of the car is 100,000 and this 120,000 would not change at the end and you pay in monthly installments for say 5 years, this is permissible, providing the dealers own the car beforehand.

How to deal Islamicaly with somebody that owes you money for a long time and dosen`t pay you back or makes excuses.

Loans

15 Sep

You ask him to return the money back and pressurise him unless he is needy!

In reply to the answer u given One of our bank operating as It saying Islamic Bank If we deposite money they give Profit But if we borrow Loan when we pay that again we want to pay more than loan amount what is that an Islamic bank or not?? Can we do transaction with it ??

Loans

07 Sep

Kindly refer to the following link(s): https://m.youtube.com/watch?v=lxjZICIj1cs https://m.youtube.com/watch?v=o2QSZA-QJV8

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