Loans

In a very extreme situation can one take bank loan? For example in Gambia we have only one islamic bank as their name implies. The situation is i am a student in another country while my wife leaves in my country. We both definitely need each other. We both tried all means to get money for my air fee but impossible.No where to borrow. Can she take lone from this bank?

07 May

If it is a conventional bank, this is prohibited. If it is an Islamic bank, they don’t give loans but rather sell you a commodity and you sell it somewhere else. I would suggest that you don’t borrow from them and be patient until you save enough money.

If we give an amount to borrow to a relative, if they return the amount after 1,5 years, do they have to return the amount we gave them or the value of the exchange rate available on that day? Because the currency value changes.

Loans

09 Apr

Whatever currency you had lent them, they must return it. If you gave it to them in dollars, they must return it dollars, regardless of their own currency!

If in the past there is someone who owes mny to many ppl that they knew and now those ppl have moved on and the person has lost contact with them. How can the person pay the money owed so they are not in debt and not held accountable for the debt in the hereafter also if there is any doubt in mny owed how can that be cleared in life matters

Loans

30 Mar

You have to try to find the owner of that money or his family members and return the money. If this is absolutely not possible, give that amount to Muslim charity on their behalf.