Riba

I was born into a Muslim family but I didn’t have much guidance, because my family are more cultural than Islamic. Nonetheless I found islam and I started to look into my deen half way through my degree and I became practising alhamdulillah (and this my family had problems with). But my biggest problem is that I took a loan out to fund my education. Now each day that goes by interest is being added. What do I do? I have checked the terms and conditions of the student loans and it says that if you die the government clears the debt for you. But what do I do? Do I pay it back ASAP?

Riba

14 Apr

You must pay off this loan ASAP and you must not take any other loan.

My husband is going to rent an apartment however in the lease there is usually a riba clause. This is a standard lease in the city. The clause usually states that riba would be charged if payment is delayed beyond a certain date every month. Alhumdulillah my husband pays the rent on time but can we sign this lease? Is it sinful to do so? Please note its the standard lease paper that is used by almost every person who is renting out an apartment.

Riba

14 Apr

This is not permissible to sign it as it is acknowledging the validity of Riba. This clause must be crossed out.

Is the landlord taking heavy deposit for property he rents out permissible in Islam? These are of 3 kinds: 1. Take a huge sum (usually 10+% of the property) & let the person use it for a fixed period. Then return the sum as it is & he returns the property. 2. Same as case one, but charge him nominal rent, for bills, etc. 3. Take a small sum (usually

Riba

25 Sep

Option 1 and 2 are Riba. Option 3 is permissible.

Is the landlord taking heavy deposit for property he rents out permissible in Islam? These are of 3 kinds: 1. Take a huge sum (usually 10+% of the property) & let the person use it for a fixed period. Then return the sum as it is & he returns the property. 2. Same as case one, but charge him nominal rent, for bills, etc. 3. Take a small sum (usually <3%) as a security deposit (for damages or non-payment) & charge a high market rate rent

Riba

25 Sep

Option 1 and 2 are Riba. Option 3 is permissible.

A house is being given on rent for 8000 rupees monthly. The owner is saying that if we give 300000 rupees as security, he will reduce the rent to 3000 rupees monthly. And when we leave the house, he will return the 300000 rupees security. Is this permissible?

Riba

21 Sep

This is riba and it is prohibited.

I attended a marriage function. I was later told that the host dealt with riba. I had lunch at the marriage. Please guide us if we can accept invitation and eat at someone’s place who takes interest.

Riba

19 Aug

No problem if it is not a mixed party.

An Islamic Bank in Dubai is issuing a Credit Card, if we don’t pay the amount on time then they will charge a fix amount as default fee, is this is permissible

Riba

13 Jul

No, this is riba!

Assalamu alaikum. is it haram to accept a giftfrom people who take rebbah ? explain plz

Riba

07 May

Wa alaikum assalam, No, it is not haraam.

Asalam Aleikum, Is it ok for a muslim to invest in shares from companies that yielddividends.companies that do halal business.Shukran, Fatuma.

Riba

21 Apr

Wa alaikum salaam, If they don’t deal in haram or finance in RIBA, this is permissible.

It is allowed in Islam to earn money by importing Gutka (South Asians eating Tobacco leaves packed in sachet)?

Riba

02 Mar

It is forbidden to sell haram things or cooperate in doing so.

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