ANSWER:

You need to pay the principal amount while repenting to Allah as you will still have to pay for that on the day of judgement unless Allah forgives you.

QUESTION: Over the years I have accumulated a lot of debts. Some of credit cards and some of phone companies. Some of the companies have even been closed. But I know that debt has still to be given in charity. I want to know if I have to pay the interest or the other fines that the companies had imposed on me or just the principal amount..

Loans | February 7, 2025 6:29 pm
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QUESTION: Imagine two individuals, X, and Y. Person X lent 1 lakh (100,000) to Y to help start a business. X wants to receive a specific percentage of the profits Y earns from that 1 lakh after a certain period. Will the profit that X receives be halal?
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QUESTION: I had selected one property which would be purchased by the financing agent first and then they will be selling this property to me at a fixed rate that I will be paying in installments for 5 years. It is Ijara contract type, insurance cost is covered by agent. After the contract duration property will be transferred to me. Is this transaction is free of Riba.