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View By Subject 85 fatwas
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Borrowing from someone who took a loan from bank
My friend took some money from a bank as a loan which he has to pay certain amount as interest while settling it back. I am constructing a new house and planning to borrow some money from my friend. Will I be liable for the sin of using a haram money for a noble cause?
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The ruling on a debt guarantee is determined by the form of the guarantee
Thirty years ago, my father guaranteed to settle a sum of three hundred pounds, a debt that his brother owed. My uncle died and my father could not pay. The creditor died and my father fears that he will die before he settles the debt, as the inheritors of the creditor cannot be traced. What is the religious point of view with regard to settling this.. More
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Settling others’ debts is not obligatory
I have a dispute with my older brother. The cause of it is that we traveled to a foreign country to earn some money and help our family, but my brother did not pay heed to the limits of Sharee‘ah, and thus he got money from people and did not pay them back. I settled many debts for him whenever I heard someone demanding money from him so that Allaah.. More
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A debt is not annulled by the indebted lacking financial resources or by the death of the creditor
How should I settle a debt after the death of the creditor, who, may Allaah have mercy upon him, knew that the debtor could not pay him back earlier?.. More
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Taking a loan from someone whose money is purely unlawful
asalamu alaikum, I want to borrow money from someone so i can start a business, this person that i want to borrow from his money is haram (his money is not halal money mixed with haram but all of his money is haram), i want to borrow money from him and use this money to build houses and them sell them or rent them out to people, will the money.. More
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A debtor may have his debts settled by charitable people, even if they are his grandparents
I come from a noble and rich family, but I was young when my debts accumulated for many reasons. I admit that such debts were not caused by spending money in disobeying Allaah The Almighty. Now, I am married and have some children and I must provide for them. However, I am retired and my salary does not meet the needs of my family. I have two rich.. More
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Lending money to someone to pay back his bank loan
asslaamu alaikkum . sir, can i lend money to my friend bcoz he want to pay his bank loan or something like that.. More
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A debtor traveling to another country without the permission of the creditor
i have a few question Question A-i am leaving australia soon and am moving to egypt for good but i have some debt that i have to pay small amount .am i able to leave and pay the debt while i am in egypt question b- i had enetred into a contract with the home phone and internet company and the contract was in my name and my mother made me cancel it.. More
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Wants to apply for bankruptcy to get rid of her student loan
Assalaamu aliakum, If the person who had taken a student loan before marriage and now she doesn't work, only her husband works and has 3 children. husband doesn't want to give money for loan because he feels its not his responsibility because it was taken when she was single. and also husband does not want her to use the money her children get from.. More
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Her brother borrowed her money and does not talk about it
assalam u alaikum i am married to my cousin, masha allah for 24 years. as he knows my family problem andi know his. there is nothing to hide. my brother is a docter when he got married he was not working he took 2lakhs from us to go to honeymoon in 2003/ in 2005 he told he will give me back in 3 years another time he took 50 thousand in 2008 my problem.. More
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His father procrastinates in repaying his debts to people
Salaam Alaykum Sheikh, My father had taken numerous amount of money from friends and many other people. All this was happened due to unemployment for over a period of eight years. Now, Alhamdulillah, he is working with sufficient salary. But after our rectification he is not returning those verified amount to those who helped us but instead my father.. More
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A borrower has to pay back the same amount of loan regardless of inflation
Assalam alaikum, My uncle (father's brother) helped my father to buy a flat in Bombay by
paying full amount of Rs.22,000/- in 1970. He told my father to consider half amount of
flat (Rs.11,000/-) as a gift and balance half amount as a loan. My father returned
Rs.3000/- in three years when a dispute came between them regarding my grandfather's.. More
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Repaying a loan along with a fixed percentage to cover its costs
Am intending to do a business of loaning money to family and close friends. The terms are repayment in 4-6months together with 10% more of the loaned money. this is to cover for the logistics involved, e.g lawyers charges, drawing a loan contract. There are no guarantees involved in this loaning. Is this considered as interest. Jazakallahul Kheir... More
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Repaying a government study loan in a non-Muslim country
And secondly, I've taked a riba-based loans for longtime ago and I have repended from it alhamdulillah rabil alameen. I havent payed back yet and if I should do it I dont know how i should payed back, it continues to grow all the time and the money I get from the state for studying is not enough to pay it off. With my full hijab am not able to get.. More
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Borrowing money from a non-Muslim or from a Muslim who gains money unlawfully
Salam moe’alaikoem brothers and sisters in Faith,
Now that i know that a Moslim is not allowed to live in an non-Muslim country i have decided to make hijra to my birth-country. To generate a source of income I have decided to start my own business. However, I don’t have the money to finance the business. Lending money with riba is of course.. More
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