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View By Subject 85 fatwas
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How to call witness for a little amount
The holy Qur'an mentions about keeping witnesses while lending or borrowing money. So, is there any condition for practicing the rule? I mean, if I lend someone as little as 5 or 10 dollar should I keep witness... More
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Taking Loans From University With Interest
I'm a postgraduate student in Canada, but originally I'm from Egypt. I've been here in Canada a year. I have a relative, who has finished the High school in Canada and is starting her undergraduate studies at a Canadian University. This relative has the Canadian citizenship. I want to declare that her case is not an individual one, but a common case.. More
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Returning a Free Loan with Profit
If someone extends a free loan "Qardh Al-Hasanah" as a gesture of help without any conditions and the borrower, while using it in business, realizes a handsome profit, will be right if he returns the loan with a part of the realized profit, in reciprocation of his sincere help.
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Student with Family Wants to Take Educational Loan
I am a Muslim living in North America and I fear Allah. I am mechanical engineer but I can't find a job right now and I am receiving financial aid from the goverment of Canada.My question is can I get a loan from the goverment through the bank to take a master degree in engineering? I have my wife and three kids.
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Organizations which may give interest-free loans
What can a Muslim do in regards to taking out a loan free of interest? Please could you let me know if there are any existing organisations which provide for Muslims in such circumstances.Jazak-Allah Khair.
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Took a usurious loan and doesn't have peace of mind
I have taken a loan on which I am paying interest. The circumstances were and are such that I have to go for loans, due to which I don't have peace of mind. Show me the way to come out of this... More
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Repaying a debt with stolen clothes
A person borrowed some money from me and refused to pay because he didn't have the money. Later, he brought some new clothes to me instead of my money. People who know him say that he stole them from shops. What should I do to get my money, if I`m sure that his money is haram?
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Repaying School Loan with Interest After Graduation
I was careless about borrowing money for school with interest and knew that it is haram to do so but I was immature and not yet responsible. Right now I owe about 40,000 and I don't see how, on my current income, I will be able to pay even half of it. The interest on that loan was partially paid by the federal government and I will have to pay the principal,.. More
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Microfinance or Microcredit
Microfinance or microcredit is a wide spread method of providing the poor with access allowing them to borrow from banks that are established specifically to provide this credit facility. The loans that are given in small amounts, usually between US 100 and 1500, and are repaid to the micro- finance institution with a high interest rate that somtimes.. More
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Now has money he borrowed 20 years ago, how much should be repaid?
I had borrowed SR10000 for one year. But I could not pay it back because I did not have the money. After 20 years I have the money. Do I have to pay only 10000 or do I have to pay any more taking into consideration that the value of that amount after 20 years does not equal more than 1/10 of the value when I took the money?.. More
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