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View By Subject 25 fatwas
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Dropping an amount of the due price for hasting in paying some of it cash
I am working asSr. Area Manager, in Singer Pakistan Limited, Rawalpindi, Pakistan. My company Manufacture and imports domestic products and sell it on installment higher than the cash price on 6, 9, 15, 18, and 24 months installment for each period markup is different in percentage. There is also an option that if a customer pays with.. More
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Wants to buy out his business partner in Halal manner
I have a partner who wants to sell his part in an ice cream factory to another party. At the moment I do not have money enough to buy his part.
The question is: I want to borrow the money from an industrial bank in Syria but they will take some interest on this amount of money. Is it Halal?
The second question is that if I wanted to give my partner.. More
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Buying on installments free of interest
Can I buy a motorcycle on many installments free of interest?
.. More
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Buying a house on installments for more than the sale price
Can I arrange to buy a house over a long period of time at a price higher than if I paid the sale price in cash?.. More
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Installment sales
I had been a government servant in my country and at that time there was an allotment of housing facilities for a certain class of employee and I satisfied all the requirements. However, the condition for getting the apartment was that:
1) If I pay one installment the price of the apartment would be 160,0000. If I pay installments over 10 years.. More
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Buying a House from Someone and Paying Him Profit
What is the Fatwa if I want to buy a house with interest? Can someone buy a house for me and I pay him monthly payment with no interest but with a little profit on what he paid for the house?
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Leasing a Car
Is it Halal or Haram to take car or other utilities of home through leasing or Mudaraba? In this process a Leasing company provides a car to someone taking some amount from that person and paying remaining amount on his behalf to completely pay the price of vehicle (car). They person has to pay the amount to the company in installments, usually up to.. More
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Purchasing car on Installment
1. What is the Shariah ruling on purchasing items (such as car) by installment? Can this type of transaction be considered as usury (Riba)?2. What conditions should a Muslim meet before taking a loan?.. More
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Buying on installments
I want to buy something for my children (bedroom). It's price = x if I buy it completely, and it's price = x + 5% of (x/2) if I take it now and pay it off into monthly payments. Is this "RIBA"? Please, your answer is very important for me... More
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Buying a Car on Installments With Interest
What's the Islamic ruling regarding a person who wants to buy a car with monthly installments? There is no other alternative and the payments are subject to interest rates.
.. More
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