Category : Loans and debts

  • Mortgage, specific situation

    29 Jun 2021 Ref-No#: 3036

    Salam Dear Shayukh. Thank you so much for offering this service. My question is re: mortgages, but this question is perhaps quite specific to my circumstances. My father lives in a homeless shelter after he separated from my mum, renting via the UK council after he had to sell...


  • Enjoying Free Services against given Loan.

    17 Feb 2019 Ref-No#: 1367

    Aslamo-alaekum. As we all know ‘Riba/Usury’ is ‘Unjustified increment in borrowing or lending money, paid in kind or in money above the amount of loan’. If someone takes loan ($1000) from you and pay you back the same amount which is ($1000) after one year, b...


  • Loan Interest Hukm

    25 Oct 2018 Ref-No#: 1144

    Assalamu’alaikoom Ya Mufti, Please kindly explain to me why a conventional loan annuity interest that is originally Haram due to Riba can change to Halal after the said interest is converted to Ujrah and the said Loan Transaction is converted to the ‘Aqad Ijarah. Jazakallah khair....


  • Property investment

    15 Oct 2018 Ref-No#: 1095

    As Salaam Ua Alaikum. As one would invest in a company by buying shares and remaining a silent investor having absolutely no input in the day to Day running of the company and simply taking ones dividend at the end a particular period. (For example buying shares in Apple stock – you have no...


  • Bequest for an heir

    27 Feb 2018 Ref-No#: 431

    Assalamu alaykum, My husband passed away last month cause of cancer. During his life he told his lawyer that all debts due to him should be given to me. Now that he passed away, will I be entitled to receive all these debts? ...


  • Paying off the debt of the deceased

    26 Feb 2018 Ref-No#: 302

    Assalamu ‘alaykum wa rahmatullahi wa barakatuhu Mufti Sahab, Recently a brother passed away (rahimahullah), and we’ve been informed that he left behind a debt of 180’000 euros to privates and 200’000 to business/bank (I don’t know precisely). Now, the widowed “wife” is...


  • Purchasing something re-possessed by the bank

    26 Feb 2018 Ref-No#: 276

    Assalamu alaykum Mufti, I would appreciate if you could kindly assist with the following:What is the ruling of repossessed items? Is it permissible to purchase re-possessed items from the bank? What is a person already purchased such items? Thanks ...


  • Seller knowing that the customer is paying with money loaned from the bank

    26 Feb 2018 Ref-No#: 242

    Assalamu alaykum wa rahmatullahi wa barakatuhu If a buyer pays with a cheque, and the seller knows that the buyer took a loan from the bank to pay for his goods, will it be permissible for him to conclude the deal? Likewise, if I sell cars and I know the customer is financing it thr...


  • Sellers knows money is from bank

    26 Feb 2018 Ref-No#: 236

    Assalamu alaykum, If a buyer pays with a cheque, and the seller knows that the buyer Took a loan from the bank to pay for his goods, will it be permissible for him to conclude the deal? ...