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Interest
If only part of a loan is potentially interestbased is all of it haram or only that part
SaveIs It Permissible to Sell Back to the Seller What Has Not Yet Been Received?
There is nothing wrong with you selling back to the seller the dates that he owes you in return for Dinars, on condition that it is at the current market price. There is also nothing wrong with delaying payment in full or in part, because when selling the dates for Dinars, there is no stipulation that the exchange should take place on the spot, before parting.SaveIs It Permissible to Take an Interest-Based Loan?
It is not permissible for the lender to stipulate in a loan contract that the borrower must pay back the loan with more than he took. It is permissible to make the borrower pay the costs of issuing the loan and other related services, on condition that the amount paid is equal to the real costs involved in issuing the loan.SaveAlternatives for Islamic Banks to Avoid Late-Payment Charges
Alternatives for Islamic Banks to avoid late-payment charges include: 1- the bank appointing someone as a guarantor; 2- the bank taking something in mortgage; 3- the bank stipulating that the customer should open an account in the bank; and 4- the bank putting the customer on a blacklist.SaveThe property owner is asking for payment in advance, and at the end of the contract he will give it back, in return for a reduction in the monthly rent
SaveAs part of their studies, they are required to do one month’s training in a riba-based bank
SaveShould he give the interest to his parents so that they can pay off their debts?
SaveRuling on paying back a riba-based loan that was taken out by his father
SaveA late-payment penalty was stipulated in the event of late payment of rent by the tenant
SaveSeller stipulating that interest be paid in the event of any delay in paying the deferred balance
Save