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Fiqh: Loan (Qarḍ)

Loan for Hajj

Submitted by Anonymous on Sat, 02/16/2019 - 11:23

We are planning to go to hajj but I am taking loan for that which I will return back before travelling for Haj. Is it allowed in Islam to do that?

Loan-Interest

Submitted by Anonymous on Sun, 10/21/2018 - 14:47

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.

Loan From Bank

Submitted by Anonymous on Tue, 07/31/2018 - 16:23

I wanted to ask that a family member of mine took personal loan from of 3 lac from bank using my details.The agreement made at that point was that my account will only be used to apply for the loan where as the loan amount and all the installments along with interest will be paid by her. At that time i had no idea that interest taking and giving is haram in Islam. I agreed for that , the amount was taken by her and it has been four months the installments have not been given by her , every month giving a reason of not having cash to pay installments.

Loan With Interest

Submitted by Anonymous on Mon, 06/25/2018 - 13:34

Assalam U Alaikum. I am a Muslim brother. I am a student of engineering,also siblings are students of different level. Due to high poverty and having no source of income I need financial support, for which I m seeking for loan somewhere. As far as I know no man can give me such a support, therefore I m compelled for to take loan on interest base. because here my family life include me is toward devastation. what to do in such a case. Can we relate this case with sorah An'am 6:119

Fixed Interest on Student loan

Submitted by Anonymous on Fri, 07/07/2017 - 06:50

I am international student in Germany and my total tuition fee is 28000 Euro. From the university i have an offer that if i can't pay the full amount now then i can pay 10000 euro now and the rest 18000 Euro will be loan from them and on this 18000 Euro i have to pay 5000 Euro total Interest which will not increase than this amount and this total amount 18000+5000= 23000 euro i can pay in 10 year installments. can you please tell me that is this allowed in Islam. Thanks

Education Loan

Submitted by Anonymous on Mon, 01/05/2015 - 09:12

Hi i want to do Master in science after engineering in but the MS is very expensive

i will need loan from bank for MS but it is not allowed i believe , please advice ,

and if there are islamic education loan then please let me knoow

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