Categories
Answers: 248Interest
Is Gold Loan Allowed in Islam?
Borrowing and lending gold and silver are permissible in Islam, whether the gold and silver are in the form of coins, jewellery, or ingots, so long as you return an equivalent amount at a later time.18,962- 19,899
Living in an apartment that his father bought by riba
- 5,803
Ruling on using the returns on investment certificates for postgraduate education
Can I Receive Zakah to Pay off a Riba-based Loan?
If a person takes a Riba-based loan, it is not permissible to pay off his debt from Zakah funds aimed at helping debtors, unless he repents from having dealt in Riba.18,073- 12,963
Giving a loan with a penalty clause
- 17,224
Ruling on buying fixed-return shares
- 28,669
He is very distressed because of his father’s dealing in riba (usury)
- 166,112
Riba is haram for the one who takes it and the one who pays it, and it is haram to help with it in any way whatsoever
- 28,819
Ruling on helping someone who has repented from riba-based transactions by paying off his loan
- 127,835
The difference between muraabahah and riba-based loans
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