Loan

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient (i.e. the borrower) incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.

60133

Loan . Interest . Car
Is it permissible to take a bank loan with interest? And what should a person do if he has such a loan and has already utilized the money such as on a car? Does it affect the permissibility of using that car?
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 6 anni fa

If you take the money from a Non Muslim bank and use it in lawful way, then it is allowed.

If you take the money from a Muslim bank, then you must have with them an agreement within the frame of Islamic rules of business.

Wassalam.
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57057

Khums . Home . Loan
Is the new Khums ruling on setting off home mortgage loans optional? Can one instead continue to pay Khums each year despite having a mortgage, and adjust the monthly mortgage amount for life?
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 6 anni fa

Yes you can continue to pay Khums each year despite having a mortgage and adjust the monthly mortgage amount as expenses.

Wassalam.
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50476

Woman . Khums . Husband . Marriage . Loan
How does an employed married woman calculate the amount of khums if she contributes in the household expenditure with her husband? Can she net off any loans owing by her husband to others or will her khums calculation be independent and separate?
Zaid Alsalami, Shaykh Dr Zaid Alsalami is an Iraqi born scholar, raised in Australia. He obtained a BA from Al-Mustafa University, Qom, and an MA from the Islamic College in London. He also obtained a PhD from... Answered 6 anni fa

Bismihi ta'ala

A woman, single or married, is independent in her takaleef and obligations towards Allah ta'ala, even in financial matters. 

A wife is not obliged to financially contribute to household expenditures, however she is able to do so out of her kind generosity and good-will. She is able to count that as her common expenses. 

As for long-term loans, and her contributing to getting it paid of, it will not exempt her from khums should she have anything entitled for khums on her khums day. 

And Allah knows best. 
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