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Interest
Alternatives 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.4,153The 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
3,310As part of their studies, they are required to do one month’s training in a riba-based bank
3,964Should he give the interest to his parents so that they can pay off their debts?
4,518Ruling on paying back a riba-based loan that was taken out by his father
6,117A late-payment penalty was stipulated in the event of late payment of rent by the tenant
6,689Seller stipulating that interest be paid in the event of any delay in paying the deferred balance
3,252Forms of receiving [money, in a transaction] include cheques, bank transfers and depositing of money in the [seller’s] account
4,659Ruling on lending old steel for construction if the borrower will give back new steel
1,713Renting from a landlord who bought the property with a riba-based loan (mortgage)
6,812