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Answers: 246Interest
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.4,153- 3,310
The 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
- 3,964
As part of their studies, they are required to do one month’s training in a riba-based bank
- 4,518
Should he give the interest to his parents so that they can pay off their debts?
- 6,117
Ruling on paying back a riba-based loan that was taken out by his father
- 6,689
A late-payment penalty was stipulated in the event of late payment of rent by the tenant
- 3,252
Seller stipulating that interest be paid in the event of any delay in paying the deferred balance
- 4,659
Forms of receiving [money, in a transaction] include cheques, bank transfers and depositing of money in the [seller’s] account
- 1,713
Ruling on lending old steel for construction if the borrower will give back new steel
- 6,812
Renting from a landlord who bought the property with a riba-based loan (mortgage)
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