Rulings Regarding Buying A Plot On Installments And Imposing A Fine On Late Installments

Answer: riba and riba is Haram (prohibited) in Islam. It must be known that concluding a deal without fixing the price of a plot or the duration of its pa..

Fixing a percentage on a loan?

Answer: Riba (usury); just as it is unlawful (Haraam) to take Riba (interest), it is also unlawful to pay interest and to form an interest-based agreement wit..

What is the ruling of taking benefit from a loan?

Answer: Riba (interest). As such, you cannot adopt this method. This is because according to the Shari’ah, the money that you will give to that individual is ..