Is it permissible to buy or sell something at a specific price at a specific time; for example, to agree with someone to sell something for ten dollars on the thirty-first day, where my profit or loss will depend on the price of this thing at that time, and the same applies to buying?
It is permissible to purchase a described commodity to be delivered at a specified future date, provided that the full payment is made at the time of the contract. This […]
Should a long-term debt be returned on the due date for the amount previously borrowed or its current value today?
Some scholars rule that it gets paid with the same amount promised in the past regardless of the difference in value.Some scholars rule that it gets paid with the same […]
Is it permissible to transfer an interest-based debt to a non-interest based debt or to a 0% interest rate debt, so the interest can be reduced or eliminated? If permissible, can I do it for one of my family members using my card?
When someone is already in debt with an interest-bearing debt and that person can transfer the interest-bearing debt to a 0% interest or to a reduced interest rate debt, then […]
What are the proper Islamic steps that should be taken before the distribution of money after death?
There are three parts outlining what is to be distributed after death:· First: expenses and debts· Second: wassiyyah· Third: fara’id/obligations of Islamic inheritance distribution.
If the money saved for ‘Umrah cannot cover but one thing – paying the debt installment or ‘Umrah, which should come first?
If performing the ‘Umrah would prevent the payment of the debt installment in itsdue time, then one should pay the debt installment and not go to Umrah.
