Asking for an increase in repayment of loan.

6 month ago in Finance
Question: Assalamu Alaykum, A few years ago I lent someone $200,000. The arrangement was that he would give me a parcel of land instead of repaying the loan. After two years he is saying he cannot ...

Can I utilize the monies received from bonds?

8 month ago in Finance
Question: Assalaamu Alaikum wa Rahmatullahi wa Barakaatuh,  If one had a money bond and over the years it built up interest, when you went to cash it, is it permissible to use that money towards ...

Raising funds in the Masjid.

1 year ago in Finance, Social Issues
Question: Is it permissible for an imam to raise funds for the towns Islamic school in the masjid via pledges?   Answer: In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum ...

Is this contract bribe?

1 year ago in Finance
Question: In our business we offer the delivery of raw materials to construction companies. Sometimes, when we approach to the representative of a company we offer him a price, for example 200 for ...