Past Debts, Preparation of Will and Funeral

Ustadh Farid Dingle is asked about paying past debts, how to prepare one’s will including instructions for one’s funeral and what must be done.   Question: Assalam alaykum wa rahmat Allah wa barakatuh. 1. In the past I wronged my employer, I recently explained to him what I did and offered to pay him back […]

Is It Permissible to Give a Guarantee to a Bank?

Answered by Ustadh Tabraze Azam Question: Assalam alaykum What is ruling on taking a loan by giving gold as security to bank but also paying some amount to the lender/bank till the debt is cleared? Answer: Assalamu alaikum wa rahmatullah, It is permissible to give a guarantee or collateral (rahn) to the creditor if he […]

My Fiancé Is Willing to Put Me Into Debt for a Ring. What Do I Do?

Answered by Ustadha Raidah Shah Idil Question: Assalam alaykum, My fiancé has asked for an engagement ring (5670 pounds), which I cannot afford unless I take out a loan. Her family is very wealthy, so she is used to a certain level of living. What do I do? Answer: Assalam alaykum wa rahmat Allah wa […]

Prophetic Cure to Remove Worry and Relieve Debt, by Shaykh Faraz Rabbani

Shaykh Faraz Rabbani shares a prophetic narration (hadith) from the Prophet Muhammad ﷺ, where he teaches one of the companions, Abu Umama (may Allah be pleased with him), an expression to remove his worry and relieve his debt. The expressions is: اللَّهُمَّ إِنِّي أَعُوذُ بِكَ مِنَ الْهَمِّ وَالْحَزَنِ وَأَعُوذُ بِكَ مِنَ الْعَجْزِ وَالْكَسَلِ وَأَعُوذُ بِكَ […]

Can I Use the Belongings Left by a Person Who Didn’t Pay Rent and Ran Away?

Answered by Shaykh Umer Mian Question: As Salam Alaykum, What is the ruling of using the kitchen stuff left by a person who ran away and didn’t pay the rent for his lodgings within my property? Answer: Wa alaikum as-salam wa rahmatullahi wa barakatuhu First, if possible, you should attempt to contact your debtor and […]

Should I Start to Repay a Student Loan I Am Not Currently Required To?

Answered by Shaykh Faraz Rabbani Question: Assalam alaykum, When I was studying, I took a loan out to cover the cost of my tuition fees. However, I am currently earning below the Student Loan Company’s repayment threshold. Is it mandatory for me to start paying the debt though I’m not required to payback at this […]

Debt: How It Destroys Lives, How You Can Fight It

The good folks at Rizqwise have a very worthy multi-part series on debt that you should really listen to. If you haven’t got the time, this concluding episode is not to be missed. Rizqwise speak to Rehan Huda, a prominent investment banker and leading authority in Islamic Finance, about some of the key lessons we […]

Can I Give in Charity When in Debt?

Answered by Shaykh Faraz Rabbani Question: Assalam alaikum. What is the ruling on donating while in debt? Answer: Walaikum assalam, ​I pray this finds you in the best of health and spirits. Debts are a trust, and their repayment falls under the general Divine call: “Truly, Allah commands you to return trusts to their rightful […]

Why It Is not Valid To Forgive a Debt Someone Owes You and To Deem it as Zakat?

Answered by Ustadh Tabraze Azam Question: Asalamu’alaikum, Why it is not valid to forgive a debt someone owes you and to deem it as zakat? Answer: Wa alaikum assalam wa rahmatullahi wa barakatuh, I pray that you are in the best of health and faith, insha’Allah. A condition for the validity of zakat is transfer […]

Is It Permissible to Accept a Severance Payment When One’s Employment is Terminated?

Answered by Shaykh Taha Abdul-Basser Question: Assalamo Alaikum, I have worked in various organisations where people have been granted different types of lump sum payments. The first is a severance payment for termination of their employment contract. The second is a redundancy payment that pays them a certain amount based on their length of service […]