Should I Give Out a Loan to a Close Relative if I’m Already in Debt?

Answered by Shaykh Faraz A. Khan Question: We recently received a request from a close relative to lend him substantial loan which he promised to pay back in a few months. The problem is, we already have debt of over $10,000! I know this person’s need is genuine and I would feel guilty about refusing […]

How to Calculate Zakat When Paying or Receiving Loan Payments

Answered by Sidi Faraz A. Khan Question: I have a question relating to the calculation of zakat when there is debt involved. To sum up my situation, my father has loaned money to me to help me purchase a house. When calculating the zakat due on my wealth, reading the Seekers Guidance answer, I believe […]

Man’s Indebtedness to Allah (exalted be He) – Sayyid Naquib al-Attas

Man’s Indebtedness to Allah (exalted be He) by Sayyid Naquib al-Attas The following excerpt is from “Prolegemona to the Metaphysics of Islam: An Exposition of the Fundamental Elements of the Worldview of Islam” by Sayyid Naquib al-Attas. In it, he challenges the modern portrayal of man as a rational agent with independent creative capabilities and […]

Prophetic Supplications for Our Times – Seeking Refuge from Debt, Sin, and Disbelief

In the Name of Allah, the Benevolent, the Merciful The Beloved Messenger of Allah (peace and blessings be upon him) has a number of beautiful and powerful supplications against debt, sin, and disbelief. Among them are: 1. “O Allah, I seek refuge in you from sinfulness and indebtedness.” (Allahumma inni a`udhu bika mina’l ma’thami wa’l […]