Go back to category : Financial Transactions
  

Question Summary:
Could you please let me know that if a bank offers 0% interest loan on any home appliances with istallment wise system is fine for me to use that loan or not.

Question Detail:

Could you please let me know that if a bank offers 0% interest loan on any home appliances with istallment wise system is fine for me to use that loan or not.

They charge some amount for the "Paper Or Document".
Kindly let me know if its fine to use  such loan facility & also give some knowledge about "Paper charge" in banks.

Answer :


Normal
0
false
false
false
EN-ZA
X-NONE
AR-SA
MicrosoftInternetExplorer4

/* Style Definitions */
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-qformat:yes;
mso-style-parent:"";
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:"Calibri","sans-serif";
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;
mso-fareast-language:EN-US;}

Assalāmu `alaikum Warahmatullāhi Wabrakatuh,

The Rs 500 paper charge is in excess of the Rs. 13,500 of which Rs. 9,000 is a loan.
Hence it will be ribā and prohibited.
You may send your other queries.
And Allah Ta'āla Knows Best,
 
Muftī Ebrahim Desai
Daruliftaa
35 Candella Rd, Durban, South Africa

www.daruliftaa.net

Main Categories  More Questions  


Online Tutor Available

 
Masnoon Duaein
Islamic Question & Answers
Aaj ki baat
Mazameen
Asma ul Husna
Tilawat e Quran
Qasas-ul-Anbiya
Multimedia
Essential Duas For A Muslim
Khawateen Kay Masaeel

© 2024 Ya-mujeeb.com. All rights reserved
search-sharai-masaeel