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Early Payment Discounts
It is impermissible for the borrower and lender to agree a discount on the loan if the borrower repays before the due date.
It is impermissible for the borrower and lender to agree a discount on the loan if the borrower repays before the due date.
Guaranteeing Creditor Against Loss
It is impermissible for a borrower to guarantee against loss, damage or theft before borrowing; responsibility for loss, damage or theft is...
It is impermissible for a borrower to guarantee against loss, damage or theft before borrowing; responsibility for loss, damage or theft is...
Agreeing Repayment In Loan
It is impermissible to borrow money without both parties agreeing a fixed repayment date (or fixed repayment schedule).
It is impermissible to borrow money without both parties agreeing a fixed repayment date (or fixed repayment schedule).
Benefiting From Loan
The loan should not derive any benefit to the lender, whether monetarily, in-kind, gifted, as a favor, or in the form of a service; unless the...
The loan should not derive any benefit to the lender, whether monetarily, in-kind, gifted, as a favor, or in the form of a service; unless the...
Correct Intentions For Borrowing
At the time of borrowing the borrower must have a firm intention to repay the lender; to borrow without such an intention is impermissible and to...
At the time of borrowing the borrower must have a firm intention to repay the lender; to borrow without such an intention is impermissible and to...
It is impermissible to borrow money without both parties agreeing a fixed repayment date (or fixed repayment schedule).
Duties Of Borrower With Regard To Borrowed Item
It is obligatory for the borrower to safeguard the borrowed item and return it in its complete form; if the item is unique and irreplaceable (e.g....
It is obligatory for the borrower to safeguard the borrowed item and return it in its complete form; if the item is unique and irreplaceable (e.g....
Guidelines For Borrower
The borrower may consume the money or replaceable goods in any manner he chooses provided this consumption does not hinder his ability to make a...
The borrower may consume the money or replaceable goods in any manner he chooses provided this consumption does not hinder his ability to make a...
Delaying Repayment Without Valid Excuse
The borrower is obligated to repay the loan once it becomes due and is forbidden from purchasing non-essentials; delaying repayment without a valid...
The borrower is obligated to repay the loan once it becomes due and is forbidden from purchasing non-essentials; delaying repayment without a valid...
Repaying Loan With Extra
It is permissible for the borrower to repay an amount greater than the size of the loan as a gesture of goodwill (without letting such a gesture...
It is permissible for the borrower to repay an amount greater than the size of the loan as a gesture of goodwill (without letting such a gesture...
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