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No Early Payment Discounts
It is impermissible for borrower and lender to agree a discount on the loan if the borrower repays before the due date.
It is impermissible for borrower and lender to agree a discount on the loan if the borrower repays before the due date.
Extent Of Borrower’s Liability
The borrower is responsible only for loss, damage or theft resulting from his own negligence, but not otherwise; the borrower is responsible for...
The borrower is responsible only for loss, damage or theft resulting from his own negligence, but not otherwise; the borrower is responsible for...
The restriction of unconditionality does not include valid stipulations for irreplaceable borrowed items relating to usage of the item, since a...
On Returning Item To Heir’s Of The Lender
If the lender passes away, or becomes insane or incapacitated, the borrower is responsible for returning the item to the lender’s heirs (if the...
If the lender passes away, or becomes insane or incapacitated, the borrower is responsible for returning the item to the lender’s heirs (if the...
Delaying Repayment Of Loan
It is impermissible for a debtor possessing the means to pay the creditor to delay payment unnecessarily beyond the agreed upon date.
It is impermissible for a debtor possessing the means to pay the creditor to delay payment unnecessarily beyond the agreed upon date.
Restricting Use Of Lent Property
The lender is entitled to specify how the property may be used and impose restrictions on how it may not be used.
The lender is entitled to specify how the property may be used and impose restrictions on how it may not be used.
Damage To Lent Property
The lender is responsible for paying for any damages caused by normal wear sustained during the property’s intended use. The borrower is...
The lender is responsible for paying for any damages caused by normal wear sustained during the property’s intended use. The borrower is...
It is permissible to lend property free of rent while stipulating that the borrower pay for repairs related to his use.
Repaying Principal With Something 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...
Repaying Loan In Kind
Provided the lender agrees, the form of repayment can be different from the form of the original loan (e.g. a cash loan repaid in its equivalent in...
Provided the lender agrees, the form of repayment can be different from the form of the original loan (e.g. a cash loan repaid in its equivalent in...
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