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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...
Loan Transfers Are Absolute And Final
Transfers are complete and final (unless they are transferred back in a new agreement) and once the transfer is effected the lender cannot hold the...
Transfers are complete and final (unless they are transferred back in a new agreement) and once the transfer is effected the lender cannot hold the...
A borrower may not transfer borrowed item to another party unless he receives prior permission from the lender.
Lending: When One Suspects Unlawful Usage
It is impermissible to lend money or property when one is certain that it will not be used lawfully, and offensive when one doubts whether it will...
It is impermissible to lend money or property when one is certain that it will not be used lawfully, and offensive when one doubts whether it will...
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...
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