Question # : 65519
Answer : 65519
Published on: Jun 14, 2016
بسم الله الرحمن الرحيم
In case the bank finances it you will have to pay interest and both paying and taking interest is haram. Thus it is not lawful to adopt this method to help.
Yes, if the bank buys e-rickshaws and includes its profit in the price and gives you in installments then it shall be right to buy them on total amount and pay it in installments provided all the installments are cleared in due times and no interest is levied due to delay. Or the auto mobile dealer finances it himself and he includes the extra amount in original amount (whether it is as interest or addition in price) and fixes it in installments then it shall be lawful to buy rickshaws on total amount and pay it in installments. But it is necessary that the total amount is known and fixed at the time of having the deal.
Allah knows Best!
Darul Uloom Deoband
I am living here in Godhra and practicing since from last 13 yrs. I was also working in homoeopathic medical college since from last 12 yrs. Now recently appointed as professor in govt.college around 60 k.m. from Godhra now the big question is that i am getting salary around 20000/ twenty thousand rupees p.m.and medical practise is also officialy allowed so per month gaining will be around 40000/ so i have to pay around 45000/ rs. per annum in income tax which will be the best solution for me to save this amount. There are so many ways among them one is house loans (most of my coligue has taken which are non muslims) second is investing money in differnt funds where not a single way is intrestless kindly guide me for the same as such i am badly in need of home near vadodra which is around 30 k.m. from my working place. May god gives you instead of your service. Kindly reply soon.