عربي
03 Safar 1442  ,  20 September 2020

Lessons from the Birth ... Date Added: 19-11-2018

The Day of Ashura' Date Added: 19-09-2018

Inspirations from Hijrah Date Added: 16-09-2018

General Iftaa` Department ... Date Added: 06-09-2018

The Four Schools of Islamic ... Date Added: 30-09-2019

The Culture of Building Date Added: 03-02-2019

Mawlid: Revival of the ... Date Added: 19-11-2018

Glimpses on the Birth of ... Date Added: 19-11-2018

All Fatawaas

Ruling on Mortgaging a Commodity prior to Concluding the Contract Is it permissible to mortgage a commodity, as a security for funding, prior to concluding the Murabaha or Istisna` contract, knowing that an initial funding contract had been signed? • Read More
: A Debtor`s Possession of a Mortgaged Item isn`t a Condition If one person sold his car to another by installments, and the latter sold the same car to another through the same manner, but the second person asked the third to mortgage the car to the first one; does the first seller have the right to collect the installments of the debt owed to him by selling the mortgaged car ? • Read More
It is Forbidden to Mortgage one`s Property in Favor of Another in Exchange for a Sum of Money

A certain company wants to get a loan from a certain bank, but the latter stipulates that the former mortgage a property in its favor. Since the company has no property, a friend volunteered to mortgage his property as collateral. Is it permissible for the friend to receive an amount of money in exchange for that?

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