Is a fixed interest loan Riba?

Sep 30, 2021 | Business & Trade

Question Assalamualaikum Sheikh. Inshaallah I hope you’re doing well. I will be going to university in the UK for my UG for 4 years. My father has decided that he wants to take a loan from the bank with a fixed interest of an agreed amount (about 1% which...

Borrowing from commercial banks

Aug 15, 2021 | Business & Trade

Question Assalamu’alikum wa’rehmatullah wa’barakatuhu Auntie wanted to ask something about banking; few days back we bought some electronic goods on installment through my uncle working in a commercial bank, whatever amount or good received, legally...