Financing processes for job opportunities : job financing

السؤال

Dear Dr. Monzer Kahf, I had a question from a friend, and I'm trying to help him finding an answer ; we use to have an Imam at the main Mosque of the city (Ottawa, Canada) who is knowledgeable in both religion and the context of the western countries, but he is no longer with us, and the people in charge of the Mosque are still looking for a replacement. Anyways, this is to say that since I couldn't find any one who could answer the question, I went onto the Internet and I found your site, and actually I think that you have the right background and expertise for answering the question, may Allah reward you for your time. The brother in question is a taxi driver, and he is renting the Taxi for a certain amount of money per month. He wants to buy the Taxi licence that costs around $140k right now, of course he cannot afford it and he has to take a loan from the bank that will cost him monthly similar or less than the rent he is paying right now. In the city of Quebec where he lives, there is no Islamic financing institution, I contacted a brother working in an Islamic institution here in Ottawa, but he told me that they are new and they don't have yet the permit to operate in the province of Quebec (It? s like another state). My friend and his wife tried to contact some from Montreal but with no luck (unfortunately, our Islamic financing institutions are still lacking a little bit of professionalism, you ask them for something you have to wait and wait, and you have to keep calling and calling...). Anyways, his question is can he take a loan from the bank ? This is not an extreme necessity of course, but it is a question of security (he will feel that he is paying something he could own in the future) and also of fairness (if with the same amount that you're renting, you could buy the licence, why not ?). May Allah reward you and thank you for your efforts in advance.

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2008-01-10

التخصصات الرئيسية

العلوم الاقتصادية والمالية وإدارة الأعمال
الدراسات الإسلامية

عدد الصفحات

2

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-785433

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