Fulfilment of existing contractual obligations to pay interest : paying interest and principal on already contracted loans

Fatawa Question

Bismillah Er Rahman Er Rahim. Assalamu Alaikum Wa Rahmatullahi Wa Barakatuh. 1) I incurred a debt from a Riba based loan during my university studies in excess of 11, 500 USD and also from a credit card that has Riba of 500 USD. I was a new Muslim at the time I took out the student loan and if I had known the consequences then of Riba I would never have taken it out. The credit card was not done in ignorance Astaghfiru Allah but out of necessity that occurred in my life. Now I find myself not able to pay off either loan. What can I offer as expiation for these debts without paying them off (i.e. extra fasting, praying, Sadaqah) or MUST I pay this debt back ? 2) I have an offer of marriage from a Muslim brother who intends to go to jihad in the future In Sha Allah after he pays off his debts. I also have an offer of marriage from a brother who is an Imam. I know that I should put my trust in Allah Ta’ala and make Istikhara. My question is which would be more pleasing to Allah Ta’ala, that I should marry the Mujahid and not worry about when he dies and who will take care of me afterwards or if I should marry the brother who is an Imam ? I hope that you can answer me soon In Sha Allah ! Jazak Allahu Khair Ameen.

Fatwa

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Publication Date

2002-02-16

Main Subjects

Financial and Accounting Sciences
Religion
Law
Islamic Studies

Topics

• Banks
• Islamic jurisprudence
• Education
• Students
• Debt repayment
• Loans
• Interest
• Bank loans
• Usury

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-726289

• APA
• MLA
• AMA