converting a personal debt into a Shari`ah complaint loan

Fatawa Question

Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh, Mubarak Ramadan. I am a convert to Islam and I have found Islamic loans to mortgage a house or to buy a car, but I am wondering if there is an Islamic consolidation loan for personal debt ? Is there a way for those who convert to Islam to convert their personal debt into a Shari’ah compliant loan ? Thank you. Jazakum Allahu Khairan for your constant help

Fatwa

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Publication Date

2006-10-04

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-788443

American Psychological Association (APA)

Qahf, Mundhir. 2006-10-04. converting a personal debt into a Shari`ah complaint loan. .
https://search.emarefa.net/detail/BIM-788443

Modern Language Association (MLA)

Qahf, Mundhir. converting a personal debt into a Shari`ah complaint loan. 2006-10-04.
https://search.emarefa.net/detail/BIM-788443

American Medical Association (AMA)

Qahf, Mundhir. 2006-10-04. converting a personal debt into a Shari`ah complaint loan.
https://search.emarefa.net/detail/BIM-788443