Day: February 3, 2015
Repaying loan in foreign currency
Question: Suppose a person takes a loan in foreign currency say $1000 and promises to return it in one year. The person who is taking the loan lives in Pakistan and will of course have to pay it back in rupees. At the time of repayment of debt will the...
Continue ReadingInterest on funds
Question: Bismillahir Rahmanir Rahim As salamu Alaikum I am working in a Company. In my company, there is a rule to give the share of Annual profit (5% of total) to the employees. But from the profit share, company hands over a certain portion to the employees and the company...
Continue Reading