Bank Loan and Job lost
What is Sharia meant if a person has taken a loan as per Islamic principles (Murabaha). Are there any protection in Sharia if we can't pay back the personal loan due to job lost. I have taken a loan from QIB with a good intention of settle it as long as I have a secure job. But now I am back in my country and facing some legal issues here with my property. And I am unable to leave the country till my case is resolved here. I may lose my property worth of 12 million (more than the bank loan), if I leave the country and going back to Qatar. Can anyone advise what am I supposed to do. I am having the legal case here in Sri Lanka and Bank loan in Qatar.
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You seem to have a misunderstanding about loans: you say, "I have taken a loan from QIB with a good intention of settle it as long as I have a secure job." Loans are not subject to whether or not you have a job, you contract to pay that loan regardless of circumstances.
so is it that they got you in lanka for the loan that you took in qatar. Am suprised how you got to lanka without clearing the loan first. Well now you seem to be caught in a mess of your own choosing and this type of cases seems to be peculiar to the lankans in general out here