If you withdrew a loan of 75k, for sure you will have to pay more (as called profit by Islamic Banks & Interest by other commercial banks). When you sell your car & furniture, you will collect 47k as mentioned in ur post. Now isnt there more you have to pay than 28k to the bank? anyways, if you bought a car for 60k just about a year or more back, shouldnt you be able to fetch a better amount than just 40k ? what car looses depreciation of 20k in a year ?
try to get a better deal for your car & furnitures, still if 28k remaining amount, go to the bank, make sure you talk to MANAGER, speak politely, they know the situations all over the world. Tell them, this is what you can give them now, & dont find any other way to give them anything back. They will suggest a way, they have advisors, banks may waive off the remaining as bad debts & claim from Insurance, as i belive loans to have insurance.
PS: you can leave the country any time before the bank is notified about your termination, but i recommend not to take this step. you will be black listed.
Dont worry, there are thousands of people with same situation of yours here in Qatar presently. Its not your fault, you never tried to steal anything, or running away. Banks wont eat you up,,no one will do anything, just be away from heavy tensions, sleep well & you will think of a better way yourself.
My prayers are with you. All the best.
If you withdrew a loan of 75k, for sure you will have to pay more (as called profit by Islamic Banks & Interest by other commercial banks). When you sell your car & furniture, you will collect 47k as mentioned in ur post. Now isnt there more you have to pay than 28k to the bank? anyways, if you bought a car for 60k just about a year or more back, shouldnt you be able to fetch a better amount than just 40k ? what car looses depreciation of 20k in a year ?
try to get a better deal for your car & furnitures, still if 28k remaining amount, go to the bank, make sure you talk to MANAGER, speak politely, they know the situations all over the world. Tell them, this is what you can give them now, & dont find any other way to give them anything back. They will suggest a way, they have advisors, banks may waive off the remaining as bad debts & claim from Insurance, as i belive loans to have insurance.
PS: you can leave the country any time before the bank is notified about your termination, but i recommend not to take this step. you will be black listed.
Dont worry, there are thousands of people with same situation of yours here in Qatar presently. Its not your fault, you never tried to steal anything, or running away. Banks wont eat you up,,no one will do anything, just be away from heavy tensions, sleep well & you will think of a better way yourself.
My prayers are with you. All the best.