A question regarding Qurbani

[A.Ali.T]

Thanks for your reply. I listened video and it says that "If a person has a debt, and if has the income minus debt, leftover equal to 52.5 tolas silver, then
he should make Qurbani", So my question was that if has that much income, how comes that he is in debt." I put it, according to video like this:
a) A person has 50,000 Rupees debt;
b) his income is 70,000 Rupees.
c) income minus debt comes to 20,000/-
d) If that 20,000/- fetches 52.5 tolas silver, then he should do Qurbani. My point is why he considers himself as a "debtor" when He has that much
income?
Mortgage:
According to video then those with this grip should not do Qurbani, unless you correct me? or then they have the enough money but
wish to do the Qurbani but do not wish to pay off mortgage. , Anyhow thanks for the reply:

babadeena
Alot of folks in the west are in debt by choice, however there are some who are really in debt and cannot even make minimum payments on their debts, and sometimes they have to borrow from one to pay the other. These folks are in real trouble, and these folks need not perform qurbani.

Now, let us take Aijaz Ahmed's friends case. There are four ways one can finance their education
1- Scholarship
2- Grant or Financial Aid
3- Student Loan
4- Self Finance

Aijaz Ahmed's friends may have received some scholarship and Grant/Financial Aid, but since college education is so expensive, he had to take student loan. If he had chosen to self finance his education, it would have taken him 6 to 8 years to finish his bachelors degree.

By reading Aijaz's post, I am assuming that his friend graduated little over a year ago, he probably has wife and one kid.
His monthly mortgage is around $1100
his student loan is around $1200
income tax is around $1000
other expenses ar around $900
and per month he is saving $800

Masha'Allah he is in very good financial situation, he should do qurbani, and he should thank Allah (SWT) that he has a nice job during this recession.

His mortgage and student loan is not payable in full immediately, he should not think that he is in debt, these payments are just another expense, infact both the payments are investments in my opinion. Usually I encourage folks to get rid of their debts, but in todays economy I tell them not to pay off their loans, rather keep some money for emergencies.

BTW, qurbani is wajib not farz.

 

[babadeena]

BTW, qurbani is wajib not farz.

Thanks for reply.

 

[islamabadi6]

babadeena
Thats how things work in the west, specially when you buy cars and houses. You have to put some money down then for the balance of the amount you take notes and you pay in installments. On one hand you are in debt but on the other hand you have some equity or goodwill in the car or the house, and as you keep on making payments your equity grows. Sometimes the amount of loan is so big that you cannot pay it off in one installments, so you make smaller payments over an extended period of time.

In our culture when some one says that they are in debt, that means after selling everything they still owe money to someone, but in western countries "in debt" does not mean that after selling everything they still owe someone some money, in fact after selling everything and paying off everyone they may be left with alot of money. So this excuse may not apply to alot of people, we have to see this on case by case bases, we just cannot give one opinion for every case. I hope this will alleviate your astonishment.

Waow that is ignorance at its peak. I bought my car in Pakistan by getting a loan of 7 lakh 4 years ago and it is paid off. I also have a loan for my house from Meezan bank for 20 years time period. Are you trying to mislead people here and claim people don't finance cars or houses in Pakistan and other non western muslim countries like Saudi Arabia, UAE, Bahrain, Oman?