• Transactions & Dealings >> Interest & Insurance

    Question ID: 160545Country: India

    Title: Taking bank loan

    Question: My father is a farmer. They have to marry me. My job is also 20000 rupees. Can we take have some loan from agricultural card?

    Answer ID: 160545

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 835/778/M=7/1439)

     

    When your salary is twenty thousand then why do you need to take bank loan? If you have to pay interest in case you take loan on this agricultural card then it shall not be lawful for you to take the loan and if you don’t have to pay interest then it is allowable.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India