• Transactions & Dealings >> Interest & Insurance

    Question ID: 35934Country: India

    Title: My name is Md Zameeruddin Jagirdar from Gulbarga. My question is that I am constructing a lodge the amount having with me is not sufficient for construction nobody is ready to help me

    Question: My name is Md Zameeruddin Jagirdar from Gulbarga. My question is that I am constructing a lodge the amount having with me is not sufficient for construction nobody is ready to help me. So I am thinking to take a loan for my project. So please kindly suggest me it is correct or not?

    Answer ID: 35934

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 94/94/M=1433) One has to pay interest in taking loan from bank and hadith curses interest based dealing; hence you should avoid taking loan without severe need. Try to find interest free loan from someone.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India