Transactions & Dealings >> Interest & Insurance
Question ID: 35934Country: India
Answer ID: 35934Posted on: Aug 29, 2020
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
Since the income tax system in india has give relaxation for income invested in mutual fund or others, could you please help me with the investor where i can invest my money to save Income tax.
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