Transactions & Dealings >> Interest & Insurance
Question ID: 59496Country: India
Answer ID: 59496
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 887/883/B=09/1436) One should avoid taking loan from a bank so far as possible. It lands a man in several problems. It also brings the sin of paying interest. Yes, in case you are in dire need of a house and you are unable to find interest free debt then in compulsion it is allowable to take loan only as much as required. ويجوز للمحتاج الاستقراض بالربح . (الاشباه)
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India