Miscellaneous >> Halal & Haram

Question ID: 14783Country: India

Title: janab salam, i am a running a trading firm sucessfully. but now i want to expend my bussiness but due to shortage of fund i want to make intrest based loan through bank,is it correct? please give me correct path. allah hafiz

Question: janab salam, i am a running a trading firm sucessfully. but now i want to expend my bussiness but due to shortage of fund i want to make intrest based loan through bank,is it correct? please give me correct path. allah hafiz

Answer ID: 14783Posted on: Sep 1, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 1277/1214=B/1430)

Taking loan on interest is permissible only in exigent cases; it is not permissible for expanding business. You should keep on running the company which you now run successfully, Allah shall give barakah in it and avoid using interest money as much as possible.

Allah (Subhana Wa Ta'ala) knows Best

Darul Ifta,

Darul Uloom Deoband, India

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Title: janab salam, i am a running a trading firm sucessfully. but now i want to expend my bussiness but due to shortage of fund i want to make intrest based loan through bank,is it correct? please give me correct path. allah hafiz

Question: janab salam, i am a running a trading firm sucessfully. but now i want to expend my bussiness but due to shortage of fund i want to make intrest based loan through bank,is it correct? please give me correct path. allah hafiz

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