Transactions & Dealings >> Interest & Insurance

Question ID: 156104Country: india

Title: I made a house by bank loan. The bank will take EMI for a long period so nowadays what can I do?

Question: I made a house by bank loan. The bank will take EMI for a long period so nowadays what can I do?

Answer ID: 156104Posted on: Aug 31, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 217/183/M=2/1439)

In the above mentioned case, pay all the installments of bank as soon as possible and be free while doing taubah and istighfar regularly, and in future avoid taking interest based loan.

Allah (Subhana Wa Ta'ala) knows Best

Darul Ifta,

Darul Uloom Deoband, India

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Title: I made a house by bank loan. The bank will take EMI for a long period so nowadays what can I do?

Question: I made a house by bank loan. The bank will take EMI for a long period so nowadays what can I do?

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