Transactions & Dealings >> Interest & Insurance
Question ID: 160545Country: India
Answer ID: 160545Posted on: Sep 1, 2020
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 835/778/M=7/1439)
When your salary is twenty thousand then why do you need to take bank loan? If you have to pay interest in case you take loan on this agricultural card then it shall not be lawful for you to take the loan and if you don’t have to pay interest then it is allowable.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India