Transactions & Dealings >> Interest & Insurance
Question ID: 1678Country: India
Answer ID: 1678
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 540/536=M)
If your father has taken the loan just for expanding his business without any urgent need, then he will bear the sin. But, if he has taken the loan due to exigent situation for financial needs then it is allowable and no one will be counted sinful. However, in any case you need not leave your house and stay away from your parents. Yes, you should inform your father that if he had taken the loan with any urgent need he should repent to Allah and ask His forgiveness.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India