Darul Iftaa Mahmudiyyah

Pls let me know whether taking loan permissible for 1. constructing house 2. purchasing a vehicle 3. inorder to expand the buisiness

· 15 Rabiʻ II 1425 AH1 min readFatwa 11793English

Question

Pls let me know whether taking loan permissible for 1. constructing house 2. purchasing a vehicle 3. inorder to expand the buisiness Also please let me know a good book on "How to bring up your children".

Answer

It is permissible to take a loan only if it is interest free. It is prohibited to take out an interest bearing loan as interest is strictly prohibited by Allah and His Rasul [Sallallaahu Alayhi Wasallam].

Interest bearing deals incurs the cure of Allah. Allah Ta?ala states, ?Allah deletes (blessings) from interes.? Rasulullah [Sallallaahu Alayhi Wasallam] said, ?Allah curses the person who accepts interest, the person who offers interest, the writer of the interest bearing transaction and the witnesses of such a transaction.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

Answered by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/11793
Fatawa SA: https://fatawa.co.za/fatwa/askimam-11793

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