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Company Bank Loan

Last updated: 1st December 2021
Question ID: #6264
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Dear Mentor, I am a CEO of a company and my company needs continuous financing in order to grow. My company's finance team has shared that we need a bank loan for a certain project. My question is if my company borrows a loan with a certain interest rate then will it have any effect on my personal life as an indvidual considering loan is haram? because its the company who is borrowing a loan not me and it will not be used for my life but for business purpose?

بسم الله الرحمن الرحيم

الجواب حامداومصليا

There is no direct dealing of interest between yourself and the bank. So in this case your work will be permissible.
As a CEO of the company you should advice them to get Shariah based financing.

And Allah knows best .

02 Jumadal Ula 1443/ 07 December 2021

Answer last updated on:
17th December 2021
Answered by:
Ulamaa ID 04
Location: London