Q&A Home » Uncategorized

Related to Loan

Last updated: 17th November 2019
Question ID: #4324
Short URL: http://qa.muftisays.com/?4324
Printer Friendly Version Email this page
17th November 2019

I am from India - working in private company. We are planning to buy house but islamic financial is not allowed in india and current gov is against to it and we have money for full payment but we can pay in spot ,which will trigger the unnecessary tax questions and delay - So can we buy house with bank loan ?

بسم الله الرحمن الرحيم

الجواب حامداومصليا

Taking a loan from a conventional bank will entail Riba, which is Harām (impermissible).

 "O you who have believed, do not consume usury, doubled and multiplied, but fear Allah that you may be successful." (3:130)

And Allah knows best

28 ٍRabi'ul Awwal 1441/ 26 November 2019

Answer last updated on:
31st December 2019
Answered by:
Ulamaa ID 04
Location: London