Fatwa #31529 June 2001India

Is it allowed to take loan from the bank with interest?

Question

Due to my family getting increase, my home is becoming conjusted and difficult to stay. I have two elder brothers both have got married and having there kids. Myself is still single and planning to get marry in the next year. I want get a flat or build new house but i don't have that much money. So can i take loan from bank? In this condition is it allowed for me?

Answer

It is not permissible for you to take out an interest bearing loan for the purpose mentioned by you.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai
FATWA DEPT.

#18613Many banks in pakistan offer loan without interest for HAJ. Is this allow in Islam to take loan from bak without interest and give some of the % before and rest in installemnet after HAJ. If no then why Banks like meezan , dubai islamic offering it.
#21620Can I take out an interest bearing loan?
#15990I want to know about interest . I know interest is haram but if any one takes loan on interest and build a home
#14199works in a Foreign Bank. His job is to call various people and ask them to take loan from the bank on interest.
#13789buy a house in india. loan should be payed back to bank with interest . so my question is that ke is it halaal to take loan and build a house ,?
#14209can I take a Home Loan? Will Shariah allow to take a Loan on interest in this kind of circumstances?
#18685Many banks in pakistan offer loan without interest for HAJ. Is this allow in Islam to take loan from bank without interest and give some of the % before and rest in instalment after HAJ. If no then why Banks like meezan , dubai islamic offering it.
#33883I am desperate. Can I take an interest-based home loan?

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