Interest bearing loan

Submitted by admin on Sun, 2016-04-24 11:25

Q: I wanted to find out something regarding interest. I'm currently in an unstable financial situation, I find it very difficult to pay my expenses, I'm currently working and have tried many things to make additional income with no success. I've been working on a business plan and submitted to government, would it be permissible for me to take a loan from them? The loan will have interest payable. I cannot go to any Islamic bank etc because of my financial record. I have no other options, please advise.

A: It is not permissible.

And Allah Ta'ala (الله تعالى) knows best.

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

Category:

Business and Dealings›Loans & Debts›Loans

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