Taking a loan from a bank

Q: Can I take a loan from a bank for business purposes?

A: Taking an interest bearing loan from the bank is not permissible.

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

 

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)