Taking loans on interest in India

Submitted by user2 on Tue, 2018-11-13 06:40

Q: From my understanding, scholars in India at one point gave a fatwa that it is permissible to take loans on interest, mainy because they were living in darul harb?

From my understanding Imam Muhammad and Imam Abu Hanifah was a proponent of that position. This position is the dominant opinion in the Hanafi Madhab?

I am asking because this is a fatwa that is in the works in my local community. I have never taken loans in my life and I don't plan on it but I would like to understand the topic further.

A: You are misinformed.

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

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

Category:

Business and Dealings›Interest and Gambling›Interest bearing loans & Transactions

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