Published 6 years ago
Last updated 6 years ago
Q: I want to buy a car for my use but for that I want to know whether it is allowed for me to take a loan from a bank on monthly installments (interests) as I have no other way to fulfill my need. Can I avail that option since I am in need and also I have filled up the paper work.
A: This is interest. How can interest ever be permissible.
And Allah Ta'ala (الله تعالى) knows best.
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