No necessity to bank with conventional banks in Pakistan

Fatawa Question

I am a small businessman need financial help to survive a business recession. I have no property to sell. Problems could be solved by loan from bank. 10 years before under same situation obtain bank loan and discontinued the loan facility after improvement. Under the law of necessity is it permissible to obtain loan from bank. please advise.

Fatwa

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Publication Date

2002-03-17

Main Subjects

Economics & Business Administration
Financial and Accounting Sciences
Religion
Islamic Studies

Topics

Data Type

Fatawa

Language

English

Record ID

BIM-724606

American Psychological Association (APA)

Qahf, Mundhir. 2002-03-17. No necessity to bank with conventional banks in Pakistan. .
https://search.emarefa.net/detail/BIM-724606

Modern Language Association (MLA)

Qahf, Mundhir. No necessity to bank with conventional banks in Pakistan. 2002-03-17.
https://search.emarefa.net/detail/BIM-724606

American Medical Association (AMA)

Qahf, Mundhir. 2002-03-17. No necessity to bank with conventional banks in Pakistan.
https://search.emarefa.net/detail/BIM-724606