Interest-based loans to establish a business
Fatawa Question
I want to establish a project (industry) the cost of project is one million us dollars, I have half million, I need another half million to complete my project, I sought loan from a bank, bank can give a loan, but they charge interest, Can I seek loan from bank while they charge interest to complete my project ? and I have no other alternative rather than bank. Here in Tanzania we do not have Islamic banks.
Fatwa
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Publication Date
2000-12-22
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-725724
American Psychological Association (APA)
Qahf, Mundhir. 2000-12-22. Interest-based loans to establish a business. .
https://search.emarefa.net/detail/BIM-725724
Modern Language Association (MLA)
Qahf, Mundhir. Interest-based loans to establish a business. 2000-12-22.
https://search.emarefa.net/detail/BIM-725724
American Medical Association (AMA)
Qahf, Mundhir. 2000-12-22. Interest-based loans to establish a business.
https://search.emarefa.net/detail/BIM-725724
