Interest-based loans to establish business : a loan to start a business
Fatawa Question
Assalamu Alaikum Wa Rahmatullah Wa Barakatuh, Dear Scholar, I lost my job and couldn't find another one, even after several months. I have, praise to Allah Subhanah, good skills that allow me to run my own business. But I have no money to start. Is it lawful (Halal) to get loan from a bank with interest to start my own business, out of my current necessity ? Somebody told me that if I get this kind of loans, I have to purify my business from interest. But how can I purify it, knowing I will not "take" any interest.... I will, actually, "pay" interest to the bank ? Jazakom Allah Subhanah.
Fatwa
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Publication Date
2003-01-18
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
Data Type
Fatawa
Language
English
Record ID
BIM-725740
American Psychological Association (APA)
Qahf, Mundhir. 2003-01-18. Interest-based loans to establish business : a loan to start a business. .
https://search.emarefa.net/detail/BIM-725740
Modern Language Association (MLA)
Qahf, Mundhir. Interest-based loans to establish business : a loan to start a business. 2003-01-18.
https://search.emarefa.net/detail/BIM-725740
American Medical Association (AMA)
Qahf, Mundhir. 2003-01-18. Interest-based loans to establish business : a loan to start a business.
https://search.emarefa.net/detail/BIM-725740
