Interest-based loans to establish business : interest loan to start a business : [2]

Fatawa Question

Assalamu Alaikum I am a Muslim man living in the united states I am trying to start a business here but I can't afford to pay cash money my question is that ok in Islam if that I take a loan from a Bank with certain amount of interest or no. and does the percentage of interest matter or no. wa jazakom Allah kull khayr

Fatwa

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Publication Date

2003-03-04

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

Data Type

Fatawa

Language

English

Record ID

BIM-725741

American Psychological Association (APA)

Qahf, Mundhir. 2003-03-04. Interest-based loans to establish business : interest loan to start a business : [2]. .
https://search.emarefa.net/detail/BIM-725741

Modern Language Association (MLA)

Qahf, Mundhir. Interest-based loans to establish business : interest loan to start a business : [2]. 2003-03-04.
https://search.emarefa.net/detail/BIM-725741

American Medical Association (AMA)

Qahf, Mundhir. 2003-03-04. Interest-based loans to establish business : interest loan to start a business : [2].
https://search.emarefa.net/detail/BIM-725741