Interest loans to buy a car : car loan from employer at lower interest rates
Fatawa Question
My office provides car loan for member of staff payable in five years. The loan is to enable the staff purchase a car. The problem with this loan is that anybody that takes the loan will pay the principal and pay 4 % interest on the loan. Considering the stern warning of Allah against interest, is it allowed to take this type of loan ? thank you
Fatwa
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Publication Date
2002-09-27
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-725788
American Psychological Association (APA)
Qahf, Mundhir. 2002-09-27. Interest loans to buy a car : car loan from employer at lower interest rates. .
https://search.emarefa.net/detail/BIM-725788
Modern Language Association (MLA)
Qahf, Mundhir. Interest loans to buy a car : car loan from employer at lower interest rates. 2002-09-27.
https://search.emarefa.net/detail/BIM-725788
American Medical Association (AMA)
Qahf, Mundhir. 2002-09-27. Interest loans to buy a car : car loan from employer at lower interest rates.
https://search.emarefa.net/detail/BIM-725788
