Interest-based loans to run or save business : borrowing to run business

Fatawa Question

Assalamu Alaikum If a person needs money to run his business. He does not have any other source of borrowing the money. So he can take the money on interest. If he does not take the money or borrow the money then his business will close down. In that case, taking money on interest is valid or not ?

Fatwa

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Publication Date

2002-02-13

Main Subjects

Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-726562

American Psychological Association (APA)

Qahf, Mundhir. 2002-02-13. Interest-based loans to run or save business : borrowing to run business. .
https://search.emarefa.net/detail/BIM-726562

Modern Language Association (MLA)

Qahf, Mundhir. Interest-based loans to run or save business : borrowing to run business. 2002-02-13.
https://search.emarefa.net/detail/BIM-726562

American Medical Association (AMA)

Qahf, Mundhir. 2002-02-13. Interest-based loans to run or save business : borrowing to run business.
https://search.emarefa.net/detail/BIM-726562