Borrowing on interest from own 401 k account : borrowing from 401 K

Fatawa Question

Assalamu Alaikum In Sha Allah this e-mail reach you in highest degree of Iman. I would like to know is it Halal, if I borrow some money from 401 K plan, and when I return my own money to my account I have to pay interest. Please I need this answer as soon as possible. Jazaka Allah Khair

Fatwa

Click hereto view more

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-726586

American Psychological Association (APA)

Qahf, Mundhir. 2002-02-13. Borrowing on interest from own 401 k account : borrowing from 401 K. .
https://search.emarefa.net/detail/BIM-726586

Modern Language Association (MLA)

Qahf, Mundhir. Borrowing on interest from own 401 k account : borrowing from 401 K. 2002-02-13.
https://search.emarefa.net/detail/BIM-726586

American Medical Association (AMA)

Qahf, Mundhir. 2002-02-13. Borrowing on interest from own 401 k account : borrowing from 401 K.
https://search.emarefa.net/detail/BIM-726586