Loans, Tawarruq, discounting, financing of business : interest loan for business
Fatawa Question
Salam Alaykum ! I've got a question according to the subject : bank-credit (with Riba) I've heard that under certain conditions it is allowed (Halal) to take a bank-credit for example to buy a house and I wanted to ask, if it’s also allowed to take a credit when I want to open a bakery (bread-store). I asked my family and my friends if they would give me money to open a bakery store, but nobody has that much money to support me. Another reason is that I don’t have a safe job and I wanted to go into business for oneself. So I want to know if its Halal in this case to take a credit from the Bank ? Because I don’t have any other choice to get to so much money Hope you can help me and may Allah bless you Thanks a lot
Fatwa
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Publication Date
2009-03-19
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-729682
American Psychological Association (APA)
Qahf, Mundhir. 2009-03-19. Loans, Tawarruq, discounting, financing of business : interest loan for business. .
https://search.emarefa.net/detail/BIM-729682
Modern Language Association (MLA)
Qahf, Mundhir. Loans, Tawarruq, discounting, financing of business : interest loan for business. 2009-03-19.
https://search.emarefa.net/detail/BIM-729682
American Medical Association (AMA)
Qahf, Mundhir. 2009-03-19. Loans, Tawarruq, discounting, financing of business : interest loan for business.
https://search.emarefa.net/detail/BIM-729682
