Buying properties on interest loans : buying a business

Fatawa Question

As Salaam Walikum, I am an Indian working in Kuwait and I am trying to buy a shop in Mumbai already I booked and I paid 40 percent for balance 60 percent I need to loan can you please help me by recommend or advise in this matter, how can I move forward ?, if they give me time I can earn and pay slowly but as per procedure(as we talk) I don’t have time so I paid what I had, please I need to know Is there any Islamic bank in Mumbai in India or any another way as per Islam Jazak Allah Khair Thanks regard Abdullah

Fatwa

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Publication Date

2011-01-26

Main Subjects

Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-729736

American Psychological Association (APA)

Qahf, Mundhir. 2011-01-26. Buying properties on interest loans : buying a business. .
https://search.emarefa.net/detail/BIM-729736

Modern Language Association (MLA)

Qahf, Mundhir. Buying properties on interest loans : buying a business. 2011-01-26.
https://search.emarefa.net/detail/BIM-729736

American Medical Association (AMA)

Qahf, Mundhir. 2011-01-26. Buying properties on interest loans : buying a business.
https://search.emarefa.net/detail/BIM-729736