Personal loans with interest : taking a personal loan with fixed interest
Fatawa Question
Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh, Is taking a personal loan with fixed interest and fixed monthly repayments for the whole period of the loan repayment considered usurious (Riba) ? for example : the loan is for £ 20000, the rate is 6.4 %, monthly repayments £394.72, the number of repayments 59, the total amount payable £ 23288.48 Jazakum Allahu Khairan for your constant help
Fatwa
Click hereto view more
Publication Date
2006-04-13
Main Subjects
Economics & Business Administration
Islamic Studies
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-790442
American Psychological Association (APA)
Qahf, Mundhir. 2006-04-13. Personal loans with interest : taking a personal loan with fixed interest. .
https://search.emarefa.net/detail/BIM-790442
Modern Language Association (MLA)
Qahf, Mundhir. Personal loans with interest : taking a personal loan with fixed interest. 2006-04-13.
https://search.emarefa.net/detail/BIM-790442
American Medical Association (AMA)
Qahf, Mundhir. 2006-04-13. Personal loans with interest : taking a personal loan with fixed interest.
https://search.emarefa.net/detail/BIM-790442
