Loan with Interest
Transactions & Incomes
Although the borrower owns the borrowed money, taking a loan, which entails paying interest, is forbidden unless he is compelled...
Q: Can we borrow money from non-Muslim banks and pay interest?
A: Although the borrower owns the borrowed money, taking a loan, which entails paying interest, is forbidden unless he is compelled to take the loan. Also one can evade doing the forbidden act by making the intention not to pay the interest, then takes the loan even if the interest may be taken from him.
Applications
