I am starting a business in the EU and getting a loan from an EU bank. When I borrow money, there will be an interest that is obligatory for me to pay. Is this permissible as my real intention is to get capital from the bank?
I am starting a business in the EU and getting a loan from an EU bank. When I borrow money, there will be an interest that is obligatory for me to pay. Is this permissible as my real intention is to get capital from the bank?
Taqlid of Ayatollah Sistani?
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 3 years ago
Yes. It is permissible to get a capital from non Muslim bank or financial institute and use it in lawful way.
Wassalam.