Seyed Ali Shobayri's response to If we are going through financial difficulties, are we allowed to take a loan from any Islamic bank that does no interest?

If we are going through financial difficulties, are we allowed to take a loan from any Islamic bank that does no interest?

Loan Bank Interest

If we are going through financial difficulties, are we allowed to take a loan from any Islamic bank that does no interest?

Seyed Ali Shobayri, Seyed Ali Shobayri is of mixed Iranian and Scottish descent who found the path of the Ahlul Bayt (a) by his own research. He holds a BA in Islamic Studies from Middlesex University through the... Answer updated 5 years ago

Bismillah,

Asalamu Alaykom,

Such loan is permissible to take. Some scholars also allowing taking loans with interest if it is absolutely necessary and the person is in much hardship.

May Allah grant you success