Mufti Online — Madrasah Ta'leemuddeen

Interest bearing loan

· 17 Safar 1437 AH1 min readEnglish

Question

I have taken an Islamic Shari'ah loan from standard chartered bank Bahrain. I want to go for umrah. Tell me, is my loan halaal or haraam? Can I go for umrah or not? If the loan is haraam, then I have done a major sin. How can I face my Allah and Hazrat Muhammad (Sallallahu Alayhi Wasallam)? Please answer me me thoroughly.

Answer

If you are required to pay back more than the amount you have received as a loan from them, then this is interest. Interest is haraam in Islam.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
View original Compare with other Darul Iftas
Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

Fatawa SA is an independent, read-only index of fatawa already published by Mufti Online — Madrasah Ta'leemuddeen. It is not a fatwa service. For your own situation, please ask a Mufti. Report an issue

For corrections or mistakes, please email us at fatawasa786@gmail.com.

Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/12940
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-12940

Related fatawa