Interest bearing loans
Q: Is personal loans from Al Ahli bank (NCB) Saudi Arabia Halal? The bank claims it’s Islamic.
A: If the bank provides interest bearing loans, then it is haraam for one to take a loan from them.
And Allah Ta’ala (الله تعالى) knows best.
Mufti Zakaria Makada
Checked & Approved:
Mufti Ebrahim Salejee (Isipingo Beach)