Interest bearing loans

Q: Is personal loans from Al Ahli bank (NCB) Saudi Arabia Halal? The bank claims it’s Islamic.

Bismillaah

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.

 

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)