Q: I want to buy a car for my use but for that I want to know whether it is allowed for me to take a loan from a bank on monthly installments (interests) as I have no other way to fulfill my need. Can I avail that option since I am in need and also I have filled up the paper work.
A: This is interest. How can interest ever be permissible.
And Allah Ta’ala (الله تعالى) knows best.
Answered by:
Mufti Ebrahim Salejee (Isipingo Beach)