My friend is a car dealer.Most of the costomer ask him to get Car Loan sanctioned for them. Is it appropriate for him to do so?
Answer:
(Fatwa: 514/514=M/1429)
It is unlawful take car loan needlessly without any exigent compulsion.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband