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Is it permissible to take an Islamic loan from Dubai for constructing a house in India?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
I am currently staying in dubai planning to construct a house in India. I am planning to take a islamic loan in dubai. Please advice.

Answer

(Fatwa: 1227/991/B=1431)

If you have to pay interest in paying debt, it is not lawful for you to take this loan. Almighty Allah says:

وَأَحَلَّ اللّهُ الْبَيْعَ وَحَرَّمَ الرِّبَا (الآية)

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband

This answer was collected from the official ifta website of Darul Uloom Deoband in India.

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