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