IslamQA.org Logo

Assalamualaikum respected sir,i have a pigme account in amanath bank.i took 25000/- from my account but now the banker is telling me that i should not withdraw amount from my account till 9 months are completed,so he is telling me that he has given that amount as loan for 1% is it jayaz or haram.

Answered according to Hanafi Fiqh by Darulifta-Deoband.com
assalamualaikum respected sir,i have a pigme account in amanath bank.i took 25000/- from my account but now the banker is telling me that i should not withdraw amount from my account till 9 months are completed,so he is telling me that he has given that amount as loan for 1% is it jayaz or haram.

Answer

(Fatwa: 693/494/L=1431)

 

Giving loan on interest is unlawful and haram though the rate of interest is only one percent.

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.

Find more answers indexed from: Darulifta-Deoband.com
Read more answers with similar topics: