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Can I take a loan against my gold jewelry?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
I am from Middle class family i have some Gold jewellary can i take Loan Against Gold ? For business purpose i dont have any other resources for money .plz Guide me?


(Fatwa: 1066/866/B=1431)

If you own medium type of business and live respectfully, in this case it is not lawful for you to take loan without dire need; for you will have to pay interest. As taking interest is haram, giving interest is also haram.

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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