Home » Hanafi Fiqh » Darulifta-Deoband.com » Can I take a loan against my gold jewelry?
Answer
(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
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