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?
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