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Should I pay the loan amount or not?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
Assalamu Alaikkum, I know that giving, taking interest is haram. We’re living as joint family. For business purpose my brother wants a land. He planned to take loan and purchase the land. He is asking me to pay the loan amount. I am able to pay the loan amount in installment. I insisted so many times that don’t take loan. We’ll wait for sometime then later we purchase another land. But he is not agreeing with me. If I didn’t agree with him I feared that he broke the relationship and whole family will be in greater problem. Please suggest me that what to do now? Should I pay amount or not? I know that you have more work. If you give solution as soon as possible then it will be very useful.

Answer

(Fatwa: 1010/880=B/1429)

It is unlawful to take loan without an exigent need. In case, you have taken then you should try to repay it as soon as possible and keep on seeking forgiveness from Allah. One should not mind the relationship in the same, since the Prophet (علیہ السلام) said: ?One should not obey the creature in disobedience of the Creator.?

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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