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A philantrophist had bequeathed aproperty for the purpose of a Jamath Khana (Apparently as Sawab e Jaria).The present committee is planning to construct a shopping complex space for a Jamath khana is to be suitably provided.The money derived from this would be used for the benefit of the community.Since funds are not available the committee is planning to take a loan on interest. Taking or giving of interes is haram in Islam. Will this not amount to feeding the community with haram money ? Pl clarify.

Answered according to Hanafi Fiqh by Darulifta-Deoband.com
A philantrophist had bequeathed aproperty for the purpose of a Jamath Khana (Apparently as Sawab e Jaria).The present committee is planning to construct a shopping complex space for a Jamath khana is to be suitably provided.The money derived from this would be used for the benefit of the community.Since funds are not available the committee is planning to take a loan on interest. Taking or giving of interes is haram in Islam. Will this not amount to feeding the community with haram money ? Pl clarify.

Answer

(Fatwa: 1498/1193=H/1429)

 

Taking loan (interest based) without an exigent need is haram, taking and given both are unlawful. If the committee took loan and repaid the debt with loan they will be sinful. But, the building erected through this loan and rent shall be lawful. If this rent income is spent on people it will not be called feeding 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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