My name is Md Zameeruddin Jagirdar from Gulbarga. My question is that I am constructing a lodge the amount having with me is not sufficient for construction nobody is ready to help me. So I am thinking to take a loan for my project. So please kindly suggest me it is correct or not?
Answer:
(Fatwa: 94/94/M=1433)
One has to pay interest in taking loan from bank and hadith curses interest based dealing; hence you should avoid taking loan without severe need. Try to find interest free loan from someone.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband