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Taking loan from UIF Bank

Answered as per Hanafi Fiqh by ShariahBoard.org

Assalamualaikum,

I want to take a loan for commercial investment. I want to buy commercial properties (after taking loan) and then put in on rent. I recently contacted Lariba and UIF islamic financing and they told me that they do offer commercial loans that are Shariah complaint. I want to know if it’s Halal to take a commercial loan from UIF or Lariba

Jazakallah

Taking loan from UIF Bank

الجواب وباللہ التوفیق

We are not aware of their details and ways of business, therefore, we are not able to express our opinion about them.

والسلام

This answer was collected from Shariahboard.org. It was established under the supervision of the eminent faqih of our era, Hazrat Shah Mufti Mohammed Navalur Rahman damat barakatuhum.

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