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I purchased a flat and want to sell another property in order to purchase another one, but I’m unable to do so. Can I take out a bank loan?

Answered as per Hanafi Fiqh by ShariahBoard.org

Assalamualaikum,

i have purchased a flat and want to sell one property to purchase another flat. But I am unable to sell that property for the second flat , for that can i take bank loan in India.

Wa’assalam

بسم اللہ الرحمن الرحیم

الجواب وباللہ التوفیق

It is not permissible to take a loan from a bank in this case.

قولہ تعالیٰ: أحل البیع وحرم الربوا (البقرہ: ۲۷۵

لعن رسول اللہ صلی اللہ علیہ وسلم آکل الربوا وموکلہ وکاتبہ وشاھدیہ وقال ھم سواء (صحیح مسلم: ۲؍ ۲۷

فقط واللہ اعلم بالصواب

Answered on: 24 March 2021 | 10 Shabaan 1442
Answer By: Mufti Mohammed Ataur Rahman Sajid
Checked By: Mufti Mohammed Navalur Rahman

Original Source Link

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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