Exaggerating Financial Standing
Question
Can I submit exaggerated financial statements in order to secure a loan which I intend to pay off, and will be able to pay off Insha’Allah?
Answer
This is a form of deception. It is not permissible for you to carry out such an action. Consider the following Hadith:
Hadrat Abu Hurairah Radiallahu Anhu narrates that Rasulullah Salallahu Alaihi Wasallam is reported to have said, “He who takes up arms against us is not from amongst us, and he who deceives us is not from amongst us.”
Furthermore, such actions will prove to be a means of humiliation and disgrace for the Muslim Ummah if one is apprehended and exposed. Bringing humiliation and disgrace upon the Muslims is not permissible. We, therefore, advise abstention from acquiring such loans.
References (Arabic / Urdu sources)
عن أبي هريرة رضي الله عنه أن رسول الله صلى الله عليه وسلم قال: من حمل علينا السلاح فليس منا ومن غشنا، فليس منا (رواه مسلم # 170)
- Answered by
- Mufti Abdul Kader Fazlani
- Checked & approved by
- Mufti Yacoob Vally Saheb
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