Taking a loan

· 25 Dhuʻl-Hijjah 1438 AH1 min readEnglish
Business and DealingsLoans & DebtsLoansbusinessloansin

Question

Is taking a loan a sin and if it is a sin then what is the punishment if the loan is taken?

Answer

No. At the time of need it is permissible.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
Ask Mufti Online

Fatawa SA is an independent, read-only index of fatawa already published by Mufti Online — Madrasah Ta'leemuddeen. It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.