Paying profit on a loan
Question
I have an interest loan which is fixed interest car loan. However i need a car for work and i am a salesman. I know this loan is haraam. I have asked family and friends to give me a loan but failed. Now I'm stuck with this loan and i would like to find out is there any place where i can get a sharia loan as i hate to be in interest. Please help as i have no barkat and i can pay any muslim willing to help me a profit rather than being in interest.
Answer
Paying profit on a loan taken is in actual fact interest.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Zakaria Makada
- Checked & approved by
- Mufti Ebrahim Salejee (Isipingo Beach)
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