Taking loans on interest in India
Question
From my understanding, scholars in India at one point gave a fatwa that it is permissible to take loans on interest, mainy because they were living in darul harb?
From my understanding Imam Muhammad and Imam Abu Hanifah was a proponent of that position. This position is the dominant opinion in the Hanafi Madhab?
I am asking because this is a fatwa that is in the works in my local community. I have never taken loans in my life and I don't plan on it but I would like to understand the topic further.
Answer
You are misinformed.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
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.