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Bank Loan In Ordinary Conditions
Can we take loan from bank on interest in ordinary conditions too or it is restricted only to situations when you are in dire need of money?
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6 Replies
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Bank Loan In Ordinary Conditions
updated 5 years, 2 months ago
2 Members
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6
Replies
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I’m not sure if I understand your question correctly. Is there anyone out there who wakes up in the morning and thinks “oh today’s just another ordinary day – let me go to a bank and get some loan!”
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See i called ordinary and dire need of money. Suppose m doing a job that is fulfilling my needs but i want to start a business but don’t have money so i go for loan. In this i am not in dire need of money. So can i take loan on interest? Or only when i have some bulging need like treatment or something else
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Also if i am doing business that is going good but I want to extend it so i take loan from bank.
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Okay, I think that I understand it better now. Religiously speaking, there’s no prohibition. The prohibition of riba is for the entity that is lending the loan, not for the borrower.
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Ghamidi sahab has explained this in a lot of detail in the the videos in this post:
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I am following this series just wanting to clarify things more
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