-
Credit Line From A Bank
is it allowed to take credit line (line of credit) from a bank, if we return it before the due date?
-
1 Reply
-
Credit Line From A Bank
updated 2 years, 6 months ago
2 Members
·
1
Reply
-
Yes, such a facility can be availed.
There is no element of Interest here – since Interest is present in loan arrangements where lender demands profit on principal amount lent.
For detailed discussion on Interest (Riba), please see:
_________________
For short comments, please refer to the following response by Ghamidi Sahab from 1:18:33 to 1:21:26
Sponsor Ask Ghamidi
Please sponsor Ask Ghamidi so that we can continue to provide and improve this community platform.
In the last 1585 days, 7,397 registered users have posted 58,128 messages under 16,153 unique topics on Ask Ghamidi.
