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Taking Personal Loan To Pay Credit Card Balance
Asalam u alaikum!
I wanted to know if ideas to takeout a personal loan to pay my credit cards which are on interest free balance transfer offers is this ok as per Islamic ruling?
The reason for taking a loan is to set up a certain amount to pay every month. In this way I know I will be debt free after a certain time but with cards I don’t know how long will it take for me to clear them.
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1 Reply
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Taking Personal Loan To Pay Credit Card Balance
updated 1 year, 1 month ago
2 Members
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Earning and consuming interet is Haram. But there is no prohibition for paying interest.
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