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  • Bank Loan In Ordinary Conditions

    Muhammad Wasif updated 3 years, 10 months ago 2 Members · 6 Replies
  • Faisal Haroon

    Moderator September 17, 2020 at 2:49 pm

    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!”

  • Muhammad Wasif

    Member September 17, 2020 at 3:09 pm

    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

  • Muhammad Wasif

    Member September 17, 2020 at 3:12 pm

    Also if i am doing business that is going good but I want to extend it so i take loan from bank.

  • Faisal Haroon

    Moderator September 17, 2020 at 3:49 pm

    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.

  • Faisal Haroon

    Moderator September 17, 2020 at 3:51 pm

    Ghamidi sahab has explained this in a lot of detail in the the videos in this post:

    Discussion 30863

  • Muhammad Wasif

    Member September 17, 2020 at 3:53 pm

    I am following this series just wanting to clarify things more

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