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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?
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1 Reply
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Credit Line From A Bank
updated 3 years ago
2 Members
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1
Reply
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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:
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For short comments, please refer to the following response by Ghamidi Sahab from 1:18:33 to 1:21:26
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