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Advance Salary From Bank
Hello Ghamidi sahb,
Aoa, Lots of respects and prayers for you and your team.
I need to ask a question – I have a Salary account with a bank and they have offered me 10 advance salaries, which I can return them in 4 years with very very low interest.
I am thinking to invest this money to pay a few loans and invest in some business.
Will it be considered as Sood or Ribah/ interest ? Please guide
Jazakallah
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2 Replies
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Advance Salary From Bank
updated 1 year, 6 months ago
2 Members
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2
Replies
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Yes, it is Riba, however, Quran does not make it a sin for the one who pays the interest but to ones who receive it. So if you take a loan for any need of yours, basic need or for business, you can take it.
Kindly watch the video
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Thank you very much
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