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Taking Bank Loan And Paying Interest
As-Salam-O-Alaikum
I am currently working in Abu Dhabi. I need to take a personal loan from a bank, and I intend to use that money to buy gold. The bank charges interest on the loan, and I will have to repay the loan with interest.
My question is: Is it halal or haram to take this kind of loan with interest, even if the purpose is to buy gold or fulfill a need?
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1 Reply
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Taking Bank Loan And Paying Interest
updated 5 months, 2 weeks ago
2 Members
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1
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The one who pays the interest is not blameworthy.
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