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Loan From An Indian Bank
Assalam walikum,
Can i take loan from Indian bank for my business?
Who take interest on it
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3 Replies
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Loan From An Indian Bank
updated 5 years, 5 months ago
3 Members
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3
Replies
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Walikumaslam
Kindly check this thread to understand Ghamidi sb view on intrest, riba etc.
Discussion 30863-
Jazakallahu khaira
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Loan on interest is obviously riba and is deemed impermissible. However, generally business financing is not considered a loan. Please see the above link shared by Ahsan sahab to understand the concept, and validate if it applies in your case depending upon the terms of the loan. Moreover, the nationality of a bank, whether Indian or not is never a consideration.
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