Fatwa: # 18685
Category: Hajj
Country: Pakistan
Date: 24th May 2010

Title

Many banks in pakistan offer loan without interest for HAJ. Is this allow in Islam to take loan from bank without interest and give some of the % before and rest in instalment after HAJ. If no then why Banks like meezan , dubai islamic offering it.

Question

Many banks in pakistan offer loan without interest for HAJ. Is this allow in Islam to take loan from bank without interest and give some of the % before and rest in instalment after HAJ. If no then why Banks like meezan , dubai islamic offering it.

Do we have any fatwa for this.

 

Answer

 

In the name of Allāh, Most Gracious, Most Merciful


Assalāmu ῾alaykum wa Rahmatullāhi Wabarakātuh

 

Without referring to any bank, in principle, providing loans is highly encouraged to a needy person.[1]

(Sunan Ibn Mājah, Vol.2 , Pg.812, Dārul Fikr,Bairūt)

 

According to Dārul Iftā’s research, every bank has its own conditions in providing interest free loans for Umrah and other purposes. Therefore, kindly provide us the details/conditions of that particular bank which is willing to provide such a loan. We will clarify then accordingly.

And Allāh Ta῾āla Knows Best
Wassalāmu ῾alaykum 

 

Ml. Abdur Rahman Shareef,
Student Dārul Iftā

 

Checked and Approved by:

Mufti Ebrahim Desai
Dārul Iftā


[1]   حدثنا أبو حاتم . ثنا هشام بن خالد . ثنا خالد بن يزيد بن أبي مالك عن أنس بن مالك قال قال رسول الله صلى الله عليه و سلم : رأيت ليلة أسري بي على باب الجنة مكتوبا الصدقة بعشر أمثالها . و القرض بثمانية عشر . فقلت ياجبريل ما بال القرض أفضل من الصدقة ؟ قال لأن السائل يسأل وعنده . والمستقرض لا يستقرض إلا من حاجة (سنن ابن ماجة،باب القرض)

 

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