I have loan and I have to pay it off by one week. But at the moment it is very hard to organise that money.
I was wondering can I borrow the money from Commonwealth Bank as fixed rate personal loan (https://www.commbank.com.au/personal/personal-loans/fixed-rate-loan.html).
بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم
In the Name of Allah, the Most Gracious, the Most Merciful.
Fixed rate loans are interest based loans, as the amount one has to pay back is more than the amount the he borrows. Hence, taking such a loan is not permissible. I suggest that you take a loan from a friend or family member.
And Allah Ta'ala knows best
Mufti Faizal Riza
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