Question: 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). Please advise. Jazakallahkhairen. Answer: 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 Darul Ifta
Australia |
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