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)

 

DISCLAIMER - AskImam.org questions
AskImam.org answers issues pertaining to Shar'ah. Thereafter, these questions and answers are placed for public view on www.askimam.org for educational purposes. However, many of these answers are unique to a particular scenario and cannot be taken as a basis to establish a ruling in another situation or another environment. Askimam.org bears no responsibility with regards to these questions being used out of their intended context.
  • The Shar's ruling herein given is based specifically on the question posed and should be read in conjunction with the question.
  • AskImam.org bears no responsibility to any party who may or may not act on this answer and is being hereby exempted from loss or damage howsoever caused.
  • This answer may not be used as evidence in any Court of Law without prior written consent of AskImam.org.
  • Any or all links provided in our emails, answers and articles are restricted to the specific material being cited. Such referencing should not be taken as an endorsement of other contents of that website.
The Messenger of Allah said, "When Allah wishes good for someone, He bestows upon him the understanding of Deen."
[Al-Bukhari and Muslim]