Gold Nisab | Silver Nisab | Mahr Fatimi |
---|---|---|
$5213.25 | $432.53 | $1081.34 |
Opening a grocery store ( will be...
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Zakat on 401K
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Is My Qulla JaYaz ?
Assalamualaikum
Is it permissible to take a loan either from a bank or guidance Realty to purchase a house for family or to buy a building for investment.
Jazzak Allah khair
بسم اللہ الرحمن الرحیم
الجواب وباللہ التوفیق
Banks or similar institutions usually provide interest-bearing loans, so it is not permissible to take such loans for the fulfilment of these purposes. If an institution offers interest-free loan, then it is right to take loan from there.
فقط واللہ اعلم بالصواب