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Question # : 27931

India

I am un employed , my banker is providing me bank loan of 25 lacks in which a subsidy of 5 lacks is provided. i have to repay only 20 lacks with 7% of intrest i.e. approx 24 lacks 20 thousend in three years. can i use this loan for starting a business.

Answer : 27931

Published on: Dec 1, 2010

بسم الله الرحمن الرحيم


(Fatwa: 2122/B=1726/tb=1431)

If you will not have to pay interest amount separately and the subsidy amount will suffice for the interest of bank, you can invest that loan amount in your business.


Allah knows Best!


Darul Ifta,
Darul Uloom Deoband

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