Transactions & Dealings >> Interest & Insurance
Question ID: 21620Country: India
Answer ID: 21620
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 693/494/L=1431)
Giving loan on interest is unlawful and haram though the rate of interest is only one percent.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India