Transactions & Dealings >> Interest & Insurance
Question ID: 150Country: India
Answer ID: 150Posted on: Sep 1, 2020
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 718=489/H)
It is allowable to pay interest money in income tax. (for details see: Fatawa Mahmoodiah, vol 4)
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India
Is bank loan permisible in India for business purpose? if yes what are the criteria and if no why?
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