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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. PDF Print E-mail
Hajj & Umrah - Hajj

Q: 60 – 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 Allah, Most Gracious, Most Merciful

Assalamu 'alaykum wa Rahmatullahi Wabarakatuh

Without referring to any bank, in principle, providing loans is highly encouraged to a needy person.[1]
(Sunan Ibn Majah, Vol.2 , Pg.812, Darul Fikr,Bairat)

According to Darul Ifta’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 Allah Ta'ala Knows Best
Wassalamu 'alaykum 

Ml. Abdur Rahman Shareef,
Student Darul Ifta

Checked and Approved by:
Mufti Ebrahim Desai
Darul Ifta, Madrasah Inaamiyyah

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]  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)