Usurious Bank Loans to Start Business
As-Salamu `alaykum. Is it allowed to take a loan from a bank to buy a business? That's the only way to start a business here in the United States. If I want to take a loan on a business, let's say 900 thousands and I'll have to pay that in 15 years with the interest after the 15 years the total I'll have to pay is, let's say 980 thousands.Now the question is: If I took this loan and pay it back in the 15 years on time, would that be the same as if someone bought the business for 900 thousands and said to me I'll sell it to you for 980 thousands and you can pay me that in 15 years?