Dr. Monzer Kahf, a prominent economist and counselor states: Riba is absolutely forbidden in Shari’ah with the strongest terms and interest as practiced in conventional banks today is the Riba itself. Consequently, taking loans from banks for interest is not permitted in Islam and it is rather one of the gravest sins. I am not aware of any thing in our religion that allows violation of prohibitions other than necessities and their likes and I don’t see a necessity in buying a car or a property for those who can’t pay for them.”
Taking a conventional bank loan to buy property or car
Did you like this content?
Recommended
Defending Jerusalem: A Sacred Duty for Muslims Worldwide
The Tragedy of Al-Aqsa Mosque: Its Significance and Muslims’ Duty to Protect It
How to Perform Prayer of Thankfulness
Prohibition of Making Love during Menses: Why?
Rights & Duties of the Wife and the Husband
Istikhara Prayer: Rules & Signs of Response
Advice to Overcome Porn Addiction
Spiritual Diseases: Remedy
Lying between spouses
How to Introduce Islam to Non-Muslims
Top Reading