In What Circumstances Can Borrowing From Banks Be Halal?
Bank loan is calculated by interest haram and halal are of great importance for believing in Islamic religion. This is also confirmed by the fact that many of the topics are explicitly included in Muslim scriptures. The holy book of the Muslims, Koran Kerim, is also explicitly stated to be halal and haram behaviors.
These behaviors have emerged with the aim of ensuring that society is a more organized and clean place. But in multinational countries such as the United States, occasional halal and haram issues are overlooked. It makes important explanations, especially in material matters, which are an important part of society’s life. Among these statements, interest and debt transactions hold a special place. Borrowing from banks is not suitable for Islamic religion.
Making a bank loan application is a personal choice. Debt transactions have existed in the economy for centuries. Borrowing is of great importance not only for companies but also for individuals. Sometimes the smallest groups of the community, such as domestic borrowing, are in debt. But when borrowing is from banks or interest lender, it is forbidden. On this subject, the Koran Kerim explicitly makes you explain from time to time the material problems with the spiritual problems. No matter how difficult the conditions are, borrowing against the interest is considered as a haram with in the Islamic religion. It is necessary to keep up and work harder to accumulate the needed money. Islam is for bidden to receive and pay interest.