Is it permissible to take bank loa...

Egypt's Dar Al-Ifta

Is it permissible to take bank loans to buy a house or a car?


I would like to know if taking loans from the bank is permissible to buy a house or a car or to use for investment? I am asking for my brother who lives in Sweden and for me as I live in Egypt.


It is permissible to buy either the house or the car in installments through the bank. As for taking a personal loan, it is impermissible except upon necessity. It is only permissible for a person living in non-Muslim country to take personal loan, because according to the opinion of the Hanafi scholars, it is permissible to deal in corrupt contracts in non-Muslims countries.

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