Is the profit I earn from a business I undertake using a loan I obtained from a bank that charges interest halal to me? I have paid back the loan and the interest that was charged. I do construction and general supplies. When a contractor is given government contracts you will have to execute before payment is done. In some cases the amount is huge and you would need a loan but in my country there are no Islamic compliant banks. There are only banks that charge interest.

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Asked: Apr 01 '13 at 18:05

Seen: 348 times

Last updated: Apr 01 '13 at 18:05


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