Question ID: 32729
0
0

Assalamu alaikum, Respected Mufti Sahab, sir my friend wants to know how to do a particular business.

He wants to purchase a van or truck for commercial purpose. He want to do business. But he does not have so much money to buy the vehicle. So he wants to take loan from a bank. So what will be the condition as he has to repay the principle alone with interest. So what is the way out according to shariah.

Jazzak Allah!

Marked as spam
Asked on March 18, 2017 4:46 pm
49 views
0
Private answer

Ask the bank to stipulate the total amount owing, the instalment scheme, the option to settle and no penalty on Dday payment and instalment.

Marked as spam
Answered on March 29, 2017 7:10 pm