Investing loan money

Question ID: 28323
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Assalamualykum. I trust that you and your family are well.

I am in the production industry and have several machines which are not profitable to me right now. If I sell these machines I can get back maybe 40 % of my investment. If i take a loan from the bank against these machines I’ll probably get more. I want to invest the loan money for new and more efficient machines.
Is such a situation allowed?

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Asked on September 21, 2008 12:00 am
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Private answer

Sell your machines
. Then invest. More Barakaat in that

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Answered on September 21, 2008 12:00 am