سوال

I am a government employee and I need “Personal Loan” of PKR 300,000 for constructing my own house. Kindly guide me, is it permissible for me to take such a loan in Shariah?

NOTE:(The necessary modification has been made to the question.)

اَلجَوَابْ بِاسْمِ مُلْہِمِ الصَّوَابْ

It should be noted that in Islamic Shari‘ah, engaging in interest-based (riba) loans is strictly prohibited, as interest is considered a major sin in light of the Qur’an and Sunnah.

As per our information, “Personal Loans” are generally offered only by conventional banks and are usually based on interest; therefore, taking such loans is not permissible in Shari‘ah.

However, if any institution is offering a loan without interest, then obtaining such a loan is permissible.

سورة البقرة (الاية : 275)

وَأَحَلَّ اللَّهُ الْبَيْعَ وَحَرَّمَ الرِّبَا.

صحيح مسلم (3/ 1219 ت عبد الباقي):

عن جابر، قال:لعن رسول الله صلى الله عليه وسلم ‌أكل ‌الربا، ‌وموكله، وكاتبه، وشاهديه، وقال: هم سواء.

فقہ البیوع( ج2 ص 627)

ربا الذي حرمه القرآن الكريم، عرّفه الإمام أبو بكر الجصاص العالى بقوله: هو القرض المشروط فيه الأجل، وزيادة مال على المستقرض.وهذا النوع من الرّبا يُسمّى رِبَا القَرْض أو ربا القرآن.

الموسوعة الفقهية الكويتية (2/ 40):

‌ربا ‌الجاهلية إنما كان قرضا مؤجلا بزيادة مشروطة، فكانت الزيادة بدلا من الأجل، فأبطله الله تعالى، وحرمه.

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