Ruling on taking an interest-free loan from the bank with which his company does business
Dear Brothers & Sisters,As-Salaamu-Alaikum wa Rahmatullahi wa Barakatuh. (May Allah's Peace, Mercy and Blessings be upon all of you)
One of our brothers/sisters has asked this question:
A company has dealings with one of the banks, and this bank agrees to make interest-free loans to employees of the company,asking for a part of the employee’s salary to be transferred to them in repayment. Is it permissible for the employee to take this loan from this bank?
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Answer:
Praise be to Allaah.
We put this question to Shaykh Muhammad ibn Saalih al-‘Uthaymeen, may Allaah preserve him, who answered as follows:
There is no reason why the employee should not take this loan from this bank, so long as the loan is interest-free.
Whatever written of Truth and benefit is only due to Allah's Assistance and Guidance, and whatever of error is of me. Allah Alone Knows Best and He is the Only Source of Strength.
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