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Ruling on the Profit Earned from a Business Started with an Interest-Based Loan

Financial Transactions,Trade and Business,Ruling on the Profit Earned from a Business Started with an Interest-Based Loan

Fatwa No :
85276
| Date :
معاملات / مالی معاوضات / کاروبار

Ruling on the Profit Earned from a Business Started with an Interest-Based Loan

What do the esteemed Muftis say regarding this issue: If a person takes unlawful money, such as an interest-based loan, and starts a business with it, will the profit generated from this business be considered lawful (halal) or unlawful (haram)?

الجوابُ حامِدا ًو مُصلیِّا ً

Taking a loan on interest and conducting business with it is unlawful and prohibited. However, if someone, due to compulsion or ignorance, has taken an interest-based loan and earned profit through a lawful business, then there is leeway to utilize that profit.

And Allah knows best
قمر الزمان رمضان عُفی عنه
دار الافتاء جامعه بنوریه عالمیه

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