Fatwa ID: 06397

Answered by: Alimah Zakiratul Hoque

Question:

I’m asking for Fatwa regarding a loan that I am intending to consolidate using another interest loan because the creditor is passing through an emergency situation and he asking me to pay it back urgently. The creditor is a Muslim guy and he supported me the most when I was in need. I feel stressed and most of shame because of this situation.

In the name of Allah, the Most Gracious, the Most Merciful

Answer:

Regarding Ribaa, Allah says in the Qur’an:

“But those who take usury will rise up on the Day of Resurrection like someone tormented by Satan’s touch. That is because they say, ‘Trade and usury are the same,’ but God has allowed trade and forbidden usury. Whoever, on receiving God’s warning, stops taking usury may keep his past gains- God will be his judge- but whoever goes back to usury will be an inhabitant of the Fire, there to remain. God blights usury but blesses charitable deeds with multiple increases: He does not love the ungrateful sinner.” (Qur’an 2:275-176)

Allah also says in the Qur’an:

“O, believers! Do not consume interest, multiplying it many times over. And be mindful of Allah, so you may prosper. And guard yourselves against the Fire prepared for the disbelievers. And obey Allah and the Messenger, so you may be shown mercy.” (3:130-132)

Regardless of the reason, taking interest is not permissible. You should try to consolidate the loan in a way that is free of interest. Perhaps you could borrow money from another friend or family member and pay it back as soon as you can. Or you could ask someone who is able to repay the loan on your behalf and then pay them back as soon as you can.

Only Allah knows best.

Written by Alimah Zakiratul Hoque

Checked and approved by Mufti Mohammed Tosir Miah

Darul Ifta Birmingham