Transactions with bank loans are not allowed. In Islam, business is declared a sacred place for halal and usurers. If you take out a loan, you have to pay interest on the loan. Islam does not support usury and bribery. Islam says, “Don’t use sharks, don’t fear Allah.”
We are currently looking for loan deals. Loans from banks are currently spreading like a deadly disease in our society.
In Islam, usury is considered more sinful than adultery. Allah Ta’ala cursed loan sharks, loan sharks, and loan sharks. Eating loan sharks is considered more disgusting than eating pork.
Islam does not allow interest-based loans for business. If you take a loan from the bank, you will not be lucky in business. Allah Ta’ala defines Halal and Haram in the Qur’an. In life, we must reject Haram and accept Halal.
Islam says to do business without interest.
Even business in a halal way, taking a bank loan, will not be halal. If you take a loan and trade with it, it is not halal.
If the company’s entire capital is borrowed, the entire business will be considered illegal. If the interest money is separated from the business, the rest will be considered halal, but there must be capital in it.
Since the business is halal, if the halal part is removed from the halal, the rest will be halal.
Since loans or usury are declared sacred in Islam, we should avoid them. Through entrepreneurship, people’s well-being increases, and their living system improves. No other profession has been blessed by the grace of Almighty Allah in business. “Do not spend anyone’s wealth unjustly, but exchange money by trade and commerce by mutual agreement,” Alata Allah told the Muslims.
In addition to taking loans from banks and doing business with them, Alataara also banned all kinds of business when approaching Asdup. Doing business with credit only accumulates wealth in the hands of a certain class, but in Islam, wealth is shared between the rich and the poor.
There are many banks in Bangladesh, and many of them claim that if you withdraw money from their bank, no interest will accrue. For example – Islamic Banking. Islamic banks provide loans in a variety of ways in accordance with Sharia law and claim that lending in the way they provide will not be considered illegal. We should always focus on debt-free business because Islam does not allow starting a business with a bank loan.
