What are the rulings on loans in these situations?
Assalaamu Alaikum,
I would like to know if the following are permissible in Islam please:
- Is it permissible to use money borrowed from a non-Muslim person who took a loan to lend it to the Muslim person?
- Is it permissible for a Muslim person to act as a guarantor for a loan that a non-Muslim is taking?
Wa Alaikum Assalaam,
الجواب و بالله التوفيق
- It is permissible for one to use money borrowed from a non-Muslim who took a loan to lend it to the Muslim.
- If the non-Muslim is taking a loan which requires him to pay interest, then the Muslim cannot become a guarantor for such a loan. However, if the loan is free from interest, then the Muslim person can act as a guarantor for it.
And Allah Knows Best.
Mufti Waseem Khan.
31/10/16.