Fatwa ID: 80163
Title: Faisal Islamic Bank
Category: Financial Transactions
Scholar: Dr.Salah Al-Sawy
Date: 10/08/2009

Question
I want a loan, what should I do? - From Imbaaba

Answer
In the name of Allaah, the Benevolent, the Merciful. All praise is due to Allaah, and may peace and blessings be upon the messenger of Allaah, upon his family, companions, and those loyal to him. I ask Allaah to replace your difficulties with ease, and to provide for you a way out of your congestions. We advise you with much Istighfaar (i.e. seeking forgiveness), and befriending the righteous, and praying at night while the people sleep, and to beg Allaah, the Mighty and Majestic, to grant you refuge from the overwhelming of debt and domination of men! He is Caretaker of that, and the one capable of it. We don't advise you to resort to the interest-based loans, and remind you that whoever fears Allaah, He will make a way out for them, and provide for them from where they never expected. And Allaah, the Most High, knows best.