Topics: Islamic Finance

Is Selling Motorcycles and Scooters through Bank Loans Permissible in Islam?

The Islamic Ruling on Interest-Based Bank Loans in Business Transactions

Question: Someone wants to open a shop for motorcycles, scooters, etc., but many customers prefer to buy through bank loans because this is common in India. Is such income permissible?

Answer: If a person sells motorcycles and scooters through an interest-based bank loan, this business and its income are not permissible because engaging with an interest-based bank is cooperating in usury, which is a sinful act. It does not matter what is common in India; we must consider what is permissible and impermissible in Islam. What is halal in Islam is halal, and what is haram is haram. Therefore, a Muslim should earn a lawful livelihood.

 Sheikh Maqbool Ahmed Salafi (May Allah protect him)

❪Jeddah Dawah Center, Hayy Al-Salamah – Saudi Arabia❫

Author: IslamicHelper

IslamicHelper

Recent Articles

Hashr on Day of Resurrection Explained

The Gathering (Hashr) and Resurrection (Ba'th) on the Day of Judgment "The Righteous Answers to Wise Questions" — (Part 17)… Read More

2 weeks ago

Souls in Barzakh: Ranks After Death

In Part 16 of “The Righteous Answers to Wise Questions,” Allamah Zaid al-Madkhali explains the various abodes of souls in… Read More

2 weeks ago

Scenes of Day of Resurrection in Islam

In Part 15 of “The Righteous Answers to Wise Questions,” Allamah Zaid al-Madkhali details the major scenes of Qiyamah —… Read More

2 weeks ago

Best & Worst Gatherings in Islam

In this part of “The Righteous Answers to Wise Questions,” Allamah Zaid al-Madkhali explains the most virtuous gatherings — sitting… Read More

2 weeks ago

Who Can Skip Ramadan Fasting? Qada & Fidyah Rules

Who Can Skip Fasting in Ramadan: Qada and Fidyah Explained Question: For which people is it permissible to skip fasting?… Read More

2 weeks ago

Shariah Ruling on Rape

In Islam, suicide is strictly forbidden (Haram) even to protect honor, as life belongs to Allah. A woman forced into… Read More

2 weeks ago