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

Short-Term Online Islamic Courses: A Delusion

Many short-term online Islamic courses falsely promise Aalimiyyah degrees in just a few months. Discover why authentic religious knowledge requires… Read More

3 weeks ago

Hashr & Ba’th: The Day of Resurrection in Islam

Part 17 of "The Righteous Answers to Wise Questions" details the two types of Gathering (Hashr) on the Day of… Read More

3 weeks ago

Islamic Ruling: Missing Salah on Your Wedding Day

Despite the busyness of bridal preparations, delaying or missing prayer on your wedding day is strictly impermissible in Islam. Discover… Read More

3 weeks ago

7 Tactics of Satan by Ibn al-Qayyim to Misguide Humans

Ibn al-Qayyim (rahimahullah) explains the 7 progressive tactics Satan uses — from kufr and bid’ah to minor sins, wasting time… Read More

3 weeks ago

Khomeini’s Views on Sunnis: Shocking Fatwas Exposed

Discover Ayatollah Khomeini's fatwas on Sunnis (Nawasib) from his books: impurity, no inheritance, unlawful slaughter, takfir, and more. Refutation of… Read More

3 weeks ago

Khamenei’s Critical Views on Prophet’s Companions

This article exposes Iran's Supreme Leader Ali Khamenei's alleged disrespectful views on the Sahaba (Companions of Prophet Muhammad PBUH), drawing… Read More

2 months ago