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SALAMUN ALAIKUM

I HAVE GOT TWO QUESTIONS

1) ARE WE ALLOWED TO TAKE A LOAN FROM AN ISLAMIC BANK IF YES ARE WE SUPPOSE TO PAY THEM WITH INTEREST?
2) ARE WE ALLOWED TO TAKE A LOAN FROM A NON ISLAMIC BANK IF YES ARE WE SUPPOSE TO PAY THEM WITH INTEREST?

ILTEMASE DUA
HUSSEIN GULAMHUSSEIN

no answer?

answer of above questions according to fatwa of grand ayatullAllah Syed Ali Hussaini Sistani (May Allah protact our marajie)

a): It is permissible to deposit money in a bank without prior condition for interest and it is as well permissible to take interest, if the bank in which money is deposited belongs to Muslims. If it belongs to government, it is permissible to take interest provided that half of the interest is given away to poor people (momeneen of them).



It is not permissible to take a loan from a national bank (bank owned by muslims) with interest. But if the bank is owned by government it is permissible to take loan with interest provided that taking loan should be with the intention of securing a property whose owner is unknown. Having taken the loan he considers it as a loan given to him on behalf of a Hakim Shara' (Islamic judge). Grand Ayatollah Seestani has permitted this.

Jazakum o Allah

W salaam