There is no "Islamic" Bank, a muslim should not take a loan unless absolutely required in life. Nowadays people take car loan to buy a brand new car, is it justified as per Islam if you talk about Shariah?
Spend only as much you can afford and from what you have, this is what Islam teaches us. There is no Islamic Bank, its all change of terms, they call it interest and these bank call it profit/loss, else everything is just the same and remember involving in Riba is waging a war againt Allah and his Prophet(pbuh)...are you prepared for this war in exchange of ur material desires?
Allah says in noble Qur'an:
Surah Al-baqarah verse no.278-279:
"Oh you who believe! Fear Allah and give up what remains of your demand for usury if you are indeed believers,
If you do not, take notice of war from Allah and his Messenger sallallahu alaihe wasallam but if you repent you shall have your capital sum. Deal not unjustly and you shall not be dealt with unjustly."
There is no "Islamic" Bank, a muslim should not take a loan unless absolutely required in life. Nowadays people take car loan to buy a brand new car, is it justified as per Islam if you talk about Shariah?
Spend only as much you can afford and from what you have, this is what Islam teaches us. There is no Islamic Bank, its all change of terms, they call it interest and these bank call it profit/loss, else everything is just the same and remember involving in Riba is waging a war againt Allah and his Prophet(pbuh)...are you prepared for this war in exchange of ur material desires?
Allah says in noble Qur'an:
Surah Al-baqarah verse no.278-279:
"Oh you who believe! Fear Allah and give up what remains of your demand for usury if you are indeed believers,
If you do not, take notice of war from Allah and his Messenger sallallahu alaihe wasallam but if you repent you shall have your capital sum. Deal not unjustly and you shall not be dealt with unjustly."
Allah(swt) knows best..