💰 Family finances · #121

We are desperate and thinking of taking an interest-bearing loan. What are the safer options?

Before taking an interest-bearing loan that involves riba, look carefully at safer and more blessed options first. Riba removes blessing and often traps people with ballooning repayments. Consider an interest-free loan from family or friends, baitulmal or zakat assistance if you qualify, and Shariah-compliant financing schemes. Cut spending that can be postponed and sell assets you do not need first. If it is an urgent need such as medical treatment, seek advice from the relevant assistance agency. Plan so the situation does not happen again by building an emergency fund once things ease. Pray for halal provision while continuing to make every effort. See family finances.

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This answer is general reference, not a fatwa. For your situation, consult the religious affairs office, a Syarie lawyer or your state Syariah Court.

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