If the institution receives profits for the loans which it grants to its employees or others
A: If the institution receives profits for the loans which it grants to its employees or others, these loans will be considered as prohibited. This is because any loan which is conducive to profit is considered Riba (usury), even though people may give it another name. (Part No. 11; Page No. 113) May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.
Taking loans on the...
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