Is there a ‘dire need’ for interest based loans

بســـم اللــه الرحــمــن الـرحـــيــم

▪️Is there a ‘dire need’ for interest based loans▪️

Our Shaykh, Muhammed bin Hizaam – may Allaah preserve him – was asked the following question:

? Question:

The questioner says: We have come to know the severe prohibition of Ribaa (usury) as well as the many harms associated to it, and that it is impermissible for one to be careless in dealing with interest. Nonetheless, we find that Allaah the Most High permits eating dead animal (maytah) out of dire necessity, thus taking into account the principle, ‘necessity is assessed accordingly’ (i.e. necessity permits one to commit haraam only to a certain extent), whereby it’s impermissible to exceed this, is there a case where one may be forced into taking an interest based loan from the Banks due to necessity, or is this something non-existent? Could you possibly give us an example of dire necessity in this regard?

? Answer:

I do not know of any necessity that would allow one to take an interest based loan from the bank. I do not know of any dire need in this regard. Dire necessity is when a person fears the destruction of his life, honour or wealth, or fears something unbearable, such as severe beating, prolonged incarceration, or the likes of this.


Translated by:

Abu ‘Abdirrahman ‘Abdullaah ibn Ahmad Ash-Shingaani

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