Question Summary:
Many banks in pakistan offer loan without interest for HAJ. Is this allow in Islam to take loan from bank without interest and give some of the % before and rest in instalment after HAJ. If no then why Banks like meezan , dubai islamic offering it.

Question Detail:

Many banks in pakistan offer loan without interest for HAJ. Is this allow in Islam to take loan from bank without interest and give some of the % before and rest in instalment after HAJ. If no then why Banks like meezan , dubai islamic offering it.

Do we have any fatwa for this.

Answer :

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In the name of Allāh, Most Gracious, Most Merciful

Assalāmu ῾alaykum wa Rahmatullāhi Wabarakātuh
 
Without referring to any bank, in principle, providing loans is highly encouraged to a needy person.^[1]
(Sunan Ibn Mājah, Vol.2 , Pg.812, Dārul Fikr,Bairūt)
 
According to Dārul Iftā’s research, every bank has its own conditions in providing interest free loans for Umrah and other purposes. Therefore, kindly provide us the details/conditions of that particular bank which is willing to provide such a loan. We will clarify then accordingly.
And Allāh Ta῾āla Knows Best
Wassalāmu ῾alaykum 
 
Ml. Abdur Rahman Shareef,
Student Dārul Iftā
 
Checked and Approved by:
Mufti Ebrahim Desai
Dārul Iftā, Madrasah In῾āmiyyah