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Thread: Is there a way to get personal Islamic loan

  1. #1
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    Default Is there a way to get personal Islamic loan

    I know someone who is in dire need of money in US and out of job, but might get a job later. Is it possible to get Islamic personal loan (without interest). I know banks won't give it but amount is not that much.

    If somebody can help PM me please. Don't have to give money but if there is a place to take out a small personal loan, let me know please. Thanks.

  2. #2
    Veteran Member lumumba_s's Avatar
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    Default Re: Is there a way to get personal Islamic loan

    This is what zakat is for. And unfortunately, zakat is by-and-large a dead institution among the vast majority of Muslims. He should contact his local mosque and talk to people who know him personally and can verify his situation.
    "Allah is the point. If it is other-than-Allah, then it is besides the point." - Nuh Ha Mim Keller

  3. #3
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    Default Re: Is there a way to get personal Islamic loan

    Thanks br!

  4. #4
    Moderator shaad_lko's Avatar
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    Default Re: Is there a way to get personal Islamic loan

    Quote Originally Posted by lumumba_s View Post
    This is what zakat is for. And unfortunately, zakat is by-and-large a dead institution among the vast majority of Muslims.
    Well said and this reminds me of Fazlur Rahman's hyperbolic but sincere quote that the Muslim umma is not even in existence
    Nine things the Lord has commanded me: Fear of God in private and in public; Justness, whether in anger or in calmness; Moderation in both poverty and affluence; That I should join hands with those who break away from me; And give to those who deprive me; And forgive those who wrong me; And that my silence should be meditation; And my words remembrance of God; And my vision keen observation.- Prophet Muhammad (pbuh)

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