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Loan With Interest

Q:

Assalam U Alaikum. I am a Muslim brother. I am a student of engineering,also siblings are students of different level. Due to high poverty and having no source of income I need financial support, for which I m seeking for loan somewhere. As far as I know no man can give me such a support, therefore I m compelled for to take loan on interest base. because here my family life include me is toward devastation. what to do in such a case. Can we relate this case with sorah An'am 6:119

A:

Alaykum Salaam,

Ayatullah Sistani allows it in cases of hardship

Question: Can I a take bank loan knowing that the bank will charge interest?

Answer: Taking an interest based loan is not permissible except for when it is very urgent; it is necessary that he should do so with the intention that it is a transaction without return, even if he knows that he will end up paying the capital as well as the interest. And he should not do so with the intention of getting the loan with the condition of paying interest.

Salaams

Abbas Jaffer