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Old 09-08-2011, 05:45 AM   #3
HugoSimon

Join Date
Oct 2005
Posts
495
Senior Member
Default
To take out a loan means you are making a trust to pay it back. If you have no intention to do so, then you are breaking that trust and it will be haraam. One of the
characteristics of a hypocrite is he breaks the trusts entrusted to him. But as pawlak said, the very fact that the loan will be paid back with interest makes the loan Haraam too.
I am also in the same position as you I'm afraid.
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