Wed, 2020-01-15 01:42
JEDDAH: A new fatwa from Turkey’s top religious authority on Tuesday said that the government was allowed to take out loans with interest for its public housing projects.
The fatwa was issued by the country’s Directorate of Religious Affairs, the Diyanet. It said that taking out loans with interest was a sin except for the government’s public housing projects. “However, taking interest loans from the banks for setting up a new business or buying a car is a sin,” it added.
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