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Thread: Can i borrow money from my dad for business ?

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    Default Can i borrow money from my dad for business ?

    my dad offered me some money i can use to start my own business. Since hes with me in Canada and doesn't have the money physically he said he will pay via credit card. He intends to instantly pay the card once he reaches Pakistan. He has the money just not here with him. So my quesiton is can i take the money via credit card. Please note he will instantly pay the card once he goes back home. And the amount is only 100 USD .

    So will the money be halal for me.

    i intent on BORROWING it and will pay back .

    AOA
    thanks


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    Mufti abuhajira's Avatar
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    Default Re: Can i borrow money from my dad for business ?

    Quote Originally Posted by alirehman View Post
    my dad offered me some money i can use to start my own business. Since hes with me in Canada and doesn't have the money physically he said he will pay via credit card. He intends to instantly pay the card once he reaches Pakistan. He has the money just not here with him. So my quesiton is can i take the money via credit card. Please note he will instantly pay the card once he goes back home. And the amount is only 100 USD .

    So will the money be halal for me.

    i intent on BORROWING it and will pay back .

    AOA
    thanks


    It is permissible to utilize a credit card as long as the money does not accrue interest on it. So if your father will pay it off within the first month so as not to accrue interest or payments on it, it will be permissible for him to withdraw that money.

    Yes you may borrow from your father.

    Wallahu A'lam



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    Default Re: Can i borrow money from my dad for business ?

    Quote Originally Posted by abuhajira View Post


    It is permissible to utilize a credit card as long as the money does not accrue interest on it. So if your father will pay it off within the first month so as not to accrue interest or payments on it, it will be permissible for him to withdraw that money.

    Yes you may borrow from your father.

    Wallahu A'lam


    AOA

    thank you May Allah Give You Jannat.

    Ameen


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