Question
In our country, there are no Islamic banks, and the interest on loans in banks reaches 12%. Is it permissible for me to take a loan from them, knowing that I have no other solution?
Answer
I say, and with God's help: It is not permissible to take usurious loans even in non-Muslim countries except in special cases where there is a clear necessity. Nevertheless, they should ensure to consult trustworthy individuals in their countries, as they are more aware of the reality of the matter, and God knows best.