It is not permissible to take a loan from a private bank that is wholly or partially owned by Muslims with a condition in the loan contract to pay interest to the bank. It is also not permissible to take a loan from a non-Muslim private bank. It is permissible to borrow from both kinds of banks if the loan agreement was without stipulation of any interest. If the bank is owned by a government, then it is allowed to take the money without the intention of borrowing it, but with the intention of taking it on behalf of his Eminence and own it afterwards. The money paid will be treated like government taxes.
Repentance, which is regretting the committing of sins and the determination to refrain from them in the future, is one of the means of the mercy of Almighty Allah. Seeking forgiveness from Almighty Allah and continuing to do so whenever one remembers the sin helps the purification of the heart. Performing the good deeds leads to the cleanliness of the heart as well. Almighty Allah said: “Good deeds annul ill-deeds” (11:114).
