No, taking a loan form a bank is totally prohibited, it is clear riba.

I am the only bread earner in my family. I have worked for many years and saved some small amount in bank.things have really got expensive and my three children are also growing big. I wanted to purchase a house whereby the bank is giving me a loan which I need to clear it within five years. The bank is giving loan and will also charge me interest. Is it OK for me to go ahead with the loan?

Riba |