The Islamic Perspective of Loans
In this book, one of the major acts in which people are generally involved has been clarified in the light of the Quran and hadith. This is the issue of the loans. A loan is taken when one is desperate and it is not an evil act to do so. However, to take a loan and not to pay it or to delay and procrastinate in paying the lender is a very evil character trait and a major sin.