Mufti Muhammad ibn Adam al-Kawthari

Using Bank Interest to Start a Business

I am presently living in Canada. My parents are in Pakistan. I finished my studies more than one year ago. Despite all the sincere efforts for more than year now, I have not been able to find a job due to the present economic slump. I intend to start my own business now. The way a business franchise is obtained in Canada is that the prospect franchisee provides some specific amount as down payment and rest is financed through a bank. The total amount varies from $200,000 to $400,000 depending...