1. It is not permissible for one to get involved in interest bearing transactions. The giving and taking of interest are both haraam in Islam. وَأَحَلَّ اللَّـهُ الْبَيْعَ وَحَرَّمَ الرِّبَا ﴿البقرة: ٢٧٥﴾ And Allah has permitted sale and prohibited riba – interest. الَّذِينَ يَأْكُلُونَ الرِّبَا لَا يَقُومُونَ إِلَّا كَمَا يَقُومُ …