Assalamallakum – I want to ask if it’s permissible to take a loan from my own 401k saving account?
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
In principle, it is permissible to take a loan from one’s own 401K account.
And Allah Ta’āla Knows Best
(Mufti) Abdul Azeem bin Abdur Rahman
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