Question:
Assalamallakum – I want to ask if it’s permissible to take a loan from my own 401k saving account?

Answer:

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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The Shar’a ruling herein given is based specifically on the question posed and should be read in conjunction with the question.

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