السلام عليكم ورحمة الله وبركاته
My question is very simple. We all know and agree interest is haram. My question revolves around it.
Let’s suppose, my company borrowed £50k with internet of 10% for a special time. End of the contract I will be paying £50k principal with the £5k interest…
However, my business is allowed to claim back “the cost of borrowing” from HMRC.
I can easily claim back by £5k from my tax. Which I would be paying anyway, had I not taken the loan.
Is this practice shariah complaint?
جَزَاكَ ٱللَّٰهُ خَيْرًا