What do you do if you have a loan from an impermissible source?

If a source isn’t permissible or they become impermissible at any point during the loan period, the transaction is void. It has no legal effect and you must pay back anything you owe. You must therefore continue to check the permissibility of the source throughout the term of the loan.

If you have entered into a loan with an impermissible source, you should let us know as soon as you become aware the source is impermissible.

You must record these details:

You must include all impermissible loans in your quarterly report.

Last updated: 31 March 2022