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When and why do you borrow?

Introduction
Borrowing has become an integral part of our financial lives, whether in local or foreign currency. But when is borrowing a wise decision? And why do we resort to it? This article will explore this topic.

When should you borrow?

In local currency (such as riyals or dinars):
To purchase a worthwhile asset (a home, a necessary car, education)

To invest in a profitable project with a clear feasibility study

For medical emergencies when there is no other option