Are the loans from the Social Fund for Development, whose conditions have been detailed, and which Sheikh Nasr Farid Wasel has issued a fatwa permitting their use as developmental financing, not considered usury?

These loans, despite being distinguished from traditional loans by their social and humanitarian controls, are not free from the problem of usury. If we assume that the beneficiary did not succeed in their project, they would be forced to return the loan with interest, which means they would lose part of their capital. This confirms that the contract is not a partnership (musharakah) or profit-sharing (mudarabah), but rather an interest-bearing loan that is facilitated, because the Sharia principle is that "every loan that draws a benefit is usury."

This loan must be amended to become a mudarabah contract between the fund and the beneficiaries, with feasibility studies and sufficient guarantees that take into account aspects of solidarity and cooperation, in order to comply with Islamic Sharia.