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The question

Is it permissible to take out a loan from a bank to purchase land?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

Usury is one of the greatest prohibitions, and it is not permissible to engage in it except out of a recognized, legitimate necessity. Therefore, it is not permissible for a Muslim to take a usurious loan to purchase a plot of land unless there is an overwhelming necessity. It is permissible for him to take a benevolent loan or to purchase the plot through a -compliant murabaha.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
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Ftawy
Original fatwa ID
160624
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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Read the full answer on Ftawy