Is it permissible to take out a loan guaranteed by an investment certificate from an interest-based bank to perform the Hajj, knowing that the certificate expires next January and covers the cost of Hajj?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
Investment certificates in usurious banks are impermissible (). It is obligatory for anyone who has dealt with them to repent and revoke them immediately. It is not permissible to use them as collateral for another loan, whether it is a benevolent loan () or a usurious one. A usurious loan is a grave sin and it is not permissible to take it for Hajj or for any other purpose. One is not obligated to borrow for Hajj, but if someone takes a benevolent loan and performs Hajj, their Hajj is valid.
Summarized from the full answer at Ftawy · imported
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- Original fatwa ID
- 189142
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