Is it permissible to take a loan from banks with a small interest rate, especially if people do not lend money except with a higher interest rate than banks due to monopolization?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
Usury (riba) is impermissible, whether the lender is a bank or an individual, as it is one of the gravest sins. However, purchasing an item for a deferred price that exceeds its cash price is permissible, provided its conditions are met.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/52529
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 52529
- Imported
- Translation status
- Source text, unreviewed
- Read the full ruling
- Read the full answer on Ftawy