Is it permissible to take a loan to buy a house from the Islamic products of usurious banks if Islamic banks are not available?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If there are no Islamic alternatives, then there is no harm in dealing with usurious banks in transactions that are controlled by regulations, such as Murabaha (cost-plus financing) and Istisna' (manufacturing contract), and the like, due to the absence of Islamic banks.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/109405
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 109405
- 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.
- Read the full ruling
- Read the full answer on Ftawy