Back to search
The question

Is it permissible to pay off a loan from a national bank with its increased interest before the first installment is deducted from the salary?

Share this answer

Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

There is no objection to expediting the repayment of a bank loan in a single lump sum, even if the bank does not waive all or part of the profits. There is also no objection if the bank waives some of the profits without a condition in exchange for expedited payment. However, scholars have differed regarding the ruling on making such a condition from either the creditor or the debtor.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
146104
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy