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The question

What is the ruling on borrowing from the company I work for, with interest less than that of a bank, to buy a house for residence, knowing that I live in my father's house and wish to have my own independent dwelling?

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

Borrowing with interest is forbidden because it is usury (riba), whether the amount is small or large. It is not permissible to borrow with interest to buy a dwelling as long as a dwelling is available. The hardship of living with parents does not justify borrowing with usury due to the absence of a necessity recognized by Islamic law. The intention to repay a usurious loan does not change the reality of the forbidden transaction.

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
87803
Imported
Translation status
Source text, unreviewed
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