Is it permissible to take out a loan from a bank with interest if the company is in dire need of renewing its means of production, and bank loans with interest are the only available option after it became impossible to open up capital and financing through leasing proved to be very expensive?

Borrowing from a bank with interest is forbidden by Islamic law and is not permissible except in cases of recognized necessity. The company's need for capital to renew its production means does not constitute a necessity that permits what is forbidden. The company owners can resort to non-interest-based transactions, such as the Islamic Murabaha, which is offered by Islamic banks.