Is it permissible for me to take out a loan from the municipality with an interest rate of 1.5% to build a house, given that I cannot borrow from other banks?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is forbidden to engage in this transaction carried out by the municipality, as it is a type of usury (riba). Usury is not permissible except in cases of extreme necessity.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/42199
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- Ftawy
- Original fatwa ID
- 42199
- Imported
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