What are the legitimate Islamic alternatives available for financing the public budget deficit, apart from public debt bonds, especially with the increasing public expenditures?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
Loan bonds are prohibited because they are usurious loans, and Allah has declared war on those who deal in usury. There are many legitimate alternatives that the state can use instead of these bonds, including industrial and commercial projects, interest-free loans from friendly countries, taxes, and budget reduction through rationalizing expenditures.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/73346
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- Ftawy
- Original fatwa ID
- 73346
- Imported
- Translation status
- Source text, unreviewed
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