To what extent are micro-loan and project financing systems—the details of which have been mentioned—permissible and compliant with Sharia requirements, especially given that repayment is without interest, but it is stipulated that the subscription fee and administrative charges continue to be paid even after obtaining the loan and settling its installments, with the possibility of recovering the full monthly subscriptions, excluding administrative charges, upon withdrawal?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
There is no objection to establishing a savings fund to lend to participants, especially since the mentioned conditions are acceptable.
Summarized from the full answer at Ftawy · imported
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