What is the ruling on taking out a loan under the Murabaha system from an institution that requires a purchase order for any item of a specific value and one or more guarantors, and the amount is then paid in installments with a specified increase?

For the aforementioned transaction to be permissible, the institution must purchase the commodity for itself, so that it enters its ownership and responsibility, and it possesses it before selling it to you at a profit. If the transaction is conducted according to the regulations of legitimate Murabaha sale, then there is no objection to it. Otherwise, it is not permissible except in a recognized case of necessity, which is when one is highly likely to face ruin because of it, or unbearable hardship, or inability to achieve the minimum standard of living for the poor. Necessity is estimated according to its extent, and permissibility ceases when the necessity ceases.