Is it permissible to borrow and authorize a transfer for a fee on the same day, knowing that the loan will be repaid after one month?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to combine a loan with a contract of exchange, such as an "agency for a fee," if this is a condition, due to the Prohibition of the Prophet, peace and blessings be upon him, against "a loan and a sale." Other contracts of exchange are assimilated to sale. If such a condition is stipulated, then the lender would have benefited from his loan, and this is forbidden usury (riba). However, if the transfer occurs without prior stipulation and without favoritism in the fee, then there is no harm in that.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/18153
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 18153
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy