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The question

What is the ruling on working at the African Development Bank, which finances projects for countries with long-term loans and does not deal with individuals or companies? And are these loans forbidden?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

This type of bank deals with usurious loans, and bank interest is the usury forbidden by the text of the Qur’an, the , and the consensus of the Ummah. There is no difference between banks adopted by individuals and those adopted by the state, as long as the transaction involves lending or borrowing with usury. The predominant assumption is that the bank in question is a commercial bank that only lends with usurious interest.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
63994
Imported
Translation status
Source text, unreviewed
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