Is the Murabaha loan from the Saudi Hollandi Bank, amounting to 95,500 Saudi Riyals with a profit of 12,0 Riyals for the bank over four years, permissible or forbidden?

If the bank sells a commodity through Murabaha for the buyer to then sell it and benefit from its price, this is what is known as Tawarruq, which is a matter of scholarly disagreement. The majority of scholars permit it, provided certain Shariah-compliant conditions are met, and it does not affect the transaction that the bank collects a price higher than its immediate cash value. However, if the bank lends an amount and retrieves more than that amount, it is an interest-based (ribawi) loan, which is prohibited and must be abandoned and avoided. Allah Almighty says: "O you who have believed, fear Allah and give up what remains [due to you] of interest, if you should be believers. And if you do not, then be informed of a war [against you] from Allah and His Messenger. But if you repent, you may have your principal - [thus] you do not wrong, nor are you wronged." (Quran 2:278-279). And the Messenger of Allah, peace and blessings be upon him, cursed the one who consumes interest, the one who feeds it, its scribe, and its two witnesses. One must seek out what is lawful and fear Allah in earning.