Is the interest-free loan (Qard Hasan) of EGP 36,0, repayable at EGP 28,800, provided by the company, considered Riba (usury) if it is conditioned on continued employment for five years, with the stipulation that the full amount, including interest for the entire period, must be repaid if the employee leaves the company?

The loan mentioned, with its accompanying condition, is Islamically forbidden (haram (definition)) because it is an interest-based loan (ribawi) and not a benevolent loan (qard hasan (definition)). The lender stipulated a benefit in exchange for the loan, which is the employee remaining employed with him for a specific period. Every loan that draws a stipulated benefit is usury (riba). If the company contracted with the employee for a known period, the employee is obligated to work for the entire duration because an employment contract (ijara) is a binding agreement, regardless of the existence of the loan.