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The question

Is the increase over the original borrowed amount for purchasing a property, stipulated for the Islamic bank (one million Syrian pounds on a loan of one million four hundred thousand Syrian pounds, for a period of ten years), Islamically permissible?

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

If the intention behind borrowing from an Islamic bank is Murabaha (cost-plus financing) or Istisna' (manufacturing contract), then there is no objection to it, provided that the bank adheres to the Sharia regulations. However, if the intention is genuinely a loan with a stipulated increase, then it is explicit Riba (usury) and forbidden.

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
105786
Imported
Translation status
Source text, unreviewed
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