Is it permissible to take a loan from an interest-based (usurious) bank to buy land due to the unavailability of an Islamic bank?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is impermissible to borrow from a usurious bank to pay the remaining cost of the land, for usury is among the grave prohibitions and should only be resorted to in cases of dire necessity. The absence of Islamic banks does not permit recourse to usurious banks. One can search for someone who offers a benevolent loan () or sells a commodity with profit (tawarruq) to pay the price of the land.
Summarized from the full answer at Ftawy · imported
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- Ftawy
- Original fatwa ID
- 118621
- Imported
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