Is it permissible to borrow from a bank to purchase machinery, with repayment over three years without interest, on the condition that if there is a delay, the bank stipulates interest, but then it is possible to relinquish the machinery to the bank without interest, is this permissible?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is impermissible to enter into a contract that stipulates the payment of usurious interest, even if one could avoid it, except in cases of necessity or a recognized need. In such instances, the need is assessed according to its extent.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/120285
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 120285
- Imported
- Translation status
- Source text, unreviewed
- Read the full ruling
- Read the full answer on Ftawy